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 Intraday Call

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

Key Support-Resistance level of Nifty Future

Intraday View:

     Vital resistance of the day is 11442.55 to 11446.30:

     And vital support of the day is 11286.65 or 11285:

Weekly View:

·        If Nifty Future fail to sustain above 11113.75 (recent low), and start to trade below the level then next vital support are 11072 or 11067.75.

·        If Nifty Future takes support at 11067.7 and start to bounce back then a up move journey may pull Nifty Future 460+ points.

Nifty Future Trend

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

Market Outlook

Last Thursday I have written:

“Before next round of correction, we expect some upside price movement...”

At Thursday market fall sharply, all business channels were doing bla-bla, this is six month low…such and such.

Same day at 4 pm I have written before another round of panic there will be a bounce back at Market.

All of you have witnessed what happened.

At Friday on 12:41 pm when Nifty Future was trading at 11234, I have written the index will start to fall from 11403.

At 02:22 pm Nifty Future made high 11405.90 and fall 153 points within few minutes.

Key Support-Resistance level of Nifty Future

§  Vital resistance is 11412.50;

§  Closing above the mentioned level Nifty Future may touch 10664.10 before expiry.

§  Vital support zone is 1117.15---11112.40.

Nifty Stock Tips

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Above 11696.40 vital resistances is 11751.10. Above 11797.85 the index will jump to form new high.

First support of the day is 11620/11616. Below 11544 next vital support is 11513.

Crucial support of the move is 11385 to 11380.

Today’s Overview:

Below 11797 corrections may continue.

Nifty Trading View

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital resistance zone of the day is 11744.70---11749.40---11751.75.

 If Nifty Future face strong hurdle at the mentioned zone, then an intraday correction is quite possible.

Vital support of the day is 11694.40; below this level don’t hold long positions.

Today’s Overview:

If Nifty Future face strong hurdle within 1^st hour of session, then intraday correction is quite possible.

Nifty Intraday Tips

Good Morning and Wish You a Happy Trading Session ….

Yesterday written from day’s high an intraday correction is quite possible. Nifty Future made high 10963 and starts to correct – made low 10907.

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

Yesterday Foreign Institutional Investors have bought 3864.31 Cr. and sold 3954.41 Cr. net trades were -90.1 Cr.

And Domestic Institutional Investors have bought 3034.98 Cr. and sell of 2730.71 Cr. net trade values + 304.27 Cr,

India VIX Snapshot

 Yesterday INDIA VIX made high 16.3075 and low 12.8000.

Advance and decline ratio of the Nifty was 22:28

OI at Option Trading

Most active CE was 11,000, and OI was 36, 44,550. (Decreasing) And active PUT strike was 10800, OI 34, 93,800.

Key Support-Resistance level of Nifty Future

Crucial support of the day is 10901---10900.70

If Nifty Future close below 10895.80, then correction may continue to 10767.50---10765.60

         

     Vital resistance of the day is 10940.65. Above 10952 the index will run upward.

Today’s Overview:

From day’s low bounce back is possible.

Nifty Future Trade

Good Morning and Wish You a Happy Trading Session ….

Yesterday Nifty Future move was totally one sided, as the index crossed very tough hurdle 10940, it run with large volume.

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

Yesterday Institutional Investors have bought 5900.74 Cr. and sold 4691.53 Cr. net trades were + 1209.21 Cr.

And Domestic Institutional Investors have bought 3730.98 Cr. and sell of 4212.44 Cr. net trade values – 481.46 Cr,

India VIX Snapshot

India VIX made high 14.8650 and low 11.8700 on yesterday.

Advance, decline and unchanged ratio of the Nifty was 35:14:1

OI at Option Trading

Strike price of most active Nifty CALL was 11000; OI was added 38, 26,175. And most active PUT was 10900; IO was 28, 37,625.

Key Support-Resistance level of Nifty Future

First resistance of the day is 11044.95/11046.65, above this Nifty Future will run to touch 11069.30. Tough hurdle is 11150.65.

From each resistance very small down fall is possible, but be alert at the last hurdle.

Today’s Overview:

Overall trend is up, from every hurdle small down move is possible.

Nifty Future Analysis

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.

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.

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

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 Snapshot

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

OI at Option Trading

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.

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.

3 Days 326 Points

3 days profit

 Work analysis 07 September 2018

Trade 1. Book profit yesterday’s short position (holding short from 11562) at 11522. Profit 11562 – 11522 = + 40 points.

Trade 2. Sell Nifty Future @11597 SL 11599 (just 2 points) Target 11565. Profit 11597 – 11565 = +32 points

Time Factor: SMS sent at 10:29 am, at 10:53 am NF made high 11598 and came down to 11563.

Clients got 24 minutes to active the call.

Price Factor: Short Level was 11597 NF made high 11598 and meltdown.

Risk::Reward = 2::32 = 1::16

Trade 3. Buy NF @ 11581 SL 11579 Targets 11670 (Booked at 11631). Profit 11631 – 11581 = +50 points.

Time Factor: Call sent at 01:36 pm. NF touched 11581 at 01:52 pm.

Got 16 minutes to initiate the call.

Price Factor: Buy level was 11581, after 16 minutes NF touched 11581 and reverse.

Risk::Reward = 2::50 = 1::25

Total effect = +40 +32 + 50= +122 points/lot.

Work analysis 06 September 2018

Trade 1: Book losses of positional short (holding short from 11527)@11548. Losses 11548 – 11527 = -21 points

Trade 2: Buy NF @11539 SL 11536.60. SL triggered. Losses 11539 – 11536.60 = -2.4 points.

Trade 3:  Sell NF @11504 Target 11470, after initiating the call NF made low 11470(was day’s low). Profit 11504 – 11470 = +34 points

Trade 4: Buy NF @11474 SL 11469.95 Booked 11582. Profit 11582 – 11474 = +108 points.

Trade 5: Sell NF @11562 (positional) …..

Total effect = -21 -2.4 +34+ 108 = 118.6 points/lot.

Work analysis 05 September 2018

Trade 1: Buy NF @11540 SL 11538.50Targetg 11577. SL triggered, losses 11540 – 11538.50 = -1.5 points.

Trade 2: Buy NF @ 11488 SL 11486.45 Targets 11526. SL triggered, losses 11488 – 11486.45 = -1.55 points.

Trade 3: Buy NF @ 11451 SL 11448.80 Targets 11489. Target achieved. Profit 11489 – 11451 = +38 points.

Trade 4: Buy NF @11477 SL 11474 Target 11527. Target achieved. Profit 11527 – 11477 = +50 points.

Trade 5: Sell NF @11527 SL 11533 (revised)…..

Total effect = -1.5 – 1.55  +38  +50=  85 points/lot.

05 September, 2018 à +85 points

06 September, 2018 à +118.6 points

07 September, 2018 à +122 points

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TOTAL à  326 POINTS

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