Nifty Future Past Trade
Good Morning and Wish You a Happy Trading Session
….
Yesterday within few minutes of opening (09:38 am Nifty Future made
day’s first low at 10232. From there take a bounce back of 185 points. But Nifty
Future failed to stay at day’s first top 10417.
After that Nifty Future made day’s last bottom at 10212, and after
that it a was relief rally (intraday) of 205 points and made final high of the
day at 10417.95
After that two sharp rally (intraday) question arise, is Nifty
Future bottomed for the time being or this is a part of relief for Bulls.
Or, Nifty Future is going to give chance to Bear for a good short
level?
Although sell value of Foreign Institutional Investors was greater
then buy value by -1805.07 Cr. but FIIs have decreased their selling trade then
last 3 trading days.
From 01 October FIIs have net sold -13027.45 Cr. this is an
alarming issue.
As usual Domestic Institutional Investors have net bought +1973.97
Cr.
Yesterday India VIX jumped to 21.765, it is increasing continually.
The index is at 90.55% of its 52 week high (24.0350). After two intraday pull
back index is increasing.
Today if cross 22.97 then another round of correction is waiting.
If fail to cross 18.50 and start to go down then rally may continue.
Strike price of most active CALL was 10800, and contact added 28,
81,350. But most active PUT was 10000, and the open interest was 39, 36,600
Just look at the range, upper circuit is 10800 and the lower is
10000. This is too much abnormal or indicating very high range of volatility.
Key Support-Resistance level of Nifty Future
Above 10497 Nifty Future may face tough hurdle at 10514/10517.
Yesterday written about the vital support 10218, Nifty Future made
low 10212 and reverse.
Today vital support of the day is 10340/10338. Single closing below
10212 Nifty Future may melt down to 10028.
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| Overview |
Today’s Overview:
Below 11090 Nifty Future is overall week, single closing above
10517 may indicate fresh rally.
