Loss Covering Trade of Nifty

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

§  First support of the day is 10978.10;

§  Crucial support of Nifty Future is 10920.50.

§  First resistance of the day is 11306.25.

05:35 pm, 2^nd  March, 2020

Nifty – Profit Making Trade

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

§  Vital resistance of Nifty Future is 12176;

§  Above 12237.60  Nifty Future may face hurdle at  12374.95 OR 12375.75

§  If break today’s low (12048.80) then the index may face new PANIC selling.

10:02  pm, 19^th February, 2020

Nifty Trading Levels

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Below 10893 next vita support is 10838;

Crucial support of the day is 10750.

Today also correction may continue.

Next trade reversal day is 3^rd September’19.

Above 11040 there is a chance of reversal towards upper side.

Nifty Trade Today

Nifty Trade at last session

                                                         

Good Morning and Wish You a Happy Trading Session ….

After Wednesday’s last hour move and Friday’s steady up move Nifty Future able to recover 2.319% from 11297 to 11559. I have written at last two days ---“this up move may be a turning points” --: “from any resistance level a sharp correction is possible, don’t trapped at higher level”

Bear play

Just look what happened, just look what happened, and within one trading day Nifty Future melts down from 11559 to 11392.yesterday Nifty Future never tried to take a bounce back, always move was ready to sleep below.

Yesterday Foreign Institutional Investors’ (FII) net trade value was -106.54 Cr. and Domestic Institutional Investor’s (DII) net trade value was -180.36 Cr. both intuitions were on sell side.

India VIX jump from 11.7300 to 14.6350, and was the strength provider to correct the market. Today above 14.7800 and stay above then correction may be steadier.

Key Support-Resistance level of Nifty Future

Below yesterday’s low 11372 Nifty Future may take next support at 11342, Single closing below 11325 may drag Nifty Future to 11224.

A bounce back from any support level may pull Nifty Future to 11392/11396, above this 11422/11427.

Today’s Overview:

Any pull back is good opportunity to go short (intraday).Below 11458 markets is week only.

Trade 17 Sep'2018

Trade of 17^th September’2018:

Positional traders (Clients) are holding Nifty Future short positions from 11445.60 with SL their entry.

Risk n Reward ratio