Nifty Future Traded
Good Morning and Wish You a Happy Trading Session
….
After opening on a positive node and making a new life time high Nifty Future failed to sustain the bullish mood on the 1st day of September expiry. After starting a bull move from 10556.95 on 28th June’2018 Nifty future made a journey of 11.71% after making high 11793 on Friday.
After opening on a positive node and making a new life time high Nifty Future failed to sustain the bullish mood on the 1st day of September expiry. After starting a bull move from 10556.95 on 28th June’2018 Nifty future made a journey of 11.71% after making high 11793 on Friday.
At post Nifty Future Tips (on 29 August) and at post NiftyTrading Today (on 30 August) have written
about the correction of 150 points, on Friday’s session Nifty Future melt
down 107 points fit’s day-high 11793.
On Friday Foreign Institutional Investors was on sell side, their
net trade value was -212.81 Cr. But the Domestic Institutional investors were
on buy side, the net traded value is +171.92 Cr. the effect was mixed that
means contradictory and market fall sharply.
On 24th August’2018 Indian VIX low was 9.4300 and on
Friday it made high 12.7975, it is increasing, that means increase of
volatility. It suggests increase the chance of correction.
at last trading session of the week most active call option strike
was 11800, the contract was generated 27,43,050. And most active put option was
11600, open interest was generated 32, 42,175. That suggest of market range will
be between 11800 to 11600 on Monday to Tuesday sessions.
Key Support-Resistance level of Nifty
future
If Nifty Future able to sustain above the support level 11686 at
opening then may run to touch 11751 and very vital resistance is
11775.90/11776. Once cross 11793 will volume then may run towards 11913 this
week.
On the down side below 11663.80 key support levels is 11643.60-11642.
Analysis |
After analysis the vital key points it may be suggested that at
opening there will be a up-move to near life time high. From there a sharp intraday
correction not be ruled out. Till now
there is no sign of long term bear move.