Nifty Future Trading – 31st August 2020

Hi Friends,

 

Good Morning,

Today we may witness a gap-up opening, as when I am writing this post SGX Nifty has touched 11707.

Nifty Future may face first hurdle around 11741 today, it may sleep for a few points.

But bounce back can pull the index to 11829.85.

If fail to bounce back then may correct for the whole the day.

 

 

Disclaimer: This level is only for watch the market, not to trade. Before investment/trading please consult your advisor.

 

Note: We will meet on my YouTube channel within a very short period.

 

 

Nifty Trade -27th August 2020

 

Hi Friends,

 

Good Morning,

Vital levels of coming trade at Nifty Future:

Vital support of Nifty Future is 11523/11519;

Crucial support of the day is 11515.

Vital hurdle is 11570/11578;

Very TOUGH HURDEL is 11650---11676.95……

 

If start to fall…….then ?????

 

Disclaimer: This level is only for watch the market, not to trade. Before investment/trading please consult your advisor.

 

Note: We will meet on my YouTube channel within a very short period.

 

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.

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 Reversal Levels

Good Morning and Wish You a Happy Trading Session ….

Ø  On Friday Nifty Future made high 1077 at the end of the session.

Ø  Now the index has to come down to fulfill the wave.

Ø  As earlier I have written: Next trade reversal day is 3^rd September’19.

Ø  Therefore the index has to come down, and it is ineluctable.

Ø  But news of economic slowdown will rush or give more power to come down Nifty Future.

Ø  And from days low it may take bounce back today.

Key Support-Resistance level of Nifty Future

ü  Vital support zone is 10753---10745 -- 10734.

ü  Close below 10646.75 will prove the rumors of  RECESSION is true.

Nifty Future Rally

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital resistance zone of the day of Nifty Future is 11270.60---11275.80;

Closings above 11332.40 don’t hold any short position.

Crucial support of the day is 11157.60;

Today’s Overview

Nifty Future seems looking over sold.

Nifty Trading Today

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11643.45/11644. Above this next hurdle which Nifty Future may face is 11658---11663.

Today’s Overview:

Don’t go for positional long. Traders should enter only intraday trade with strict stop loss.

Nifty Future Tips

Nifty Trade yesterday

                                                         

Good Morning and Wish You a Happy Trading Session ….

At the second day of expiry week Nifty Future continue the trend of making new high. After making high at 11761.70 Nifty Future sleep 11715. But at the end of the session sudden volume act as provider of strength to come back Nifty Future again at 11761.

Analysis of Market

Strike price of most active call was 11800, Open interest generate was 26, 53,575 and most active Put was 11700, OI was 34, 61,400. This data suggest a range bound move between11800 to 11700.

After making the base at 9.4300 and 9.5150 respectively at Tuesday India VIX jump to 12.6000 and the base was 10.3775. All of this indicating volatility going to be increases.

 Yesterday both institutions were on sell side.FII net trade value was -161.05 and so as DII -199.28. Both data suggest Nifty Future is near its Top,

Today’s Overview:

After analyzing the three key factors it is clear that a small correction is overdue. And this will be a healthy correction. Investors should start some profit booking. A correction around 150 points is quite possible. Today’s trade will be some stock specific.

Group Disc.

 Nifty Future is going to day

Very vital resistance of the day is 11766.77. If volume generates at large scale then Nifty future may touch 11784. Tough hurdle to cross is 11818.

Nifty future may test support level at 11722, if break the mentioned level then Nifty Future may melt down to 11692. Crucial support of the week (before expiry) is 11666---------11617/11615.

Holding Positions:

Our Clients are holding Nifty Future long position from 11682, (tips given at 01:39 pm, 27 August). Yesterday's high was 11761.

Intraday traders book profit at 11707 on Monday.