Trade tips tomorrow

 

At last three session’s rally pull Nifty Future 2.55% from recent low of 11202.

Friday’s session was sideways. As India VIX fall 2.59% from its previous day closing.

Nifty tips for tomorrow:

The vital support level, from which Nifty Future may take bounce back, is 11393(+/-1).

If so happened, then it will be clear indication that Nifty Future will touch 11533/11538 within first two session of the coming week.

If break 11383/11380 level then the index may test 11259 as immediate support.

Be connected to know the next levels.

Nifty – Dead Cat Bounce is Possible?

Key Support-Resistance level of Nifty Future

§  First support of the Nifty Future is 9203.95;

§  First resistance is 9283, above 9371.75 Nifty Future may touch 9498.50.

§  Any kind of intraday bounce back is good opportunity to go short.

Nifty Trading Today

Nifty Future Traded

                                                         

Good Morning and Wish You a Happy Trading Session ….

After four days straight correction Nifty Future made low 11437 yesterday. From life-time high 11793 already corrected 3.0187%. After opening Nifty Future have tried to move upside, touched 11563 and 11579 as days’ high.

Stock Exchange

But rupee hit life time low 71.96. this is the main reason of yesterday’s downfall. Although after hitting 11437 Nifty Future have tried to recover and mage to touch 11530.85 at end of the session.

Indian VIX is increasing continuously, yesterday made high 14.1525, bad sign for Bulls. Increasing of volatility is synonymous of market fall. The day before yesterday its high was 13.8800.

The most active put was 11400, open interest was generated maximum, was 38, 80,800. And most active call was 11600, total contracts was 30, 75,375.

When this post was written SGX Nifty was trading at 11541, up by 0.33%.

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11548. One Nifty Future cross it and stay for an hour may spark to touch 11653.75.

Below yesterday’s low key support is 11372.

work-sheet

Today’s Overview:

Keep eye on 11548. This may be the turning point. Today Nifty Future/Market may change its’ direction.

Work analysis of 05 September:

Yesterday provided total 5 calls. First and second call got stop losses triggered. And the losses were 1.5 and 1.55 points respectively. Third and fourth points gave profit of 38 and 50 points. Fifth call is holding with strict stop losses.