Showing posts with label nifty trading tips. Show all posts
Showing posts with label nifty trading tips. Show all posts

Monday, September 14, 2020

Nifty Trading Tips

 

What the Nifty has done today:

 

After four day’s rally the index hold at 11568.95. Although it is a reverse point or not, will be clear tomorrow.

 

What we missed today:

Today we have missed two big opportunity.

Number one: Short Nifty Future @11590, but Nifty Future made high 11568.95 and fall sharply.

Day’s low was 11395.

 

Number two: Short 24 Sep’2020 11400 CE @ 248, the instrument made high 246 and made low 156.

 

Nifty Future Tomorrow:

 

Vital support of the day is 11324.95.

Closing below 11277 the index may take next support at 11143.95

From any support level Nifty Future may bounce back around 180 points.

 


Tuesday, March 12, 2019

Nifty Trading Tips



nifty future prediction

Good Morning and Wish You a Happy Trading Session ….


Key Support-Resistance level of Nifty Future

Closing above 11237.40 Nifty Future may run to touch 11388.55.

But a healthy correction is overdue. It looks over-bought.

past performance of March

Today’s Overview:

Overbought condition is not good for fresh buy.

Friday, November 09, 2018

Nifty Trading View


near top so correction due


Good Morning and Wish You a Happy Trading Session ….

At Muhurat trading Nifty Future opened with positive node with gap-up and through the 60 minutes session it hold its up moving tendency.

From couple of day writing about the rally, those are regular read of my posts have noticed it. From 10030 Nifty Future already made high 10648, net 618 points of rally.

But 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.


When Market changes its direction suddenly then generally a conflict raised. After 14.96% of fall through 35 trading days, when Nifty Future reverse 6.16% within 9 trading days then generally a controversy took place.

Is the Index already made bottom? Or this is the beginning of a fresh Bull move. This is the point of conflict.

Foreign investors


On Muhurat trading Foreign Institutional Investors have bought 66.5 Cr. and sold 53.38 Cr. net trade was +31.02 Cr.


Domestic Institutional Investors have sold 3.85 Cr. Against buy of 30.96 Cr.


India VIX made high 18.5050 and low 16.8100 yesterday. Volatility is not increasing in parallel with the Index.

Advance and decline ratio of the Nifty is 48:02 (almost one sided).



Strike price of most active Nifty CALL was 10800, open interest add 24, 28,275

But most active PUT was 10600, and turnover was 15, 00,600 from last two sessions the range of most active options is same.


Investment Advice

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10665, above this Nifty Future will jump to touch 10716. Single closing above this Nifty Future will rally to 10940.25---10963.95

Below 10638.90---10632 Nifty Future may fall down to 10550---10501.

The move may continue more (will update timely)…..



Today’s Overview:

From any of mentioned resistance level (first two) Nifty Future may take one or two days correction. But to create new top the index will run more.


Wednesday, September 19, 2018

Nifty Trading Tips


Nifty Trade at last session
                                                         
Good Morning and Wish You a Happy Trading Session ….

After a flat opening Nifty Future has continued its corrective move for last two consecutive days. Through the session never tried to bounce back, two small re-bounce (11379 up 11438 and 11357 up 11428) were regular corrective move.
a red arrow indicating down side with eight bars
Market Correcting

Main strength provider of yesterday’s correction was Foreign Institutional Investors; they have Sell 5848.17 Cr. against buy of 4704.44 Cr. net trade value was -1143.73 Cr. where DIIs act as opposite; their net trade value was +264.66 Cr.

Most active Call strike 11500, and Open Interest was 42,99,450 and most active Put 11200, contacts was add 37,20,525, that investors are expecting a range of 11500 to 11200.

The day before yesterday high low of India VIX was 14.6350-11.7300, yesterday Nifty Future fall 140 points from its day high but high-low of India VIX 14.6200-11.8725, quite similar of yesterday, what is this index indicating, any bounce back? Let see…


Key Support-Resistance level of Nifty Future

First resistance of first half is 11343, above this 11352 will act as tough hurdle to cross.

Crucial support zone of the day is 11285—11282, if break it then Nifty Future will take next support at 11204.
group of some men working on a table
Group Work

Today’s Overview:

Like as last three sessions I am writing about the correction, at overview column writing to go short, yesterday also written “any pull back is good opportunity to go short (intraday)”. Today’s picture may vary (if volume support), from days low a bounce back is quite possible.

Tomorrow is holiday at NSE equity segment, therefore don’t carry any position.