Nifty Future Bottom

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Key Support-Resistance level of Nifty Future

§  Crucial support of Nifty Future is 10771.65;

§  If the index breaks the support then may test 10612.90.

§  If the Nifty Future bounces back from the first support level, we can expect a short cover rally.

01:35 am, 9^th March, 2020

Nifty Future Bottom

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Key Support-Resistance level of Nifty Future

§  Vital support of Nifty Future is 12010.50 OR 12008.15 OR 12007.10

§  Crucial support is 11985

§  Above 12303 next hurdle is 12369.60 OR 12373.15 OR 12375.55

08:55 pm, 17^th February, 2020

Nifty Reverse Move

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Yesterday evening I have written about bounce back, from 11985 yesterday’s low Nifty Future made high 12185 today.

Key Support-Resistance level of Nifty Future

§  Vital support 12112.

§  Above 12244 Nifty Future will face next hurdle at 12303.

06:40 pm, 11^th February, 2020

Nifty Future Reverse Level

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Key Support-Resistance level of Nifty Future

·        Today I have written about the vital resistance 12425, Nifty Future made high 12419.20 and fall 167 points.

·        Tomorrow vital support of the day is 12222.95,

·        Crucial support of Nifty Future is 12187.75 or 12186.

·        If Nifty Future takes reversal from any of this support level, then we may witness a sharp round of short covering rally.

Nifty Trading Levels

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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 Tips Intraday

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Key Support-Resistance level of Nifty Future

If Nifty Future open below 11088 (yesterday’s high) then first support of Nifty Future is 11016.10.

Crucial support of the day is 10991.

Above 11113.15 next resistances are 11143.45----11157.75;

Above 11174.75 do not hold any short positions.

Nifty Future Tips

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Key Support-Resistance level of Nifty Future

Vital support of the day is 10968; crucial support of the day is 10939.45,

If Nifty Future breaks yesterday low and close below the level then may take next support at 10782 within couple of days.

Vital resistance zone of the day is 11209---11226.70;

Closings above 11393.75 don’t hold any short positions.

Nifty Trade View

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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 Reliance

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Key Support-Resistance level of Nifty Future

Yesterday written:

From any of resistance level correction of 205 points is quite possible.

Yesterday NF high was 11895 – low 11687 = 208 points.

Now below 11675.85 crucial support of the day are 11662.25.

If Nifty Future take a bounce back from level then a fresh rally may start.

Vital resistance of the day is 12049.60, above 12095/12107.45
 
very tough hurdle for today and tomorrow 12342.50.

Today’s Overview:

Overall trend is up till 23^rd May. After that a sharp correction is quite possible.

Reliance:  

Yesterday written:

“And close below 1334/1332 today may start bleeding.”

The stock makes low 1330 and reverses to 1367.

Vital resistance of Reliance (cash) is 1370/1372.35; fail to cross this level Reliance may start to melt down sharply.

Nifty Buy or Sell

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Key Support-Resistance level of Nifty Future

Vital resistance zone of the day is 11606---11628.55. Above this level Nifty Future may face tough hurdle at 11678.40.

Vital support of the day is 11548---11533.

Today’s Overview:

Yesterday written “From day’s low bounce back is possible” Nifty Future made low 11448.90 and reverse to 11578.

Today up move may continue.

Nifty Future Rally

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Key Support-Resistance level of Nifty Future

Vital resistance of the day is 115767---11576.80, closing above this Nifty Future may run to 11709---11729.80.

Vital support of the day is 11531.45---11521.70

Today’s Overview:

Rally may continue……

Nifty Future Behavior

                             

             

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On Friday Nifty Future opened flat with negative mood. After making day’s low at 10030 with sharp move, the Index tried to take a bounce back. And make day’s high at 10177.

But Nifty Future filed to sustain at high and meltdown again near day’s low.

From 11793 (life time high, made on 31 August’18) Nifty Future already corrected 14.95% (1763 points).

Today’s first half’s Nifty Future behavior will show the direction of next move.

Now question arise, is Nifty Future going to break 10000 today? 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

Foreign Institutional Investors have bought at 4230.17 Cr and sold 5587.37 Cr. on Friday.

 Domestic Institutional Investors have sold 2344.76 Cr. Against buy of 4220.65 Cr.

India VIX Snapshot

On Friday high of the Index was 21.04000 and low was 18.6600 (lower than previous close 18.9625).

If today the Index break 17.4990, then will confirmed the rally.

OI at Option Trading

Strike price of most active Nifty CALL was 10500, OI was 320, 18,175.

But most active PUT was 10000, and open interest was 34, 03,875. From last few sessions most active put option is 10,000. And Nifty Future yesterday made low 10073.

Key Support-Resistance level of Nifty Future

Above 10077.65 Nifty Future may face next resistance t 10101. Vital resistance of the day is 10142/10147.

Vital support of the day is 9885. Crucial support of the week is 9827.

Today’s Overview:

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

And today Nifty Future may break 10000 and bottom may be below 9900.