Trade setup for Tuesday | Market heading towards down

After a zig-zag momentum today Nifty Future may fall smoothly on Tuesday.

Tomorrow if Nifty Future fail to cross 11412/11418.90 level,

Then the index will start to correct straight way.

First support of the day is11209.80,

Below this crucial support of the day are 11165.

Vital support level of the week for Nifty Future is 10970 or 11965.

As yesterday written, any intraday bounce back is the good opportunity to go short.

At a falling market always use bounce back as entry for fresh short.

Every intraday traders should trade smooth – earn sure.

Nifty Correction – 4th Sep’ 2020

 

Hi Friends,

 

Good Morning,

If Nifty Future starts to trade below 11419 then next support is 11253.

At this scenario 11658.55 is looking quite impossible. From last 3 days writing about this hurdle.

And calculate that from this hurdle Nifty Future will start to fall again.

 

Disclaimer: This level is only for watch the market, not to trade. Before investment/trading please consult your advisor.

 

Note: We will meet on my YouTube channel within a very short period.

 

Tomorrow Correction May Continue

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

§  First resistance of Nifty Future is 8994.05

§  First  support is 8635.05

§  Crucial support is 8609.

06:26  pm, 17^th March, 2020

Nifty Fall May Start Again

Good Evening, wish you happy trading session tomorrow..

Key Support-Resistance level of Nifty Future

§  Vital support of the day is 10304.40;

§  Above 10537.80 or 10539.50 vital resistance are 10556.05.

07:52 pm, 11^th March, 2020

Nifty Future Fall

Good Evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

§  First resistance of the day is 10584.30;

§  Above this vital resistance is 10627.90.

§  First support if 10288;

§  If Nifty Future breaks the level of 10000, then the index may touch 9511.50

08:58 pm, 10^th March, 2020

Nifty Future Trading

Market Melting - Nifty Future Melting

                                                         

Good Morning and Wish You a Happy Trading Session ….

Every Index, equity is melting except India VIX. Nifty Future already melted 1200 points from life time high 11793. Fall of 10.18% within 23 trading sessions is the point where investors should be captious.

Melting

If Nifty Future anyhow closes below 10308 then the correction will turn to the black picture of 2008 – the great recession.

The main cause which motivate the market move:

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

India VIX Snapshot

OI at Option Trading

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

Yesterday Foreign Institutional Investors have sold 8148.12 Cr. and net trade value was -2760.63 Cr. From 01 October FIIs have net sold -7852.24 Cr. this is an alarming issue.

Although net trade value of Domestic Institutional Investors is 1823.59 Cr. but this buy failed to resist the fall.

India VIX Snapshot

Yesterday written: “Once this index crosses 19.1000 levels then Nifty Future will correct dramatically”

Yesterday India VIX made high 19.68 and markets melt like a piece of Ice under the sun.

OI at Option Trading

Most active PUT strike was 10500. And the contact added 44, 45,175.

Key Support-Resistance level of Nifty Future

Today below 10585 Nifty Future may take support at 10472—10460. From any support level Nifty future make a bounce back, but it will be a part of correction.

Nifty Future may face first resistance at 10699, above 10789 tough huddle is 10818---10875.

 

Overview

Today’s Overview:

At any reverse don’t jump to buy at long term view.