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 Intraday -24th August 2020

 

Hi Friends,

 

Good Morning,

Vital resistance of the day is 11360/11372.

Above 11482 fresh buy may pull the index.

Intraday vital support is 11267.40

 

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 Future Mantra – 1st July’ 20

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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 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. 

Nifty Future Mantra – 2nd June’2020

I admit that there has been some mistake in making market predictions just this time. 

My thought was that final phase of correction is going to be start.  

Nifty Future’s possible activity

  

·        First resistance of the day is 9929.75///9934.85 

·        Above this next resistance is 10057.50 

·        Vital support of Nifty Future is 9466.85. 

·        From day’s low sharp bounce back is quite possible.

 

Loss Covering Trade of Nifty

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

§  First support of the day is 10978.10;

§  Crucial support of Nifty Future is 10920.50.

§  First resistance of the day is 11306.25.

05:35 pm, 2^nd  March, 2020

Nifty Future Trade

Good morning, wish you happy trading session.

Key Support-Resistance level of Nifty Future

·        Possibility I: If cross recent high 12412.50, then next resistance of the day is 12425.40 or 12427.25;

·        Possibility II: If fail to cross recent high and break 12339.20, then may take reverse from 12301 or 12300.40.

05:55 am, 17^th January, 2020

Nifty Future Today

Nifty Trade at last session

                                                         

Good Morning and Wish You a Happy Trading Session ….

On Friday after a gap-up opening Nifty Future able to sustain above the previous day’s high (11430) through the session. Day’s low was 11466; Wednesday’s high was 11430.

Trading rules

Through the session Nifty Future made three tops, after first top 11504.95 Nifty Future take a small intraday correct to 11466, after that from 2^nd top 11530 to 11505. Final top was 11559. And Nifty Future closed at 11547.30, far above psychological level 11500.

Both the Institutional Investors have participated at the up-move. Most active was FIIs, their net trade value was +1090.56 Cr. followed by DIIs, their net trade value was +115.14 Cr.

At previous post I have written that “a steady decries of VIX high to low indicating low volatility at market. And clear the chance of bounceback from a corrective move”

Just look what happened, Nifty Future made a sharp bounce back with gap-up opening and closing above 11500. At previous trading session India VIX show a sharp decline from day’s high 14.2500 to 12.3225.

Most active call was 11600, Open Interest was 32, 45,250 and most active put was 11400, the contracts was added was 40, 55,625.

bears are taking rest

Key Support-Resistance level of Nifty Future

At first half of session vital resistance is 11580, if cross it smoothly then vital resistance is 11597. At this level a profit booking not be ruled out. If able to cross 11605 then may touch 11625---11634.

Weekly closing below 11339 Nifty Future may drag to 11261—11230 level.

Today’s Overview:

From any resistance a sharp correction is possible. Don’t be trapped at higher level.