Nifty Reversal Levels

Good Morning and Wish You a Happy Trading Session ….

Ø  On Friday Nifty Future made high 1077 at the end of the session.

Ø  Now the index has to come down to fulfill the wave.

Ø  As earlier I have written: Next trade reversal day is 3^rd September’19.

Ø  Therefore the index has to come down, and it is ineluctable.

Ø  But news of economic slowdown will rush or give more power to come down Nifty Future.

Ø  And from days low it may take bounce back today.

Key Support-Resistance level of Nifty Future

ü  Vital support zone is 10753---10745 -- 10734.

ü  Close below 10646.75 will prove the rumors of  RECESSION is true.

Nifty Reliance Blue-Star

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Key Support-Resistance level of Nifty Future

Above 11361.35 Nifty Future may face tough hurdle at 11398---11401.

Below 11298 next vital support zone is 11275.65---11266.. if today correction continue then reversal may occurred at 26^th July.

Reliance Industries:

Vital resistance o the day is 1308.75; if cross the level then the stock may touch 1334 (!).

Vital support at 1284; if break the support then sudden down move may pull the stock price below 1227.

Blue Star Limited:

If this stock able to sustain above 745.75 today, then may face tough hurdle at 771.

Nifty Future Bottom

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Key Support-Resistance level of Nifty Future

Above 11385 next vital resistances is 11413-11415.

Below 11303—11291; another  round of panic selling may start .

Nifty Future Trade

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Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11592—11596.

Below 11514 next vital supports are 11460.50. Crucial support of Nifty Future is 11426.

But correction may continue. Any bounce back is good opportunity of create fresh short positions.

Nifty Future Tips

Key Support-Resistance level of Nifty Future

If Nifty Future opens below 11861 then vital support is 11826. Crucial support of the day is 11780.

Vital resistance of the day is 12185.75 above this tough hurdle is 12225.65

Nifty- Reliance

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Key Support-Resistance level of Nifty Future

Vital resistance of the day is 12141.85 or 12148.20.

Vital support of the day is 11821---11815.

Today’s Overview:

From days high a sharp correction is quite possible.

Reliance:  

From couple of days writing about the vital resistance of Reliance Industries is 1363. Yesterday the stock made high 1367.

Now today if fail to cross the high then another round of panic selling may start.

Nifty ICICI Bank

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Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11882---11889. If Nifty Future start to trade above 11933, then will try to cross 12035.80.

Below 11794.25 next vital support of the day is 11779.50. If Nifty Future break this level with volume then, wait for 11750-----11707.

ICICI BANK:

If volume support this stock may hit 442.55 within three sessions.

From the level this stock may correct around 40 points.

Nifty Trading Tips

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

If Nifty Future open below 11283 then may meltdown to 11178.50, closing below the level the index may take support at 11013.60 to form the bottom.

If Nifty Future open above 11288 and start to reverse then fi4rst hurdle would be 11384. If cross or close around 11598.20 (within 2 sessions) then it is good for Bulls.

Nifty Intraday Call

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

The day before yesterday I have written, 1 to 3 day’s correction is quite possible, yesterday was the 2^nd day Nifty Future continue melting.

Today vital support is 11570.70; below 10507 next supports are 11482.

From day’s low 150 to 160 points reverse is possible.

Today’s Overview:

Wave structure suggesting this correction may continue.

Nifty Future Trend

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Key Support-Resistance level of Nifty Future

Vital support of the day is 11418; crucial support of coming two day’s is 11367.

And vital resistance is 11503.

Today’s Overview:

Trend (intraday) is down, but move will be volatile.

Nifty Tips Today

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Yesterday written “Vital resistance of the day is 11131.85”

Nifty Future made high 11129.70

Now above 11143.95 next vital resistances are 11202.75

AND

Vital support is 11048.30----10989.70…..

Today’s Overview:

From days high a sort term correction may start.

Vital resistance of Reliance (cash) is 1280.65----1303.10/1303.40

AND

Vital support is 1251.10……1238---1228

Below 1210.30 Reliance may take crucial support at 1197.50---11088---1165.55 (Best Buy).

Disclaimer: This is not any investment recommendation; we are sharing our views only.

Nifty Future

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Despite of big reason to fall (Pre Amative Non Military Strike) Indian market absorbed the shock.

After a small correction (from 10896.90 to 10725.15), Nifty Future reverse near previous day’s high 10896.90.

Key Support-Resistance level of Nifty Future

Above 10960.95 next vital resistance of the day are 10993. Closing above the mentioned level Nifty Future may run to touch 11095.40

Vital support may be 10813---10809.

Today’s Overview:

If not break 10808 then overall trend may upside.

Nifty Future Rally

Good Morning and Wish You a Happy Trading Session ….

From last three sessions Nifty Future is melting continuously. At 25^th and 28th of January 2019 written from day’s high s sharp correction is possible.

And yesterday I have written from day’s low Nifty Future may take a bounce back (intraday). Nifty Future made low 10597.70 and reverse to 10706.

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

Yesterday Institutional Investors have bought 5958.38 Cr. and sold 6312.74 Cr. net trades were -354.36 Cr.

And Domestic Institutional Investors have bought 3740.77 Cr. and sell of 3639.5 Cr. net trade values +81.70 Cr,

India VIX Snapshot

 Yesterday INDIA VIX made high 19.7950 and low 18.0400 (increasing)

Advance and decline ratio of the Nifty was 31:19

OI at Option Trading

Most active CE was 10,900, and OI was 38, 33,175. And active PUT strike was 10500, OI 27, 01,950.

Key Support-Resistance level of Nifty Future

First resistance of the day is 10732.80….Above 10748 next vital resistances may be 10865.65

Below 10661 next supports are 10603. Once Nifty Future break 10597.70 then may melt down to 10549.30

Today’s Overview:

Mentioned 2^nd resistance may be the direction changer.

Nifty Future Buy Sell

Good Morning and Wish You a Happy Trading Session ….

On Friday writtenfrom day’s high a sharp correction is quite possible. At 09:20 am Nifty Future made high 10955. From there till end of the session Nifty Future has correct 193 points.

Written about the support 10748.95, Nifty Future made low 10761.65.

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

On Friday Foreign Institutional Investors have bought 5042.36 Cr. and sold 4353.08 Cr. net trades were +698.28 Cr.

And Domestic Institutional Investors have bought 3118.67 Cr. and sell of 3266.02 Cr. net trade values – 147.35 Cr,

India VIX Snapshot

 Friday INDIA VIX made high 18.1400 and low 14.3650

Advance and decline ratio of the Nifty was 18:32

OI at Option Trading

Most active CE was 11,000, and OI was 44, 32,125 (increasing). And active PUT strike was 10800, OI 32, 73,850.

Key Support-Resistance level of Nifty Future

Below 10748 next support of the day is 10709—10706. Below 10697 next crucial supports are 10609.

Vital resistance of the day is 10854.75; above this game changer may be 10894.50.

Today’s Overview:

If Nifty Future open at gap-up then from first half’s high a sharp correction is possible.

Nifty Future Live

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After an average opening, Nifty Future made high 10924. From couple of days the Index moving very small, and looking over bought.

After analyzing the wave patter it is quite clear that a correction of 400 to 410 points is on card.

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

Yesterday Institutional Investors have bought 3220.76 Cr. and sold 3281.71 Cr. net trades were -60.95 Cr.

And Domestic Institutional Investors have bought 2421.03 Cr. and sell of 2497.87 Cr. net trade values – 76.84 Cr,

India VIX Snapshot

India VIX made high 15.9125 and low 13.8675 on yesterday.

Advance and decline ratio of the Nifty was 34:14

OI at Option Trading

Strike price of most active Nifty CALL was 11000, OI was added 44, 42, 175. And most active PUT was 10800; IO was 41, 18,475.

Key Support-Resistance level of Nifty Future

Today vital resistance is 10935(10934.55) ----10937.65---10940.59

And major support of the day is 10805.75 below that 10792.65.

Today’s Overview:

If open below yesterday’s high (10924) and fail to cross the hurdle within one hour of opening then a sharp correction quite possible.

If open around the hurdle and cross the level then may run small to touch mention resistance.

Nifty Intraday Tips

Good Morning and Wish You a Happy Trading Session ….

At last hour of session (02:48 pm) we recommended our clients to go short Nifty Future @10747 on Friday. Yesterday Nifty Future opens below 166 points of our entry.

Through the session Nifty Future continue breaking the supports, and end of the session made low 10500.

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

Yesterday Institutional Investors have bought 4041.44 Cr. and sold 3925.22 Cr. net trades were +116.22 Cr.

And Domestic Institutional Investors have bought 3585.42 Cr. and sell of 3731.22 Cr. net trade values -145.8 Cr,

India VIX Snapshot

India VIX made high 20.6450 and low 16.8900 on yesterday.

Advance and decline and unchanged ratio of the Nifty was 05:44:1

OI at Option Trading

Strike price of most active Nifty CALL was 11000, OI was 47, 65,425. And most active PUT was 10000, OI was 45, 42,525.

Key Support-Resistance level of Nifty Future

Below 10497 vital supports is 10481.Crucial support of the day is 10452.95. Closing below 10422 another round of Panic will be start.

From first half of session a bounce back of 60 to 68 points is possible. And from days low a small rally of 150 points is quite possible. But every up move is good opportunity to accumulate fresh short positions.

Today’s Overview:

Overall down, two intraday bounce back is possible,