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 near Impervious Wall

Market Outlook

From couple of days I am writing that Nifty Future is going to touch a tough hurdle. There after another round of correction may be start.

Key Support-Resistance level of Nifty Future

·        First resistance of Nifty Future is 9448

·        Nifty Future may run maximum 9561.15 or 9598.

·        Vital support is 8981.65

Nifty Future Tomorrow

Key Support-Resistance level of Nifty Future

§  If Nifty Future able to sustain above yesterday’s low 11991.15, then a bounce back is quite possible.

§  In that scenario next resistance is 12237.65/12244.85.

§  Crucial support is 11971.40---11964.

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 Trading Tips

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital support is 10801.75, below this next support of the day is 10748.25;

If Nifty Future break  the mentioned level, then crucial support is 10607.

Today’s Overview

Nifty Future is looking over sold, possibly Nifty Future is near of its bottom.

13^th August or 18^th August may be reversal day.

Nifty Future Trading

Nifty n Stocks Traded

                                                         

Good Morning and Wish You a Happy Trading Session ….

Yesterday Nifty future has break it’s rhythm to create new highs, Monday (11712.90) – Tuesday (11761.70) – Wednesday (11763.85). and from Wednesday’s day’s high already down by 122 points. From couple of days writing about the correction of 150 points.

 

mobile trading

On last derivative expiry Nifty Future’s fall was one sided. After flat opening Market remain week through the whole session. And that derivative closed on a flat node with negative bias.

Although Foreign Institutional Investors was on buy side, their net trade value was +958.01 Cr. But the Domestic Institutional investors were on sale side, the net traded value was -1598.67 Cr.

Yesterday Indian VIX high was 12.6250 higher than Wednesday’s high (12.4350) and very close of weekly average 12.9025.

 

group work

 Today’s Overview:

At present scenario it is clear that selling pressure will be continue, visa-vis the trend of negative bias will be continue. Today at first half a bounce back is quite possible on the basis of yesterday’s low (11642), but bear will be active at the higher level. Traders should be cautious at buy side. 

Nifty Future is going to day

Now the question arises what about today?

Till Nifty Future is below 11740 then overall picture is week. Today it is quite possible Nifty Future will open above 11691, (September Expiry closing was 11733.15,).

This is the reason of 1^st half’s recoveries. Therefore after crossing 11721 Nifty future will face 11731 as a tough hurdle.

On the down side below 11593 vital support will be 11582, yesterday written about the support of 11642. Nifty Future exactly made low 11642 and reverse to 11685…..

 

exact support

5 key points of Nifty Future Trend Reversal

Nifty Future Trade

                                                         

Good Morning and Wish You a Happy Trading Session ….

On Tuesday within 2 minutes of its’ opening Nifty future made a new high 11590 but fail to stay at Green, and continued as Red till 11558,   and almost end of the session made new life-time high 11592.

 

key points trade reversal

5 key points you should know before opening for profitable intraday trade:

1^st is Resistance of Nifty future

From last couple of days writing every day about new life time high, most probably today will not be an exception. First we have to look on 11598, may be Nifty Future open above 11611/11618. If happened then will touch 11642 within an hour.

Very vital resistances are 11728.54/11731.

2^nd is Support of Nifty future

Vital support of the day is 11609/11606, if Nifty Future touch one of this levels and able to stay above then it quite possible of sharp bounces back.

3^rd is Indian VIX

Write at every post how Indian VIX help to conclude the changing reversal. Told earlier increase of volatility means conflict between decision-between bulls and bears.

Monday’s high was 13.5500 and from there made low 11.3450, and of next session was 13.6350 to low 9.9275, decreasing lower band. That’s means low of volatility. And high chances to from a new high, BUT after that?

4^th is FII and DII Trade

Foreign Institutional Investors’ net trade (Buy value – Sell value) value was +254.25 Crores. And Domestic Institutional Investor’s net trade value 197.87 Crose on Tuesday’s session.

After a long time it is being to watch both the institution’s trade was at same direction. That is a good sign for Bulls.

 

mobile trading

5^th is Call – Put Option Open Interest

At last trading session maximum Call Option open interest was general on strike price 11600, and it was 34, 14000 contracts.

And maximum Put Option open interest was generated on 11400, and the contracts were 43, 50525.that data clearly meaning of a trading range 11600 to 11400 range.

Conclusion:

All above data is showing market is in a stable condition. And in favor of Bulls, but when everything is going good then there is something is to be wrong. Apart from all of this it is showing market is little overbought condition.

From the experiences of writing 1849 Blog post it is quite common to predict that from any resistance correction of 130+ points not be rules out.