Wave Trading

At last session of October expiry India VIX made high 20.3300, and low was 18.8800, the index increased by 2.27% than previous session.

Today if fail to cross yesterday’s high then it will be the provider of strength to start a relief rally.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Strike price of most active Nifty CALL was 10300, OI was 33, 19,275.

But most active PUT was 10000, and open interest was 45, 00,000. From last few sessions most active put option is 10,000. And Nifty Future yesterday made low 10073.

From 10200 to 10300 strikes (any resistance level, I have mentioned) Nifty Future may start melting. But 10000 level is acting as good support.

Key Support-Resistance level of Nifty Future

Above yesterday’s high (10175) next resistance is 10197. Vital resistance of the day is 10248. If Nifty Future crosses 10284 with volume, then it may touch 10319.90.

Vital support of the day is 10023.

If Nifty Future break 9958.75, then it may take vital support at 9848--9845.95--9843.

Today’s Overview:

If volume support then Nifty Future may form bottom today (for the time being). A reverse rally is on card.

From any resistance a small intraday correction is possible. From support level a relief rally may start.

Thursday, October 25, 2018

Good Morning and Wish You a Happy Trading Session ….

After making intraday high at 10277.95(my prediction was 10284) Nifty Future start to fall as expectation. From intraday low 10155 Nifty Future reverse to 10246.

From 11793 (life time high, made on 31 August’18) Nifty Future already corrected 14.43% (1701 points).

This type of correction and pattern indicating that fall will be continue (but as part of any move a bounce back rally is natural)

Today is derivative expiry; this event may be the provider of strength of a pullback rally.

After two days from three digit net trade to four digit trade was again performed by Foreign Institutional Investors. Yesterday they have net sold -2046.54 Cr

Domestic Institutional Investors have sold 3456.81 Cr. Against buy of 5330.32 Cr.

At yesterday’s session volatility decreased gradually. Yesterday from 22.3475 the index was down by 11.35%.

Today volatility may increase, cause of Derivative Expiry. If India VIX able to cross 20.3520 then volatility may increase again.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Strike price of most active Nifty CALL was 10400, OI was 30, 39,900.

But most active PUT was 10000, and open interest was 42, 65,250. From last few sessions most active put option is 10,000. And Nifty Future yesterday made low 10092.

If Nifty Future breaks the level then Panic selling will be stronger for sudden hours, a bounce back rally is on card.

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10282.5/10284. If Nifty Future crosses 10284 with volume, then it may touch 10319.90(!). But chance is very remote.

This is not a bull phase, from any resistance Nifty Future melt down sharply.

Below 10066 next supports are 9958.75. If Nifty Future break the level, then may take vital support at 9848--9845.95--9843.

Closing below the last mentioned support Nifty Future may take support at 9580. (Not today).

Today’s Overview:

If volume support then Nifty Future may form bottom today (for the time being). A reverse rally is on card.

Therefore your Nifty trading strategy should be short on intraday basis, and long for positional trade.

Today is derivative expiry; it may be the turning time.

Wednesday, October 24, 2018

Nifty trading strategy

Nifty Future Move

Good Morning and Wish You a Happy Trading Session ….

After flat opening Nifty Future made high at 10216 and continued the correction mode throughout the session. From day’s low 10092 Nifty Future has take an intraday bounce back. And end at 10182.

Strategy

From 11793 (life time high, made on 31 August’18) Nifty Future already corrected 14.43% (1701 points).

This type of correction and pattern indicating that fall will be continue (but as part of any move a bounce back rally is natural)

Tomorrow is derivative expiry; this event may be the provider of strength of a pull back rally.

As usual Foreign Institutional Investors were on sell side yesterday. They have bought 4996.8 Cr. and sold 5337.15 Cr. the net trade value was -340.35 Cr.

Investments

Domestic Institutional Investors have sold 4791.07 Cr. Against buy of 4907.48 Cr.

Type of trade was as regular, FIIs were at sell side and at opposite DIIs.

From last two days writing about the resistance 22.0300 as the resistance of India VIX, yesterday it made high of 22.3475.

Today and tomorrow volatility may increase, cause of Derivative Expiry.

Common question

Strike price of most active Nifty CALL was 10500, OI was 37, 04,975.

But most active PUT was 10000, and open interest was 36, 66,075. From last few sessions most active put option is 10,000. And Nifty Future yesterday made low 10092.

If Nifty Future breaks the level then Panic selling will be stronger for sudden hours, a bounce back rally is on card.

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10227. If Nifty Future crosses 10284 with volume, then it may touch 10318(!). But chance is very remote.

This is not a bull phase, from any resistance Nifty Future melt down sharply.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Below 9958.75 Nifty Future may take vital support at 9848/9845.95. Closing below the last mentioned support Nifty Future may take support at 9580. (Not today).

Today’s Overview:

If volume support then Nifty Future may form bottom today (for the time being). A reverse rally is on card.

Overview

Therefore your Nifty trading strategy should be short on intraday basis, and long for positional trade.

Except this tomorrow is derivative expiry, it may be the turning time.

Work sheet of 23 October:

Yesterday there were two calls. 1^st was sell Nifty Future at 10218, after 56 minutes of call delivered, Nifty Future made high 10216 and start to melt down.

Work-sheet

Second call was to sell Nifty Future at 10182, target was 10108, target achieved smoothly.

Tuesday, October 23, 2018

Nifty Trade Tips

Nifty Future Fall

Good Morning and Wish You a Happy Trading Session ….

After a gap-up opening Nifty Future has continued the correction mode throughout the session. From first support of 10277 an intraday bounce back pull Nifty Future to 10364, but fail to sustain and start to melt. Finally the index made low at 10206.

Scope of Short

From 11793 (life time high) Nifty Future already corrected 13.46% (1587 points) from 31 August’18 to 22 October’18. This type of correction and pattern indicating that fall will be continue.

Now the question arises what should the retail investors do. Withdraw their capital or wait for the bottom. But we are already late. This thought was appropriate at the first week of September.

Yesterday Foreign Institutional Investors have bought 4827.11 Cr. and sold 5339.02 Cr. the net trade value was -511.91 Cr.

Domestic Institutional Investors have sold 3472.54 Cr. Against buy of 3775.75 Cr.

Type of trade was as regular, FIIs were at sell side and at opposite DIIs.

Links

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India VIX Snapshot

Yesterday high of India VIX was 21.6725 and low was 17.0800;

Above 22.0300 be cautious, next round of correction may take place.

Strike price of most active Nifty CALL was 10500, OI was 41, 80,500.

But most active PUT was 10000, and open interest was 36, 80,625. From last few sessions most active put option is 10,000. And Nifty Future recent low is 10155,

If Nifty Future breaks the level then Panic selling will be stronger.

Key Support-Resistance level of Nifty Future

Resistance

Vital resistance of the day is 10282.70/10283. Above the level tough hurdle to cross is 10292. This is not a bull phase, from any resistance Nifty Future melt down sharply.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Below 10133 Nifty Future may take next support at 10077. After breaking 10077 Panic selling will pull down the Index around 9960----9629.

Today’s Overview:

From any resistance levels a sharp correction may took place; at long positions maintain strict stop losses. Below 10206 just see Panic selling in the market.

Monday, October 22, 2018

Nifty Trading Today

Nifty Future Fall

Good Morning and Wish You a Happy Trading Session ….

After a gap-down opening Nifty Future has continued the correction mode throughout the session. After an intraday correction of 1.37% from day’s high Nifty Future made low at 10246.

Nifty-Graph

From day’s low the index reverse to 10324. After analysis the wave move it is indicating a clear picture of corrective pattern. From nay resistance I have mentioned below of this post Nifty Future may start a correction.

At last trading session of the previous Foreign Institutional Investors have bought 6916.01 Cr. and sold 7534.27 Cr. the net trade value was -618.26 Cr.

Domestic Institutional Investors have sold 4227.74 Cr. Against buy of 4225.6 Cr.

After a long time both the institutions have trade at same side.

Links

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India VIX Snapshot

At Friday high of India VIX was 20.0525 and low was 17.9800;

Above 22.0300 be cautious, next round of correction may take place.

Strike price of most active Nifty CALL was 10600, OI was 43, 56,825.

But most active PUT was 10000, and open interest was 33, 53,100. From last few sessions most active put option is 10,000. And Nifty Future last recent low is 10155,

Taking support around 10,000. If Nifty Future breaks the level then Panic selling will be stronger.

Key Support-Resistance level of Nifty Future

Resistance

Vital resistance of the day is 10355.45/10356. Above the level tough hurdle to cross is 10375. This is not a bull phase, from any resistance Nifty Future melt down sharply.

Below Friday’s low 10246 Nifty Future may take next support at 10197.52. After breaking 10155 Panic selling will pull down the Index around 9960----9629.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Today’s Overview:

From any resistance levels a sharp correction may took place;

Analysis

at long positions maintain strict stop losses. Below 10155 just see Panic selling in the market.

Friday, October 19, 2018

Nifty Trading View

Nifty Future Fall

Good Morning and Wish You a Happy Trading Session ….

At Wednesday after making high of 10699.95 Nifty Future has start to melt down sharply. After 2.58% correction of intraday high Nifty Future made days low at 10423.90.

Trading View

After a straight fall a bounce back is quite possible. After this correction India VIX was quite, it fail to cross previous day’ high, that suggest or support of any bounce back.

After a long time both the institutional Investors have trade opposite of their usual.

Foreign Institutional Investors have bought 4080.64 Cr. and sold 4540.62 Cr. the net trade value was +140.02 Cr.

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Domestic Institutional Investors have sold 3890.81 Cr. against buy of 3547.70 Cr.3781.17 Cr.

At Wednesday high of India VIX was 18.2025 and around 4% lower than previous day’s high. Low was 14.8425;

Above 24.0300 be cautious, next round of correction may take place.

Analysis

Strike price of most active Nifty CALL was 10700, OI was 38, 70,375. At last session the most active call was the same. This is indicating near 10700 Nifty Future may face résistance.

But most active PUT was 10400, and open interest was 25, 77,825.

Key Support-Resistance level of Nifty Future

Resistance

Today above 10530 Nifty Future will face next resistance at 10562.50. Vital resistance of the day is 10633/10635/10636.

Closing above 10638.45 Nifty Future may tough hurdles at 10716/10719.