Nifty Trading View

Key Support-Resistance level of Nifty Future

·        First resistance of the day is 9440;

·        Above 9477.75 Nifty Future may try to touch 9519.

·        First support zone of Nifty Future is 9102.05---9091.10.

·        Crucial support of the day 8865.

Nifty now Bear Trap

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

§  First resistance is 12118.15 or 12124.85;

§  Above this next vital hurdle is 12152.60.

§  Below recent low 11976.60 next support is 11834.75.

§  From day’s high chance of sharp correction is quite positive.

§  Don’t be trapped at higher level.

05:09 pm, 8^th January, 2020

Nifty Trade View

Good Morning and Wish You a Happy Trading Session ….

After flat opening Nifty Future meltdown to 10511.95, the bottom of the day. On Thursday early morning (at 07:07 am) updated Blog that vital support is 10516.

From last three days the conclusion of a bear move is being confirmed.

From its up journey from 10030 Nifty Future already rallied 7.47%. Now the question arise is Nifty Future near of the TOP, if so then a sharp bear move is waiting. Coming BEAR move may melt down Nifty Future near 9900 level.

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

As on 22 November, Foreign Institutional Investors have bought 3402.36 Cr. and sold 2956.12 Cr. net trades were +446.24 Cr.

And Domestic Institutional Investors have sold 2245.28 Cr. Against buy of 2294.96 Cr. net trade values +49.68 Cr,

India VIX Snapshot

India VIX made high 20.0025 and low 17.0875 yesterday.  

Advance and decline ratio of the Nifty is 10:40

OI at Option Trading

Strike price of most active Nifty CALL was 10700, open interest add 38, 06,250

But most active PUT was 10500, and Open Interest was 29, 78,550,

Key Support-Resistance level of Nifty Future

Above 10561/10565 vital resistance of the day is 10604.45…..

On the down side Crucial support level of the day is 10454---10450.95….

Today’s Overview:

From first half’s high a sharp correction is on card.

Nifty Trading View

Nifty Trade Yesterday

                                                         

Good Morning and Wish You a Happy Trading Session ….

There was no sign of reversal, from opening Nifty future was correcting sharply. Once have tries to recover from 11456 to 11497 but fail to cross 11500 and start the round of fall again.

Nifty Trading View-Market correcting

The overall PANIC drag  Nifty Future to 11322, blood flow was continue till 2.798% fall from its recent high 11648.

Indian VIX is increasing continuously. Yesterday’s high was 15.4475, greater than previous day’s high 15.3150.

Just look what Foreign Institutional Investors have down yesterday. Their net 8015.47 Cr. against it they have sell 9469.83 Cr, net trade value -1454.63 Cr. whereas Domestic Institutional Investors was on opposite direction, they have bough greeter than sell, total value was 749.62 Cr.

Nifty Trading View: correction will continue ?

Key Support-Resistance level of Nifty future

Nifty future will try ti sustain above yesterday’s low 11322 at opening, if it possible then Nifty Future will face tough hurdle at 11358/59. If cross 11362---11368 level with volume then wait for a bounce back.

After Nifty Future sleep down below 11322 then next support is 11289.60.

Today’s Overview:

If fail to cross the resistance level mentioned above then try Future will start to melt down and may take support at 11289.60. Never try to catch a fallen knife.

Many small investors get trapped at reversal points. Always wait for a good reversal points. Our posts always try to predict the level correctly with the view of technical analysis.