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 Moving To Peak

Key Support-Resistance level of Nifty Future

·        Vital resistance of the day is 12177.85 or 12180.50;

·        Closing above the mentioned resistance Nifty Future will run to touch 12309.20 or 12312.25;

·        From any resistance zone 2 to 3 days correction of 150 to 230 points is quite possible.

Nifty Future Tomorrow

Key Support-Resistance level of Nifty Future

§  If Nifty Future able to sustain above yesterday’s low 11991.15, then a bounce back is quite possible.

§  In that scenario next resistance is 12237.65/12244.85.

§  Crucial support is 11971.40---11964.

Nifty Trading View

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

§  If Nifty Future able to cross recent high 11682.40, then next resistance is 11875.20;

§  Tough hurdle to cross for Nifty Future is 11930.50 or 11932.

§  Below 11383 Nifty Future may take next support at 11148 or 11138.

Nifty Future Tips

Good Afternoon and Wish You a Happy Trading Session tomorrow….

Key Support-Resistance level of Nifty Future

§  Now vital support is 10825.

§  If Nifty Future break this level then may try to come down to touch 10785.15.

§  Below 10785 just wait to see the level 10753---10745.

§  Close below 10646.75 will prove the rumor of     RECCESSION is true.

§  Above 11001 next resistance is 11050.

Nifty Reliance ICICI Bank

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Below 11686.85 next supports are 11627.85. If Nifty Future closes below 11583.50 then the instrument may go dipper.

Vital resistance 11855, above this Nifty Future may try to cross the high 11859.

Today’s Overview:

Below 11797 corrections may continue.

          

     Reliance Industries may hit 1488 or 1514 at short term. If touch any one of the resistance then a midterm correction of this stock is quite possible.

Intraday resistance is 415, next vital resistance is 427.

                     From 427 ICICI Bank may take a small correction of 45 to 50 points.

                                       Short term vital resistance is 497.

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

Nifty Reversal Point

Market-Fall-and-Reverse

Good Morning and Wish You a Happy Trading Session ….

After negative opening Nifty Future continue down flow till mid session. Forming day’s low at 10073 the index reverse to 10175 (day’s high).

From 11793 (life time high, made on 31 August’18) Nifty Future already corrected 14.58% (1720 points).

Now question arise, what will be the reversal point of Nifty Future. From which support level it may take reverse.

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

Although yesterday’s net trade value (sell) was lower than previous day, but as usual Foreign Institutional Investors net sold -1495.71 Cr

 Domestic Institutional Investors have sold 7471.05 Cr. Against buy of 7810.65 Cr.

Last-Two-Day-Performance

India VIX Snapshot

At last session of October expiry India VIX made high 20.3300, and low was 18.8800, the index increased by 2.27% than previous session.

Today if fail to cross yesterday’s high then it will be the provider of strength to start a relief rally.

OI at Option Trading

Strike price of most active Nifty CALL was 10300, OI was 33, 19,275.

But most active PUT was 10000, and open interest was 45, 00,000. From last few sessions most active put option is 10,000. And Nifty Future yesterday made low 10073.

From 10200 to 10300 strikes (any resistance level, I have mentioned) Nifty Future may start melting. But 10000 level is acting as good support.

Key Support-Resistance level of Nifty Future

Above yesterday’s high (10175) next resistance is 10197. Vital resistance of the day is 10248. If Nifty Future crosses 10284 with volume, then it may touch 10319.90.

Vital support of the day is 10023.

If Nifty Future break 9958.75, then it may take vital support at 9848--9845.95--9843.

Today’s Overview:

If volume support then Nifty Future may form bottom today (for the time being). A reverse rally is on card.

From any resistance a small intraday correction is possible. From support level a relief rally may start.

Nifty trading strategy

Nifty Future Move

                                                         

Good Morning and Wish You a Happy Trading Session ….

After flat opening Nifty Future made high at 10216 and continued the correction mode throughout the session. From day’s low 10092 Nifty Future has take an intraday bounce back. And end at 10182.

Strategy

From 11793 (life time high, made on 31 August’18) Nifty Future already corrected 14.43% (1701 points).

This type of correction and pattern indicating that fall will be continue (but as part of any move a bounce back rally is natural)

Tomorrow is derivative expiry; this event may be the provider of strength of a pull back rally.

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

As usual Foreign Institutional Investors were on sell side yesterday. They have bought 4996.8 Cr. and sold 5337.15 Cr. the net trade value was -340.35 Cr.

 

Investments

 Domestic Institutional Investors have sold 4791.07 Cr. Against buy of 4907.48 Cr.

Type of trade was as regular, FIIs were at sell side and at opposite DIIs.

India VIX Snapshot

From last two days writing about the resistance 22.0300 as the resistance of India VIX, yesterday it made high of 22.3475.

Today and tomorrow volatility may increase, cause of Derivative Expiry.

 

Common question 

OI at Option Trading

Strike price of most active Nifty CALL was 10500, OI was 37, 04,975.

But most active PUT was 10000, and open interest was 36, 66,075. From last few sessions most active put option is 10,000. And Nifty Future yesterday made low 10092.

 If Nifty Future breaks the level then Panic selling will be stronger for sudden hours, a bounce back rally is on card.

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10227. If Nifty Future crosses 10284 with volume, then it may touch 10318(!). But chance is very remote.

This is not a bull phase, from any resistance Nifty Future melt down sharply.

 

Support

Below 9958.75 Nifty Future may take vital support at 9848/9845.95. Closing below the last mentioned support Nifty Future may take support at 9580. (Not today).

Today’s Overview:

If volume support then Nifty Future may form bottom today (for the time being). A reverse rally is on card.

 

Overview

Therefore your Nifty trading strategy should be short on intraday basis, and long for positional trade.

Except this tomorrow is derivative expiry, it may be the turning time.

Work sheet of 23 October:

Yesterday there were two calls. 1^st was sell Nifty Future at 10218, after 56 minutes of call delivered, Nifty Future made high 10216 and start to melt down.

 

Work-sheet

Second call was to sell Nifty Future at 10182, target was 10108, target achieved smoothly.

Nifty Future Trend

Nifty Future Trend – broken rally

Good Morning and Wish You a Happy Trading Session ….

From last three sessions Nifty Future is going upwards. From 10212 it reverses 2.72%. From very beginning the wave pattern shows that it was not a bull move. Total movement of last session was upwards,

Graph

Never show any weakness and made intraday high 10489 (I have predicted 10485).

Advance and decline ratio of Nifty 50 was 42:8. After that a sudden fall will be a great surprise to bulls.

“After this rally (intraday) question arise, is Nifty Future bottomed for the time being or this is a part of relief for Bulls.

Or, this is good opportunity for Bears to go short again?”

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

As usual Foreign Institutional Investors were at sell side yesterday. They have sold 7072.93 Cr. against 5976.88 Cr. of buying.

From 01 October FIIs have net sold -15365.96 Cr.

 Domestic Institutional Investors have bought 5347.23 Cr. against selling of 3454.29 Cr.

India VIX Snapshot

Yesterday India VIX made high 19.7550 as the market was moving up.

The index is moving almost near of its 52 week high (24.0350). If today cross 22.97 then be ready for another round of PANIC. 

At The TOP

Key Support-Resistance level of Nifty Future

Yesterday written about the vital resistance 10485, Nifty Future made high 10489.

Today below 10439/10414 vital support is 10430, If Nifty Future open below 10310 then next support is 10282/10270.

Single closing below 10092 Nifty Future may melt down to 10028/9055.

Above 10576.60/10577.80 Nifty Future may run to touch 10614.55.

Today’s Overview:

Yesterday written:

Wave pattern from 10212 to 10424 to 10291 we can predict it is not the preparation or starting of any Bull move, it is the part of a correction.

Therefore try to short at higher level. Strictly avoid accumulate long for short/long term.

Although market was going up from last three sessions, but I have written continuously this is not a rally, is a part of correction.

SGX Nifty

SGX Nifty at night session was down by 1.99% (-209 points). Today below 10310 there will be overall panic.

Work of 10 October’2018

Work-sheet

There was four calls, two out of four got stop losses triggered, and rest achieved the target. Total profit was +51 -2 -2 +53 = 100 points/lot.

Nifty Future today

Nifty at Yesterday’s Session

                                                         

Good Morning and Wish You a Happy Trading Session ….

Yesterday Nifty Future move to down slowly and steadily. Two attempt towards up was just part of corrective move.

predicting the market

At yesterday’s post I have written:

“From 25 September’s low 10909 to yesterday’s high 11149 the moving pattern is not too much hopeful for Investors. Quite possible of furthercorrection may take place to drag Nifty Future below 10909.”

And what happened? After making high at 11088 slowly Nifty Future has melt down to 10944.

Writing again:

According to behavioral finance trader will jump to buy and will be trapped at higher level. Till yesterday’s closing there is no sign of bounce back. Don’t mixed with bounce back and recover.

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

Yesterday buy value of  Foreign Institutional Investors was 8870.72 Cr and sell value was 8318.25 Cr, they have bought around 552.44 Cr, opposite of their last three trading day’s strategy.

On the other hand Domestic Institutional Investors bought 6559.62 Cr. and sell 6746.31 Cr...They were on sell side.

don't rush to invest 

Key Support-Resistance level of Nifty Future

Above 11025 nifty Future may run to touch 11050, tough resistance of the day is 11089.

If Nifty Future starts to melt below 10911/10906 then wait for 10886/10881….

Crucial support is 10861.

Today’s Overview:

Overview is same as like as  last two days. After a long term correcting when it seems that market is oversold then a conflict, an irritation does work in the mind of investors. It is natural, the fear, fear of losses change act strongly.

Nifty Live Price

Nifty at Yesterday’s Session

                                                         

Good Morning and Wish You a Happy Trading Session ….

After continuous correction Nifty Future has given some oxygen to Bulls buy a part recovery, although total move was zigzag. After making intraday high 11149 Nifty Future correct intraday at 11001. From there Nifty Future start to move up.

live-price

From 25 September’s low 10909 to yesterday’s high 11149 the moving pattern is not too much hopeful for Investors. Quite possible of further correction may take place to drag Nifty Future below 10909.

According to behavioral finance trader will jump to buy and will be trapped at higher level. Till yesterday’s closing there is no sign of bounce back. Don’t mixed with bounce back and recover.

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

Trading strategy of FIIs and DIIs is same from last three days. Foreign Institutional Investors were on sell side and, yesterday their net trade value was -809.95 Cr.

At opposite side Domestic Institutional Investors were on buy side. They have bought (net trade) was 1555.44 Cr.

VIX

India VIX Snapshot

India volatility index is now cool on the basis of its some day’s high movement. But any time it may be aggressive to be the provider of strength to fall the market.

Key Support-Resistance level of Nifty Future

Above 11177 Nifty Future will run to touch 11196/99 level within few minutes.  And 11213/11214/11215 zone will act as tough hurdle. May be we can see this level on October expiry.

Below 10888/10884 crucial support is 10861.

Prediction

Today’s Overview:

After a long term correcting when it seems that market is oversold then a conflict, an irritation does work in the mind of investors. It is natural, the fear, fear of losses change act strongly.