Nifty Future Mantra – 9th June’20

Key Support-Resistance level of Nifty Future

 

First support of Nifty Future is 10094.35,

Below this vital support is 10003 OR 9992.

Crucial support is 9933.

Single closing above today’s high (10319) Nifty Future may run to 10707.45

Nifty Future Mantra – 4th June’20

I was waiting for a good inner top. Overall trend is up, but before this we may witness some small healthy correction.

Healthy, because we may get the chance to buy or enter at a profitable level.

Open Interest – Premium relation showing “Sell on Rise” condition.

Key Support-Resistance level of Nifty Future

 

First resistance of Nifty Future is 10104; 

After crossing the mentioned level the index may touch 10156.90. 

Above 10193.15 (today’s high) tough hurdle is 10316 or 10318.05 

First support of the day is 9999/9997. 

Vital support of the week is 9874,

If the index breaks the mentioned support then from 9664 Nifty Future may take bounce back.

 

*** If Nifty Future touch 10316-10318 then mentioned support level will be valueless. 

Intraday Equity

Vital resistance is 1633.25.

If this stock price face tough hurdle at this range then may take sharp down turn.

And in that case support may be 1616.

Crucial support is 1610 or 1606.

If take bounce back from 1616 then may touch 1653.95.

Nifty Intraday Tips

Key Support-Resistance level of Nifty Future

Ø  First support zone of the day is 11875.85---11873.65

Ø  First hours vital support is 11861.

Ø  Vital resistance of the day is 11948.75/11952.10

Ø  If break today’s low then next support is 11802.65—11798.15.

Ø  Crucial support of the day is 11786.85----11784.60.

Nifty Trading Tomorrow

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

Key Support-Resistance level of Nifty Future

·        Above recent high 11682.40 next vita resistance is 11886.95;

·        Short term tough hurdle is 11945.50;

·        Crucial support of this move is 11156;

·        Closing below the mention support Nifty Future may take support at 11148 or 11138.

Nifty Trading Tips

Good Morning and Wish You a Happy Trading Session ….

From 23^rd of August Nifty Future is trading within range; although move is upside but motion is not smooth,

All of this suggests that another round of correction is waiting at near future,

But before this an up move of 300 to 350 points is quite possible.

Key Support-Resistance level of Nifty Future

§  Below 10959.70 vita support of today and tomorrow is 10934.25;

§  After break 10923.75 or 10922.65 crucial support of Tuesday and Wednesday is 10886.

§  First resistance of Nifty Future at tomorrow is 11050;

Nifty Bounce Back

Good Morning and Wish You a Happy Trading Session ….

Ø  Yesterday written “Now the index has to come down to fulfill the wave”

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

Ø  According my prediction market corrected.

Ø  But there was no such sign of bounce back.

Ø  Today also Nifty Future may bounce back.

Ø  But if fail to do so then correction may continue till 06^th September.

Key Support-Resistance level of Nifty Future

ü  Vital resistance of the day is 10874.

ü  Above 10877 may take an upside spark.

ü  Vital support zone is 10753---10751---10745.

ü  Upper mentioned support zone is very vital for bounce back.

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

Nifty Tips Today

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11808, if Nifty Future able to cross 11845.75 then fresh buy may pull Nifty Future very fast.

No change at yesterdays mentioned support level.

Today first support zone is 11683—11671. Vital support of Nifty Future for the day is 11647.50. Crucial support is 11563.90.

Today’s Overview:

If fail to cross new high 11822.75 or 11845.75 then a sharp correction (for 1 to 3 days) is quite possible.

Nifty Trade View

Good Morning and Wish You a Happy Trading Session ….

Nifty felt in volatile trading on Friday, after a few failed attempts at a rally, led by IOC – UPL – ADANIPORTS.

Nifty was down by 1.81% and BSE Sensex was down by 1.89%.

From 14 December I am writing about the fall down. I have written several times that wave patter seems over bought, within two sessions Nifty Future felt down 251 points.

This is not the end; more correction in the market is over dew. But BULLs are no need to be panic. From bottom of this move a fresh rally may touch a new life-time high.

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

On Friday Institutional Investors have bought 6527.14 Cr. and sold 6393 Cr. net trades were +134.14 Cr.

And Domestic Institutional Investors have bought 3984.76 Cr. and sell of 4473.31 Cr. net trade values – 488.55 Cr,

India VIX Snapshot

India VIX made high 16.2300 and low 12.9400 on Friday.

Advance and decline ratio of the Nifty was 5:45

OI at Option Trading

Strike price of most active Nifty CALL was 11000; OI was added 58, 75,425. And most active PUT was 10700; IO was 28, 06,875.

Key Support-Resistance level of Nifty Future

First support of the day is 10733.85, below 10639.50 immediate support of Nifty Future is 10623.55---10610.75.

Single closing below 10556.45 Nifty Future may take crucial support at 10499.95 within Wednesday.

Vital resistance of the day is 10799, above this 10820.35----10822.95---10823.60 zones is very strong.

Very tough hurdle is 10847—10859.90.

Today’s Overview:

If open above Friday’s low 10755, then a fresh intraday rally is possible, but rally will be small, more correction is dew.

Nifty Trading View

Good Morning and Wish You a Happy Trading Session ….

Yesterday after negative opening, Nifty Future made low 10891.30 and takes a reverse move. At first the index touched 10974 and after that 10991.

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

Yesterday Institutional Investors have bought 3955.48 Cr. and sold 4341.92 Cr. net trades were – 386.44 Cr.

And Domestic Institutional Investors have bought 2905.17 Cr. and sell of 2817.21 Cr. net trade values + 87.96 Cr,

India VIX Snapshot

India VIX made high 14.9175 and low 13.7200 on yesterday.

Advance and decline ratio of the Nifty was 24:26

OI at Option Trading

Strike price of most active Nifty CALL was 11100; OI was added 26, 30,550. And most active PUT was 10800; IO was 38, 39,175.

Key Support-Resistance level of Nifty Future

If today Nifty Future open below 10991 then may take support at 10935, below that 10929.75---10924 ranges will be crucial for the day.

Vital resistance of the day is 11118.20.

Today’s Overview:

If open in red then from day low a sharp bounce back is quite possible.

Nifty Future Tips

Good Morning and Wish You a Happy Trading Session ….

On Friday after making day’s top at 10949.75 Nifty Future meltdown to 10855, although the index tried to recover end of the session.

Today’s session is very vital, it may clear that is Nifty Future is going to form TOP or the rally will be continued.

Don’t accumulate long position now (for mid-term), Nifty Future is near of its TOP.

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

On Friday Foreign Institutional Investors have bought 12172.21 Cr. and sold 12504.72 Cr. net trades were -332.62 Cr.

And Domestic Institutional Investors have bought 5015.36 Cr. and sell of 3525.71 Cr. net trade values +1489.65 Cr,

India VIX Snapshot

India VIX made high 19.9150 and low 16.8100 on Friday.

Advance and decline ratio of the Nifty is 24:25

OI at Option Trading

Strike price of most active Nifty CALL was 11000, open interest add 25, 43,925

But most active PUT was 10800.

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11002.34----11011.52, this hurdle is very vital, those are holding long book profit of a major part.

This level may be a turning point (this is not any recommendation).

Below 10877 next support is 10832.

Today’s Overview:

A sharp correction is on card.