Nifty Future Mantra – 10th August’ 20

 

Hi Friends,

 

Good Evening,

Before discussing tomorrow’s view about Nifty Future, I think I should alert you that Nifty Future is very near of its 3^rd inner top.

If Nifty Future breaks recent low 10883.40, then I will change my view. In that scenario I will say Nifty Future already formed its 3rd inner top at 11343.40.

Let’s talk about tomorrow’s view.

Vital resistance of Nifty Future is 11290 or 11302. (Not 11290 to 11302, it means either 11290 or 11302).

If Nifty Future able to cross recent high 11343.40 then may run towards 11480+ (will update the exact level if require).

Vital support is 11184 or 11180.25.

Closing below of them the index may start to meltdown to 10984 (within the week not tomorrow).

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.

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 Trend

Key Support-Resistance level of Nifty Future

·        First resistance of the day is 12304---12305.75;

·        Above the mention hurdle next resistance is 12378.35.

·        Vital support of this expiry is 12452.

·        Intraday support is 12270.

·        Closing below this mentioned support level Nifty Future may take down to 12160—12152.50.

Nifty Trade Tomorrow

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

§  Tomorrow crucial support of Nifty Future is 10968.85 or 10965.30;

§  If Nifty Future breaks 10915.95, then just wait to watch sharp fall.

§  Above 11105.85, next resistance is 11133.75 Or 11138.50

§  If Nifty Future able to cross 11151 then may face next resistance at 11170 or 11178;

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 Future Trading

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital support of the day is 10919; below 10906 another round of panic may start.

Above 11150.75—11162.75 zone next resistance is 11287.55.

Closing above this level Nifty Future may run towards 11349.

Nifty Trade View

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital support of the day is 11394.75----11392.95; crucial support is 11385.15.

Above 11457—11460.90 next hurdle of Nifty Future is 11494.85—11505.

Above 11601 Nifty Future will run to touch recent high 11693.

Nifty Trading Tips

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Closing above 11237.40 Nifty Future may run to touch 11388.55.

But a healthy correction is overdue. It looks over-bought.

Today’s Overview:

Overbought condition is not good for fresh buy.

Nifty Trade View

Good Morning and Wish You a Happy Trading Session ….

After flat opening Nifty Future meltdown to 10511.95, the bottom of the day. On Thursday early morning (at 07:07 am) updated Blog that vital support is 10516.

From last three days the conclusion of a bear move is being confirmed.

From its up journey from 10030 Nifty Future already rallied 7.47%. Now the question arise is Nifty Future near of the TOP, if so then a sharp bear move is waiting. Coming BEAR move may melt down Nifty Future near 9900 level.

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

As on 22 November, Foreign Institutional Investors have bought 3402.36 Cr. and sold 2956.12 Cr. net trades were +446.24 Cr.

And Domestic Institutional Investors have sold 2245.28 Cr. Against buy of 2294.96 Cr. net trade values +49.68 Cr,

India VIX Snapshot

India VIX made high 20.0025 and low 17.0875 yesterday.  

Advance and decline ratio of the Nifty is 10:40

OI at Option Trading

Strike price of most active Nifty CALL was 10700, open interest add 38, 06,250

But most active PUT was 10500, and Open Interest was 29, 78,550,

Key Support-Resistance level of Nifty Future

Above 10561/10565 vital resistance of the day is 10604.45…..

On the down side Crucial support level of the day is 10454---10450.95….

Today’s Overview:

From first half’s high a sharp correction is on card.

Nifty Future Today

Good Morning and Wish You a Happy Trading Session ….

After a flat opening Nifty Future very slowly touch 10632 and slipped  to 10586, after that made day’s high at 10680 and again fail to sustain above. Melt won to 10616.

From couple weeks movement of Nifty Future is very slow, at 31^st October Nifty Future made low 10111 and reverse to 10419, to total intraday rally of 308 points.

1^st November Nifty Future open at 10440 made low 10346 and reverse to 10447. Total journey was of 195 points. But from couple of days this is very slow. And volume less session never attracts day traders.   

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

Yesterday Foreign Institutional Investors have bought 6077.91 Cr. and sold 4034.85 Cr. net trades was + 2043.06 Cr., huge buy after a long time.

Domestic Institutional Investors have sold 3449.92 Cr. Against buy of 3284.61 Cr. net trade values -165.31 Cr,

India VIX Snapshot

India VIX made high 18.9150 and low 15.4975 yesterday.

Advance and decline ratio of the Nifty is 29:21, average trade tendency.

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 30, 59,775

But most active PUT was 10600, and Open Interest was 18, 07,800

Key Support-Resistance level of Nifty Future

Above yesterday’s high (10680) Nifty Future will run to touch 10771.95.

Below 10608.85 next vital support of the day is 10546.65.

Today’s Overview:

If open above 10616 and cross 10680 without break the low, then a sharp intraday rally is on card.

Nifty Trading View

Good Morning and Wish You a Happy Trading Session ….

At Muhurat trading Nifty Future opened with positive node with gap-up and through the 60 minutes session it hold its up moving tendency.

From couple of day writing about the rally, those are regular read of my posts have noticed it. From 10030 Nifty Future already made high 10648, net 618 points of rally.

But after predict the wave pattern it is clear that the move will continue its journey more. And we can see Nifty Future is touching 11179 very soon.

But one factor is 10716. It closes about it then the mentioned top is possible.

Conflict after sudden direction change

When Market changes its direction suddenly then generally a conflict raised. After 14.96% of fall through 35 trading days, when Nifty Future reverse 6.16% within 9 trading days then generally a controversy took place.

Is the Index already made bottom? Or this is the beginning of a fresh Bull move. This is the point of conflict.

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

On Muhurat trading Foreign Institutional Investors have bought 66.5 Cr. and sold 53.38 Cr. net trade was +31.02 Cr.

Domestic Institutional Investors have sold 3.85 Cr. Against buy of 30.96 Cr.

India VIX Snapshot

India VIX made high 18.5050 and low 16.8100 yesterday. Volatility is not increasing in parallel with the Index.

Advance and decline ratio of the Nifty is 48:02 (almost one sided).

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 24, 28,275

But most active PUT was 10600, and turnover was 15, 00,600 from last two sessions the range of most active options is same.

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10665, above this Nifty Future will jump to touch 10716. Single closing above this Nifty Future will rally to 10940.25---10963.95

Below 10638.90---10632 Nifty Future may fall down to 10550---10501.

The move may continue more (will update timely)…..

Today’s Overview:

From any of mentioned resistance level (first two) Nifty Future may take one or two days correction. But to create new top the index will run more.