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 – 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.

 

Nifty Trading Tips

Nifty Trade yesterday

                                                         

Good Morning and Wish You a Happy Trading Session ….

Nifty future (Market also) continuing to form new highs from last few weeks. Maximum credit of previous week’s rally goes to two big player Reliance Industries and L&T.

predicting

Reliance increased 5.98% from 1207.65 to 1279.95 and L&T hike 10.75% from 1231.45 to 1363.90.

On Friday low of India VIX was 9.4300, far low from previous week’s average 13.2825. it is suggesting a strong up move, this week is of derivative expiry week, and naturally volatility will increase repeatedly. Let see what happen.

At last trading day of previous week most active Call option was 11600 and OI (open interest) generate was 39, 24,425 contracts. And most active Put was 11500 strike, OI was 40, 16,850 contracts.

Difference between OI of the two contracts was approx nil. And range is of 100 points. that means market participants are confuse. This is the chance of increase volatility.

Third and fourth session of last week FII and DII were on buy side. But at last trading session Foreign Institutional Investors was on sale side, net trade value was -75.78 Cr. And Domestic Institutional Investors bought huge, the amount was 904.75 Cr.

Investors

Nifty Future is going to day

Vital resistance of the day is 11602, If Nifty future open above this and cross 11622 then next resistance will be 11642. Single closing above 11684 quite chance to show 11830//11832 within this week.

If Nifty Future open around 11602 and fail to cross the level then next vital support is 11533---11531.85. Will Nifty Future reverse from this level?

Or will try to break 11512? In that case 11498 and 11469 will be the crucial supports of the week.