Nifty near Finishing Point

Key Support-Resistance level of Nifty Future

§  First resistance of Nifty Future is 9721.75;

§  If the index close above 9776.25 then it may run to 9904.25/9958.75 (!!!)

Nifty Trading View

Key Support-Resistance level of Nifty Future

·        First resistance of the day is 9440;

·        Above 9477.75 Nifty Future may try to touch 9519.

·        First support zone of Nifty Future is 9102.05---9091.10.

·        Crucial support of the day 8865.

Nifty Is Near Of It’s Top

Key Support-Resistance level of Nifty Future

·        Above 12282.50 vital resistance is 12304---12309.20 or 12312.25.

·        From any of mentioned hurdles Nifty Future may take an intraday correction.

·        Steadily Nifty Future is going near of its top for the time being. Therefore don’t be trapped at higher level.

Nifty Trading Tips

Key Support-Resistance level of Nifty Future

§  First support of the day is 12000.45,

§  Crucial support of Nifty Future is 11990.30;

§  If break recent low 11977.20 then another round of panic may start. But the probability of such an event is very low.

§  Above yesterday’s high next resistance are 12180.

§  Vital resistance of Friday and Monday is 12268/12268.75---12284.90.

Nifty Trading Tips

Good Morning and Wish You a Happy Trading Session ….

Yesterday after making high 10895.05, Nifty Future starts to melt down, and make intraday low at 10778.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Yesterday Foreign Institutional Investors have bought 4252.17 Cr. and sold 3515.99 Cr. net trades were + 736.18 Cr.

And Domestic Institutional Investors have bought 2492.8 Cr. and sell of 2684.77 Cr. net trade values – 141.97 Cr,

India VIX Snapshot

Yesterday India VIX made high 16.4550 and low 15.3025.

Advance and decline ratio of the Nifty was 31:19

OI at Option Trading

Most active CE was 11,000, and OI was 40, 02,075.

Key Support-Resistance level of Nifty Future

First support of the day is 10739.60; below this 10668.95 will act as vital support.

If Nifty Future break 10678 (as 2^nd support is 10668.95) and close below this level, then panic of short selling can drag the market towards below.

Above 10811.80 next vital resistance of the day are 10864.90. Once Nifty Future able to close above 10902 then may run to higher of 11793 (lifetime time high).

Today’s Overview:

Below 10668.95 Nifty Future will become week.

Nifty Live Price

Nifty at Yesterday’s Session

                                                         

Good Morning and Wish You a Happy Trading Session ….

After continuous correction Nifty Future has given some oxygen to Bulls buy a part recovery, although total move was zigzag. After making intraday high 11149 Nifty Future correct intraday at 11001. From there Nifty Future start to move up.

live-price

From 25 September’s low 10909 to yesterday’s high 11149 the moving pattern is not too much hopeful for Investors. Quite possible of further correction may take place to drag Nifty Future below 10909.

According to behavioral finance trader will jump to buy and will be trapped at higher level. Till yesterday’s closing there is no sign of bounce back. Don’t mixed with bounce back and recover.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Trading strategy of FIIs and DIIs is same from last three days. Foreign Institutional Investors were on sell side and, yesterday their net trade value was -809.95 Cr.

At opposite side Domestic Institutional Investors were on buy side. They have bought (net trade) was 1555.44 Cr.

VIX

India VIX Snapshot

India volatility index is now cool on the basis of its some day’s high movement. But any time it may be aggressive to be the provider of strength to fall the market.

Key Support-Resistance level of Nifty Future

Above 11177 Nifty Future will run to touch 11196/99 level within few minutes.  And 11213/11214/11215 zone will act as tough hurdle. May be we can see this level on October expiry.

Below 10888/10884 crucial support is 10861.

Prediction

Today’s Overview:

After a long term correcting when it seems that market is oversold then a conflict, an irritation does work in the mind of investors. It is natural, the fear, fear of losses change act strongly.

3 Days 326 Points

3 days profit

 Work analysis 07 September 2018

Trade 1. Book profit yesterday’s short position (holding short from 11562) at 11522. Profit 11562 – 11522 = + 40 points.

Trade 2. Sell Nifty Future @11597 SL 11599 (just 2 points) Target 11565. Profit 11597 – 11565 = +32 points

Time Factor: SMS sent at 10:29 am, at 10:53 am NF made high 11598 and came down to 11563.

Clients got 24 minutes to active the call.

Price Factor: Short Level was 11597 NF made high 11598 and meltdown.

Risk::Reward = 2::32 = 1::16

Trade 3. Buy NF @ 11581 SL 11579 Targets 11670 (Booked at 11631). Profit 11631 – 11581 = +50 points.

Time Factor: Call sent at 01:36 pm. NF touched 11581 at 01:52 pm.

Got 16 minutes to initiate the call.

Price Factor: Buy level was 11581, after 16 minutes NF touched 11581 and reverse.

Risk::Reward = 2::50 = 1::25

Total effect = +40 +32 + 50= +122 points/lot.

Work analysis 06 September 2018

Trade 1: Book losses of positional short (holding short from 11527)@11548. Losses 11548 – 11527 = -21 points

Trade 2: Buy NF @11539 SL 11536.60. SL triggered. Losses 11539 – 11536.60 = -2.4 points.

Trade 3:  Sell NF @11504 Target 11470, after initiating the call NF made low 11470(was day’s low). Profit 11504 – 11470 = +34 points

Trade 4: Buy NF @11474 SL 11469.95 Booked 11582. Profit 11582 – 11474 = +108 points.

Trade 5: Sell NF @11562 (positional) …..

Total effect = -21 -2.4 +34+ 108 = 118.6 points/lot.

Work analysis 05 September 2018

Trade 1: Buy NF @11540 SL 11538.50Targetg 11577. SL triggered, losses 11540 – 11538.50 = -1.5 points.

Trade 2: Buy NF @ 11488 SL 11486.45 Targets 11526. SL triggered, losses 11488 – 11486.45 = -1.55 points.

Trade 3: Buy NF @ 11451 SL 11448.80 Targets 11489. Target achieved. Profit 11489 – 11451 = +38 points.

Trade 4: Buy NF @11477 SL 11474 Target 11527. Target achieved. Profit 11527 – 11477 = +50 points.

Trade 5: Sell NF @11527 SL 11533 (revised)…..

Total effect = -1.5 – 1.55  +38  +50=  85 points/lot.

05 September, 2018 à +85 points

06 September, 2018 à +118.6 points

07 September, 2018 à +122 points

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TOTAL à  326 POINTS

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