Nifty & Stock Correction

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Yesterday written:

“If Nifty Future close blow 10901, then witness of Panic selling.”

After breaking 10901 Nifty Future fall 209 points from day’s high.

Now keep close eye at 10708. If the index able to sustain the level, then up move can pull Nifty Future till 10874 within 2 days.

If beak and start to trade below 10708 then just wait to see 10545.30;

Nifty Future may touch 4 digit values. at next expiry. 

Nifty Trading Today

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Below 10951 vital support of the day is 10903.

If Nifty Future breaks 10903, then witness of Panic selling.

If Nifty Future break 10806.90 and single close below this level then be ready to see Nifty Future at 4 digit values.

First resistance zone of the day is 11096.50---11108.50;

Vital resistance of Nifty Future is 11139.

Nifty and UPL

Key Support-Resistance level of Nifty Future

Vital support of the day is 11931.30, Below 11913 crucial support of the day is 11901.45.

First resistance of the day is 12007.55: After crossing and closing 12039---12070, Nifty Future may touch 12130.55 within this week.

UPL:

Above recent high 1043.75 the stock will rush to touch 1123.95, but this is not the end.

UPL (NSE Code:  INE628A01036) will run more….

Nifty and Lupin

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Yesterday written:

Vital support of the day is 11858.80; Nifty Future made low 11856.50 and reverse.

Now above 11979.85 or 11983.40 tough hurdle to cross are 12035.80.

If Nifty Future fails to cross 12035.80 then wait for another round of panic.

Lupin:

Vital support of the day is 685/683…..Closing below the mentioned level the stock will take next support at 610.20 within next month.

And hurdle may be 756/762 (intraday). If Lupin fail to cross the level, then the stock may start to melt down.

Nifty Future Trend

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

·        Yesterday mentioned about the vital resistance 12049.60, Nifty Future made high 12070 and melt down 429.85 points.

·        Today above 11825.65 vital resistances is 11897.

·        If so happened and Nifty Future fail to cross the hurdle then wait for another round of sharp correction.

Today’s Overview:

.Yesterday written:

“…. a sharp correction is quite possible. Today market will be very volatile.”

Nifty Future corrected 429.85 points.

Nifty Lupin Intraday

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

First support of the day is 11225; below 11202 crucial support is 11191.75. Once Nifty Future break yesterday’s low (11138) then bottom may be 11013.60.

Vital resistance is 11380/11382.

Today’s Overview:

If fail to cross 11380/11382 then another round of panic may start.

Lupin, “Crucial support of the day is 861.55/859.75, if break 855 then panic may destroy the rally.”  ----05:30 AM, 06/05/2019

On the same day Lupin made low 852.05, as rally was ended, the day before yesterday this stock made low 783.10.

A reverse move pulls the stock at 817.35 yesterday. Now today if fail yesterday’s high (817.35) or 817.65 then another round of panic may push Lupin around 731.

Nifty Future Tips

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

On 23^rd April Nifty Future made low 11573.50, from that day a reverse rally (although the move was zig-zag) pull up the index to 11835.50.

From that day till yesterday Nifty Future is trading within a range. Written earlier that rally was a reverse rally, so Nifty Future trend is towards down.

Now below 11573.50 (the lower bottom) movement will be clear.

Nifty PC Jeweller Lupin

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

No change of Nifty Future levels:

Below 11700.55 next crucial support is 11684.25.

And above Friday’s high Nifty Future will run 11868.90, once the index fail to cross cross 11885.15 to 11896.60, then a sharp correction is quite possible.

Lupin, yesterday written vital support 867 and resistance 885

The stock made low 867 and reverse to 884.

Now what? Vital resistance is 891/898 and vital support is 877.  The stock may run upto 916.45

                                    Just now don’t hold this stock for long term prospects.

PC Jeweller:  Vital support is 106.75; if the script takes support and start to bounce back then it may be the bottom for the time beings.

Nifty Trading View

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

First resistance of the day is 11493, if Nifty Future start to trade above 11533.50 then may jump to 11565.25…….

Below Friday’s low next support of the day is 11395.85, below 11363.30 PANIC may destroy the bull move.

Today’s Overview:

Wait for clear indication, enter intraday with strict stop losses.

Nifty Future Tips

Good Morning and Wish You a Happy Trading Session ….

On Friday after making day’s high at 11023 Nifty Future melt down straight 188 points.

End of the session the index has tried to recover some, but it was a bounce back of a falling object.

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

On Friday Institutional Investors have bought 7118.42 Cr. and sold 5802.53 Cr. net trades were + 1315.89 Cr.

And Domestic Institutional Investors have bought 4024.98 Cr. and sell of 4030.05 Cr. net trade values – 5.07 Cr,

India VIX Snapshot

 On Friday INDIA VIX made high 17.1850 and low 15.5450

Advance and decline ratio of the Nifty was 34:16

OI at Option Trading

Most active CE was 11,000, and OI was 31, 56,525. And active PUT strike was 10700, OI 29, 69,700.

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10935.50. If Nifty Future cross 10973.95 then may cross recent high 11023.

Vital support of the day is 10786.80. Below this next support are 10730.35. (This is not the end)

Today’s Overview:

Below 10973.95 overall trends is down.

Nifty Trading View

Good Morning and Wish You a Happy Trading Session ….

 Yesterday after opening at positive note, Nifty Future maintains the up motion. Despite of two very small corrections Nifty Future gained 148 points through the session.

From days high some profit booking is quite possible.

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

Yesterday Foreign Institutional Investors have bought 4248.73 Cr. and sold 4089.13 Cr. net trades were +159.6 Cr.

And Domestic Institutional Investors have bought 3712.9 Cr. and sell of 3295.46 Cr. net trade values + 417.44 Cr,

India VIX Snapshot

 Yesterday INDIA VIX made high 16.1575 and low 12.9925.

Advance and decline ratio of the Nifty was 46:4

OI at Option Trading

Most active CE was 11,000, and OI was 40, 54,650. (Decreasing) And active PUT strike was 10700, OI 40, 40,850 (increasing).

Key Support-Resistance level of Nifty Future

Above 10944—10951 zone next resistance is 10970.65---10975.25

Vital support of the day is 10913.

Today’s Overview:

From days high an intraday correction is possible.

Nifty Intraday Call

Good Morning and Wish You a Happy Trading Session ….

 From last couple of days, I am writing about the hurdel10940. Yesterday Nifty Future made high 10940 at the end of the session.

After analyzing the wave patter it is quite clear that a correction of 350 to 360 points is on card.

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

Yesterday Institutional Investors have bought 4353.14 Cr. and sold 4208.38 Cr. net trades were + 144.76 Cr.

And Domestic Institutional Investors have bought 2618.05 Cr. and sell of 2800.65 Cr. net trade values – 182.6 Cr,

India VIX Snapshot

India VIX made high 15.3125 and low 11.9825 on yesterday.

Advance and decline ratio of the Nifty was 33:17

OI at Option Trading

Strike price of most active Nifty CALL was 11000; OI was added 44, 1502. And most active PUT was 10800; IO was 41, 12,925.

Key Support-Resistance level of Nifty Future

If Nifty Future open or cross yesterday’s high 10940 then may face next hurdle at 10953.70-----10965.50.

Below 10905.48 Nifty Future will take next support at 10871.19.below 10829 next vital support of the day is 10795.32.

Today’s Overview:

If open below 10905 then possibility of a sharp correction will be strong.

Nifty Stock Tips

Good Morning and Wish You a Happy Trading Session ….

After open at deep red, Nifty Future reverses sharply yesterday. Making days low at 10352.10 the index rallied 255 points through the session. And make high 10607.

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

Yesterday Institutional Investors have bought 3763.76 Cr. and sold 6184.82 Cr. net trades were - 2421.06 Cr.

And Domestic Institutional Investors have bought 5183.38 Cr. and sell of 2927.6 Cr. net trade values + 2255.68 Cr,

India VIX Snapshot

India VIX made high 20.4375 and low 17.2025 on yesterday.

Advance and decline ratio of the Nifty was 38:12

OI at Option Trading

Strike price of most active Nifty CALL was 10800, turnover was 26, 06,902.03 lacks. And most active PUT was 10000, turnover was 22, 36,692.14 lacks.

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10612. If Nifty Future open above this then may run around 10747.

If Nifty Future open below 10607 then first support of the day is 10463.25 below this 10402 will act as vital support. If Nifty Future breaks 10323.35 then just wait for 10056.95.

Today’s Overview:

If open below 10607 then may correct heavily.

Nifty Tips Intraday

Good Morning and Wish You a Happy Trading Session ….

From 1st November’2018 writing about that next TOP is going to be 10665, and from this hurdle 2-3 days correction is on card. Look what happened, yesterday Nifty Future made high 10664.60 and melt down 175 points.

After a flat opening Nifty Future hit 10664.60 and start to fall straight, after making base at 10585 it tried recover some, but it was part of a move.

At the end of the day Nifty Future made low 10490.

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.

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

Yesterday Foreign Institutional Investors have bought 4499.38 Cr. and sold 3667.23 Cr. net trade was + 832.15, at last two trading sessions FII total bought +1446.29 Cr.

Domestic Institutional Investors have sold 3128.32 Cr. Against buy of 2054.38 Cr. net trade values -1037.84 Cr, sum of last two trading sessions sold amount is -1375.12 Cr.

India VIX Snapshot

India VIX made high 19.4625 and low 16.4750 yesterday.

Advance and decline ratio of the Nifty is 09:41

OI at Option Trading

Strike price of most active Nifty CALL was 10700, open interest add 31, 09,050

But most active PUT was 10500, and Open Interest was 21, 60,675

Open position of Nifty Future is increasing from last nine days, but volume or market participation is decreasing.

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Key Support-Resistance level of Nifty Future

Above 10535 very vital resistances are 10568. Once Nifty Future crosses 10680 then will jump to hit 10716 with in the session.

Below yesterday’s low (10490) vital support is 10465, Crucial support of the day is 10442.

Today’s Overview:

Yesterday written:

“From any of days high a small term (2-3 days) correction is quite possible.”

Look what happened, after making top at 10665 it starts to melt down and made base 10490.

Today from base a sharp bounce back is quite possible.