Nifty Future Trading

Good morning, wish you happy trading session.

Key Support-Resistance level of Nifty Future

 If cross recent high 12412.50, then next resistance of the day is 12425.40 or 12427.25;

Crucial support of Nifty Future is 12301 or 12300.40.

05:55 am, 20^th January, 2020

nifty future price

Nifty Trade at last session

                                                         

Good Morning and Wish You a Happy Trading Session ….

Nifty Future continued its fall season at fourth consecutive days, and Friday’s fall was sudden and sharp. From intraday’s high 11385 Nifty Future fall 3.3377%, at last hour it recover 1.93% from day’s low 11005.

Reversal Point

From last four day writing don’t trapped at higher level.

Today’s Overview:

“First half’s move will towards upside. If volume support then may face hurdle around 11505. It may be a turning point”

                                                                     ---14/09/2018

Today’s Overview:

“From any resistance a sharp correction is possible. Don’t be trapped at higher level”                                                           ---17/09/2018

Today’s Overview:

“Any pull back is good opportunity to go short (intraday).Below 11458 markets is week only”                                              ----18/09/2018

Today’s Overview:

 “Becautious and wait at side line for fast half of session.”

                                                              ---21/09/2018

“At 12:34 pm Nifty Future made high 11385 and start to fall sharply,”

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

Look at the volume was created only by FIIs and DIIs, almost 3 times greater than average. FII bought at last trading session 15442.5 Cr. against sell 14681.8 Cr. And Domestic Institutional Investors have bought 6336.8 Cr. against sell 5839.05 Cr. both Institutions were on buy side.

India VIX

India VIX Snapshot

Opened at 14.0050 and made high 16.9200, and close at 15.5315. Indicating more fall. I have written several times that increase of India VIX is signal of correction in Market.

Key Support-Resistance level of Nifty Future

Above 11234 very vital resistance is 11259(11258.72), if touch this level and fail to break then Bulls be cautious. A sharp fall may take place. If cross the mentioned resistance level and close above the level the may touch 11322 within two sessions.

Below 11155 may fall to 11058 without any support. Single closings below 11026/11024 just wait for 10861.

Overview

Today’s Overview:

From any resistance (out of two) a sharp fall is quite possible. If cross 11259 then huge short covering will pull back market steadily.

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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