Nifty Trade yesterday
Good Morning and Wish You a Happy Trading Session
….
At the first day of expiry week Nifty Future continue the trend of
making new high. Yesterday’s high was significant because after making fresh
high 11712.90 it close at fresh high price 11705.35.start from the base 9960 Nifty
future already run 17.57% to 11712.90.
Indian VIX
On Friday low of India VIX was 9.4300, from Friday’s low 11541 Nifty Future jump
higher 1.48947% to 11712.90 but VIX low
was 9.5150, upper range from Friday’s low.
This is indicating Nifty is near of a Top of a mild correction is
over-due.
FII and DII activities on NSE
Yesterday Foreign Institutional Investor’s net
trade value was 252.52 Cr. And Domestic
Institutional Investor’s net trade was 1117.24 Cr. And at last two trading
session DII’s net bought 2021.99 Cr. This is a key factor of
increase of Nifty 1.4894% jump from Friday’s low to Monday’s high.
Most active Call and Puts.
At last trading session on Call side maximum open interest was
generate was at the strike 11700 (28, 05,450). On the other hand most contract
created on 11500 price (38, 54,750).
Today’s Overview:
After analyzing the three key factors it is clear that a mild
correction is overdue. And this will be a healthy correction. Investors should
start some profit booking a correction around 150 points is quite possible.
Nifty Future is going to day
Very vital resistance of the day is 11766.77. above this Nifty
Future may face tough hurdle at 11786-11789.and NF should make it’s high with
in first hour of the session.
Nifty future may test support level at 11731/11727, below this
11706 it a vital support. Crucial support of the week (before expiry) is
11617/11615.
Yesterday’s Trade:
Yesterday at 01:39 pm we
delivered the Call “Buy NF @11682 SL 11679 (just 3 points) Intraday target 11707
Positional Target #####”
 |
| Nifty Future Graph |
Time Factor: 01:39 pm to 02:03 pm, 22 minutes to got the
initiate the call.
Price Factor: Told to Buy @11682, NF made low 11681.68 and reverse.
Risk::Reward: SL was 3 points intraday Target was 25 points.
3::25=1::8.333
