Good Morning and Wish You a Happy
Trading Session ….
Yesterday at morning update, written about the resistance 10317, although Nifty Future made high 10315 and start to melt down. Through the session an intraday correction mood was continued.
Yesterday at morning update, written about the resistance 10317, although Nifty Future made high 10315 and start to melt down. Through the session an intraday correction mood was continued.
After a deep correction from 11793 to 10030
yesterday’s high was the first top, which can be called starting of a bounce
back. Analysis of Nifty Future, suggest that today’s low is very vital.
Foreign Institutional Investors have bought at
3974081 Cr and sold 5566.83 Cr. yesterday.
Domestic
Institutional Investors have sold 2431.19 Cr. Against buy of 3794.23 Cr.
India VIX made high 20.7725 and low 19.5500
yesterday. Decreasing of high and low of this Index is good for bulls.
Close below 17.2656 will confirm the rally.
Yesterday advance-decline ratio was 21:29
Strike price of most active Nifty CALL was 10500,
and turnover was 9, 07, 909 .21 laces.
But most active PUT was 10000, and turnover was
6, 31,082.49.lacs. From last few sessions most active put option is 10,000.
Key
Support-Resistance level of Nifty Future
Yesterday written about the first resistance 10317.95, Nifty Future made high 10315 and started
to melt down.
Today above 10282 Nifty Future will try to cross
10317, once it able to do then straight resistance zone will be
10480.50----10490.55.
Vital support of the day is 10163.82. Crucial
support of the day is 10121.75. Once Nifty Future starts to bounce back then don’t
hold any short positions.
Today’s
Overview:
From days low a sharp bounce back is quite
possible, if cross yesterday’s high 10315 then rally will be continue.
