Nifty Future Traded
Good Morning and Wish You a Happy Trading Session
….
After four days straight correction Nifty Future made low 11437
yesterday. From life-time high 11793 already corrected 3.0187%. After opening
Nifty Future have tried to move upside, touched 11563 and 11579 as days’ high.
But rupee hit life time low 71.96. this is the main reason of
yesterday’s downfall. Although after hitting 11437 Nifty Future have tried to
recover and mage to touch 11530.85 at end of the session.
Indian VIX is increasing continuously, yesterday made high 14.1525, bad sign for Bulls. Increasing
of volatility is synonymous of market fall. The day before yesterday its high
was 13.8800.
The most active put was 11400, open interest was generated maximum,
was 38, 80,800. And most active call was 11600, total contracts was 30, 75,375.
When this post was written SGX Nifty was trading at 11541, up by
0.33%.
Key Support-Resistance level of Nifty Future
Vital resistance of the day is 11548. One Nifty Future cross it and
stay for an hour may spark to touch 11653.75.
Below yesterday’s low key support is 11372.
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| work-sheet |
Today’s Overview:
Keep eye on 11548. This may be the turning point. Today Nifty
Future/Market may change its’ direction.
Work analysis of 05 September:
Yesterday provided total 5 calls. First and second call got stop
losses triggered. And the losses were 1.5 and 1.55 points respectively. Third and
fourth points gave profit of 38 and 50 points. Fifth call is holding with
strict stop losses.
