Nifty Future Intraday trading

Nifty Stocks done on Tuesday

                                                         

On Tuesday Nifty open with a positive node, visa-vise Nifty Future do same, after opening it run to touch 11436, but fail to stay -  after few points correction come down to 11408, and sharply bounce back to form days’ high 11478.

bulls-bears

Tuesday written about India VIX, elaborated how market fall is related with this Index. Friday’s average was 12.6775, Monday it increased to 13.3750 and down fall in the market go stronger, at last trading session high was 13.4200.

On last trading session FII net trade value -378.84 Cr., on Monday it was -971.86 Cr. And DII net trade value +391.47 Cr. At last three trading sessions FII off loaded 1861.36 Cr.

Indian Rupee hit 70 to the USD first time on Tuesday, experts says the main reason of tension at Turkish Lira after the United States imposed tariffs on import duty on Steel and Aluminum.                    

currency chart

Is this the only reason? Look at the chart below, from 2014 to 2015 decreased the value at ratio 1.051%, 2015 to 2016 at the ratio 1.0476199% and 2017 to 2018 Aug by 1.0752348%.

      

last five years exchange rate

This is clearly indicating the continuous decreasing tendency, one sudden incident never take the whole responsibility.

 Trading Tips Intraday Nifty Future

Now what is going today?

From two days continue correction (10.08.208 to 13.08.2018) market bounce back on Tuesday. It gives some relief to the traders who are in long side. But already written about the 11490, below this level Nifty Future is overall week.

Today will keep eye on 11414/11413, if Nifty Future break it then huge volume will be generate to the down side. Last hope for bull is 11372.

Below 11318 next crucial support is 11268.75….

On the other hand if able to stay above 11414/11413 and cross 11478 (Tuesday’s high) then may face next resistance 11509.

 To download the app of “A1 nifty tips” please click the app for the step guide

app