Nifty Future Mantra – 16th June’20

Key Support-Resistance level of Nifty Future

Vital resistance of Nifty Future is 9957 OR 9968.

If the index crosses 9982 then may touch 10023 (but possibility is very low).

First support of the day is 9505.60

Crucial support of the week is 9025.45

Nifty 1st Day Mantra

Key Support-Resistance level of Nifty Future

·        Vital support of Nifty Future is 12167.65;

·        Crucial support is 12080.75.

·        If Take support at any mentioned level, then Nifty Future  my bounce back to 12211.60.

How To Make Profit at Falling Market

Key Support-Resistance level of Nifty Future

§   Vital resistance zone of the day is 11931.50---11941.

§  If Nifty Future fail to cross the hurdles and start to fall then yesterday’s low (11884.10) will act as last hope for Bulls.

§  Vital support zone 11827—11823.

§  Crucial support of Nifty Future is 11786.

Nifty Small Correction

Good Evening and Wish You a Happy Trading Session Tomorrow ….

Market Outlook

Correction may continue till Friday to Monday.

  

Key Support-Resistance level of Nifty Future

§  First support of Nifty Future is 11438;

§  The index may try to bounce back from 10404.10; but may fail after some spark.

§  11527 is the vital resistance for the day.

§  Around Friday or Monday may take support around 11148 or 11138 and try to reverse.

Nifty Trade Tomorrow

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

§  Tomorrow crucial support of Nifty Future is 10968.85 or 10965.30;

§  If Nifty Future breaks 10915.95, then just wait to watch sharp fall.

§  Above 11105.85, next resistance is 11133.75 Or 11138.50

§  If Nifty Future able to cross 11151 then may face next resistance at 11170 or 11178;

Nifty Future Today

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

§  If Nifty Future opens above 10993, then may run to touch 11003 or 11008.

§  In that case the index next resistance is 11039---11045’

§  If Nifty Future opens below 10917, then next support is 10875.60.

§  Crucial support is 10753 or 10745.

§  Close below 10646.75 will prove the rumor of     RECCESSION is true.

Nifty & Stock Correction

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Yesterday written:

“If Nifty Future close blow 10901, then witness of Panic selling.”

After breaking 10901 Nifty Future fall 209 points from day’s high.

Now keep close eye at 10708. If the index able to sustain the level, then up move can pull Nifty Future till 10874 within 2 days.

If beak and start to trade below 10708 then just wait to see 10545.30;

Nifty Future may touch 4 digit values. at next expiry. 

Nifty Intraday Tips

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

First resistance of tomorrow is 11191.40; above the level vital resistance zone of the day is 11203.50 or 11209.

Crucial support of the day is 11013.60.

Today’s Overview:

From day’s low a bounce back rally is possible.

Nifty Tips Intraday

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Yesterday Written:

“If Nifty Future fails to cross 11783 or 11788 and melt down below 11685 then be CATIOUS……”

Look what happened. Nifty Future made high 11780 and meltdown to 11622.

Vital support of the day is 11584---11576. Closing below the mentioned level Nifty Future may touch 11441.75 within couple of days.

Above 11689 Nifty Future may run to touch 11732.85.

Today’s Overview:

Wave structure suggesting this correction may continue.

Nifty Intraday Call

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

The day before yesterday I have written, 1 to 3 day’s correction is quite possible, yesterday was the 2^nd day Nifty Future continue melting.

Today vital support is 11570.70; below 10507 next supports are 11482.

From day’s low 150 to 160 points reverse is possible.

Today’s Overview:

Wave structure suggesting this correction may continue.

Nifty Intraday Call

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital support of the day is 11344.25—11336.

Above 11373.75 vital resistances is 11415/11418. After crossing 11427 Nifty Future may touch 11454.50.

This rally may extended around 11472.50—11477.

Today’s Overview:

Overbought condition is not good for fresh long term buy, but you may buy for intraday.

Nifty Future Live

Good Morning and Wish You a Happy Trading Session ….

The main indexes opened with bearish note at first day of the week. Nifty Future opened at 10812.95, after making high 10820 started to melt down.

From day’s high 10820, Nifty Future melts downed by 100 point.  

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

Yesterday Foreign Institutional Investors have bought 3222.69 Cr. and sold 3955.15 Cr. net trades were – 732.46 Cr.

And Domestic Institutional Investors have bought 3297.15 Cr. and sell of 2769.66 Cr. net trade values + 527.49 Cr,

India VIX Snapshot

 Yesterday INDIA VIX made high 16.5525 and low 15.3525.

Advance and decline ratio of the Nifty was 12:38

OI at Option Trading

Most active CE was 11,000, and OI was 49, 22,625. And active PUT strike was 10700, OI 34, 55,400

Key Support-Resistance level of Nifty Future

     If Nifty Future opens below 10776, then vital support is 10663.

     If Nifty Future open around 10776 and try to cross it, then first resistance may be 10790.

     Crucial support of this move is 10602.25

Today’s Overview:

Today’s trend may be down ward.

Nifty Future Today

Good Morning and Wish You a Happy Trading Session ….

Nifty Future was under selling pressure yesterday, but has tried to recover twice. From day’s low 10575 Nifty Future rallied to 10848.5.

Today at opening if the indexes able to cross 10907 then fresh buy may accumulate the graph higher.

But below this another round of panic may drag Nifty Future to 10650 levels.

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

Yesterday Foreign Institutional Investors have bought 2573.57 Cr. and sold 3194.63 Cr. net trades were -621.06 Cr.

And Domestic Institutional Investors have bought 3075.06 Cr. and sell of 3301.24 Cr. net trade values – 226.18 Cr,

India VIX Snapshot

Yesterday India VIX made high 16.9475 and low 14.8375.

Advance and decline ratio of the Nifty was 09:41

OI at Option Trading

Most active CE was 11,000, and OI was 27, 28,425.

Key Support-Resistance level of Nifty Future

Below 10707.45 vital supports of the day are 10666.95---10662.50. Crucial support of Nifty Future is 10650.52.

First resistance of the day is 10907.

Today’s Overview:

From day’s low chance of a bounce back is quite possible.

Nifty Intraday Tips

Good Morning and Wish You a Happy Trading Session ….

The day before yesterday I have written about the resistance 10680, yesterday Nifty Future made day’s high 10680, and yesterday written about the fist support 10549, Nifty Future made day’s low at 10551.

After open at green Nifty Future failed to hold the strength, and start to fall. Although the fall was zigzag, but was slow and steady.

After making low at 10030 Nifty Future is moving up very fast, but from last week the speed decreased. This indicate a confusion among the investors.

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

Yesterday Foreign Institutional Investors have bought 5516.81 Cr. and sold 5439.43 Cr. net trades was + 277.38 Cr., almost average trade.

Domestic Institutional Investors have sold 5067.42 Cr. Against buy of 4795.18 Cr. net trade values -272.24 Cr, sum of last three trading sessions sold amount is -1647.36 Cr.

India VIX Snapshot

India VIX made high 19.5075 and low 14.7700 yesterday.

Advance and decline ratio of the Nifty is 23:27, average trade tendency.

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 29, 29,725

But most active PUT was 10500, and Open Interest was 25, 30,650

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10652; if Nifty Future fails to cross the hurdle then a sharp correct is on card.

If so happen then the correction may pull the Index around 10429. And after that a zigzag move is quite possible.

Today’s Overview:

Fail to cross 10652 then be ready for a sharp intraday correction.

Nifty Trading Tips

Market Melting - Nifty Future Melting

                                                         

Good Morning and Wish You a Happy Trading Session ….

After a relief rally of (233 points) from 10857 to 11090 on 01 October Nifty Future started to meltdown sharply. On 05 October Nifty Future fall was very destructive.

Relief Rally 

The surprised move on rates of Monetary Policy Committee of Reserve Bank of India, consistence fall in INR was the provider of cause/strength of Friday’s down move.

Fall of 12.73% (1501 points fall) within 24 trading days clearly indicating Market already stepped into a BEAR phase.

If Nifty Future anyhow closes below 9960 then the correction will turn to the black picture of 2008 – the great recession.

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

On 5^th October Foreign Institutional Investors have sold 8238.01 Cr. against buy of 4867.87 Cr. And net trade value was -3370.14 Cr. From 01 October FIIs have net sold -11222.38 Cr. this is an alarming issue.

Although net trade value of Domestic Institutional Investors is 1902.07 Cr. but this buy failed to resist the fall.

Meltdown

India VIX Snapshot

At Friday’s session India VIX jumped to 20.4825, it is increasing continually. The index is at 85.12% of its 52 week high (24.0350). It is clearly indicating a bear phase.

OI at Option Trading

Most active CE of 5^th October was 11000, the total contracts added 44, 98,275. This is indicating a relief rally may pull the market for the time being.

And most active PUT strike was 10500 and open interest add 36, 09,975.

Key Support-Resistance level of Nifty Future

Below 10270 next crucial supports are 10218. At this fall Nifty Future may melt down to 10028.

Before taking support at lower band a bounce back of 100 to 110 points not is ruled out. Vital resistance of the day is 10376.

 

O-V

Today’s Overview:

From any support level a small bounce back is on card. But don’t jump for long term view. Any bounce back of 100-110 points is good opportunity for going short.