Muhurat Trading - 2018

The auspicious occasion of “Muhurat” trading will be held today from 5:15 pm to 6:30 pm on the occasion of ‘Diwali and Laxmi Puja’

“Muhurat” trading is being celebrated every year at Diwali Laxmi Puja with belief to make profit from Stock Market.

After making life-time high at 11793 on 31^st August’2018 Nifty Future already melts down 14.95%, although the Index reverses 6% from the bottom 10030 at last two weeks.

But lots number of heavy stock underperforming, and are passing through correction. Therefore chance of a good profit at “Muhurat” trading is below expectation.

Today If Nifty Future fail to cross 10620 then may start to melt down to 10436—10430—10423.95

If happened so then Nifty Future may reverse 120 to 150 points from the low.

Above 10665 Next vital resistance is 10716.

Nifty Future Rally

Good Morning and Wish You a Happy Trading Session ….

After negative opening, Nifty Future has tried to recover some. Making day’s high at 10570 the index fails to sustain above and start to melt. All-over the session it was a zigzag move. Nifty Future was trading within a small zone.

Volume of the market was below average and volatility index repeat Friday’s zone. Therefore no clear direction was shown yesterday. But we are expecting sudden bounce back from support level.

    

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Diwali Muhurat trading 2018: NSE, BSE trading time on 7 November;

To mark the auspicious occasion of investing during Diwali, India’s leading stock exchanges -- NSE and BSE -- have declared the trade timings for Diwali Muhurat trading 2018. Diwali Muhurat trading will be conducted on the festival day itself, 7 November 2018 -- Diwali -- in the evening. Diwali Muhurat trading will begin from 5:00 pm and will last till 6:40 pm, BSE and NSE said in separate notices.

Source: NSE

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From couple of day writing about the rally, those are regular read of my posting have noticed it. From 10030 Nifty Future already made high 10632, net 602 points of rally.

But after predict the wave pattern it is clear that the move will continue its journey more few sessions. And we can see Nifty Future is touching 11179 levels just after Diwali.

But one factor is 10716. It closes about it then the mentioned top is possible.

Conflict after sudden direction change

When Market changes its direction suddenly then generally a conflict raised. After 14.96% of fall through 35 trading days, when Nifty Future reverse 6% within 6 trading day’s then generally a controversy took place.

Is the Index already made bottom? Or this is the beginning of a fresh Bull move. This is the point of conflict.

India VIX Snapshot

India VIX made high 19.8225 and low 17.7350 yesterday. This zone was exact copy of Friday’s. Breakout of this will clear the rally.

Advance and decline ratio of the Nifty is 23:27 (almost 50-50).

OI at Option Trading

Strike price of most active Nifty CALL was 10700, and turnover was 07, 33, 957 .56 laces.

But most active PUT was 10500, and turnover was 7, 40,032.25.lacs. From last two sessions the range of most active options is same.

Key Support-Resistance level of Nifty Future

If Nifty Future break 10505 within first hour of trading then below 10430 crucial supports are 10423.95---10420.

Above 10665 Nifty Future will run to touch 10716.25. Once Nifty Future cross and close above the mention level then we may see 10940-963.95 as next top. The move may continue more (will update timely)…..

Today’s Overview:

From first half’s low a straight rally is on card, those are holding short positions be cautious,

Don’t jump to short….for short term…..

Nifty Trading Tips

Good Morning and Wish You a Happy Trading Session ….

On last trading day of previous week Nifty Future made high 10632 and slowly made day’s low 10542. Movement was very slow through the session.

From couple of day writing about the rally, those are regular read of my posting have noticed it. From 10030 Nifty Future already made high 10632, net 602 points of rally.

But after predict the wave pattern it is clear that the move will continue its journey more few sessions. And we can see Nifty Future is touching 11179 levels just after Diwali.

But one factor is 10716. It closes about it then the mentioned top is possible.

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

On Friday Foreign Institutional Investors have bought 9069.85 Cr. and sold 9266.75 Cr. net trade was -196.9 Cr.

Domestic Institutional Investors have sold 4315.38 Cr. Against buy of 5168.37 Cr.

India VIX Snapshot

India VIX made high 19.1925 and low 17.4850 yesterday. Now the zone is changing, but this Instruments show result too late.

Advance and decline ratio of the Nifty is 37:13

OI at Option Trading

Strike price of most active Nifty CALL was 10700, and turnover was 14, 02, 493 .39 laces.

But most active PUT was 10500, and turnover was 9, 80,889.90.lacs. From last few sessions most active PE was 10000, now it change/jump to 10500 that a good sign for Bulls.

Key Support-Resistance level of Nifty Future

Below 10542 next vital supports are 10521.76. This is very vital support of the. If Nifty Future breaks this level then we may see Nifty Future melting sharply to 10420.

Above 10665 Nifty Future will run to touch 10716.25. Once Nifty Future cross and close above the mention level then we may see 10940-963.95 as next top. The move may continue more (will update timely)…..

  

Today’s Overview:

From first half’s low a straight rally is on card, those are holding short positions be cautious,

Don’t jump to short….for short term…..

Nifty Tips Today

Good Morning and Wish You a Happy Trading Session ….

Yesterday after a small gap up opening Nifty Future made its first top of the session at 10440. And start to melt slowly towards day’s low 10346. Although t last hour of trading, the Index made a new high at 10447.

Making new high at end of the session it indicate a run to new high, but any gap-up opening and forming a top only show a slow and steady correcting session.

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

Ooh...Foreign Institutional Investors are at buy side, this happen rare at last couple of weeks, they have bought at 6312.69 Cr

And they have sold 5963.94 Cr. yesterday. Net trade value was +348.75 Cr.

Domestic Institutional Investors have sold 3854.46 Cr. Against buy of 3345.49 Cr.

India VIX Snapshot

India VIX made high 20.1300 and low 18.8975 yesterday. From last 15 days the index moving within a zone, break out from the zone will accelerate the move.

Advance and decline ratio of the Nifty is 25:24

OI at Option Trading

Strike price of most active Nifty CALL was 10500, and turnover was 8, 11, 440 .32 laces.

But most active PUT was 10000, and turnover was 8, 13,034.39.lacs. From last few sessions most active option zone10500 to 10000, break out of any will increase the activity of the Index.

Key Support-Resistance level of Nifty Future

Above 10544 Nifty Future will run to touch 10599.95---10604.50. Once Nifty Future cross and close above the mention level then we may see 10665 as next top.

If Nifty Future touches the mentioned hurdles then support may be 10485/10480.belot this crucial support is 10393/10388.80.

Today’s Overview:

Today if Nifty Future open at gap-up then touch the top (I mentioned earlier) will start to trade at narrow rage. In case of flat opening the Index will slowly form the Tops.

Nifty Future Tips

Good Morning and Wish You a Happy Trading Session ….

Yesterday after a flat opening Nifty Future start to melt and bottomed at 10111. And from this point it starts to run towards up and never take any down move. End of the session Nifty Future made high 10419.

The rally gave bull a relief, after a long correction this kind of pull-back is quite positive for investors. But after analyzing the wave pattern this is clear this pull back is not a long term rally.

Investors should be cautious at any stage of the up journey, especially when the index making a new top.

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

Foreign Institutional Investors have bought at 8828.39 Cr and sold 9022.04 Cr. yesterday. Net trade value was -193.63 Cr. after 3.046% rally they were at sell side.

 Domestic Institutional Investors have sold 5177.01 Cr. Against buy of 4052.09 Cr.

India VIX Snapshot

India VIX made high 22.8150 and low 19.5750 yesterday. Increasing of premium when ever contract is going up it is indicating some this is wrong.

OI at Option Trading

Strike price of most active Nifty CALL was 10500, and turnover was 12, 64, 267 .77 laces.

But most active PUT was 10000, and turnover was 10, 44,703.15.lacs. From last few sessions most active put option is 10,000.

Key Support-Resistance level of Nifty Future

Above yesterday’s high Nifty Future will face next resistance at 10474.95---10488. After crossing this hurdle Nifty Future may run to 10582—10595.

If Nifty Future opens below 10419 then first support of the day is 10346.

After breaking 10303.75 Nifty Future may take crucial support at 10251.90.

Today’s Overview:

Opening below 10419 and stay below 10346 for a while may be the cause of an intraday correction.    

Work Sheet of 31 October’2018:

At 10:39 am sent sms to our Clients to Buy NF @10155 SL 10149 Target (Intraday) 10376/10412.

After 12 minutes Nifty Future made low 10153.85 and reverse, end of the day made high 10419.

Nifty Future Analysis

Good Morning and Wish You a Happy Trading Session ….

Yesterday at morning update, written about the resistance 10317, although Nifty Future made high 10315 and start to melt down. Through the session an intraday correction mood was continued.

After a deep correction from 11793 to 10030 yesterday’s high was the first top, which can be called starting of a bounce back. Analysis of Nifty Future, suggest that today’s low is very vital.

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

Foreign Institutional Investors have bought at 3974081 Cr and sold 5566.83 Cr. yesterday.

 Domestic Institutional Investors have sold 2431.19 Cr. Against buy of 3794.23 Cr.

India VIX Snapshot

India VIX made high 20.7725 and low 19.5500 yesterday. Decreasing of high and low of this Index is good for bulls.

Close below 17.2656 will confirm the rally. Yesterday advance-decline ratio was 21:29

OI at Option Trading

Strike price of most active Nifty CALL was 10500, and turnover was 9, 07, 909 .21 laces.

But most active PUT was 10000, and turnover was 6, 31,082.49.lacs. From last few sessions most active put option is 10,000.

Key Support-Resistance level of Nifty Future

Yesterday written about the first resistance 10317.95, Nifty Future made high 10315 and started to melt down.

Today above 10282 Nifty Future will try to cross 10317, once it able to do then straight resistance zone will be 10480.50----10490.55.

Vital support of the day is 10163.82. Crucial support of the day is 10121.75. Once Nifty Future starts to bounce back then don’t hold any short positions.

Today’s Overview:

From days low a sharp bounce back is quite possible, if cross yesterday’s high 10315 then rally will be continue.

Happy Diwali Offer

                 

                              Monthly:  ₹ 6000/- after 30% off = ₹ 4200/-
                              Quarterly: ₹ 12000/- after 30% of = ₹ 8400/-
                              Yearly: ₹ 32000/- after 30% off = ₹ 22400/-

Nifty Future Rally

Good Morning and Wish You a Happy Trading Session ….

Yesterday after a positive opening, Nifty Future holds the acceleration of up move. From last few days writing about the rally. Yesterday’s move indicated the rally has begins. It will be clear today.

Although the wave pattern (till now) suggesting the up move. If today Nifty Future able to cross 6.75% from the low, than it will be a good indication of the rally.

After opening at 10089 Nifty Future run straight towards up, an intraday rally pulled Nifty Future to 10306.

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

Yesterday Foreign Institutional Investors have bought at 4411.77 Cr and sold 6642.56 Cr. despite of up-move of 2.75% from low 10030 within two trading session, this kind of selling is confusing.

 Domestic Institutional Investors have sold 2925.24 Cr. Against buy of 5452.14 Cr.

India VIX Snapshot

India VIX made high 20.8125 and low 19.2325 yesterday. Decreasing of high and low of this Index is good for bulls.

Close below 17.2656 will confirm the rally. Yesterday advance-decline ratio was 42:8.

OI at Option Trading

Strike price of most active Nifty CALL was 10500, and turnover was 9, 64, 294 .83 laces.

But most active PUT was 10000, and turnover was 7, 32,169.lacs. From last few sessions most active put option is 10,000. And Nifty Future yesterday takes a bounce back.

Key Support-Resistance level of Nifty Future

Above 10317.95 Nifty Future may face next resistance t 10488. Single closing above 10488 Nifty Future may run to 10714.85

Today’s Overview:

After making low at 10030 on Friday Nifty Future reverse 276 points yesterday. Now looking towards 10715, this will confirm the rally.

Work analysis:

Friday our Clients have bought 10650 CE @34 today the instrument made high 70.

Nifty Future Behavior

                             

             

Good Morning and Wish You a Happy Trading Session ….

On Friday Nifty Future opened flat with negative mood. After making day’s low at 10030 with sharp move, the Index tried to take a bounce back. And make day’s high at 10177.

But Nifty Future filed to sustain at high and meltdown again near day’s low.

From 11793 (life time high, made on 31 August’18) Nifty Future already corrected 14.95% (1763 points).

Today’s first half’s Nifty Future behavior will show the direction of next move.

Now question arise, is Nifty Future going to break 10000 today? what will be the reversal point of Nifty Future. From which support level it may take reverse.

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

Foreign Institutional Investors have bought at 4230.17 Cr and sold 5587.37 Cr. on Friday.

 Domestic Institutional Investors have sold 2344.76 Cr. Against buy of 4220.65 Cr.

India VIX Snapshot

On Friday high of the Index was 21.04000 and low was 18.6600 (lower than previous close 18.9625).

If today the Index break 17.4990, then will confirmed the rally.

OI at Option Trading

Strike price of most active Nifty CALL was 10500, OI was 320, 18,175.

But most active PUT was 10000, and open interest was 34, 03,875. From last few sessions most active put option is 10,000. And Nifty Future yesterday made low 10073.

Key Support-Resistance level of Nifty Future

Above 10077.65 Nifty Future may face next resistance t 10101. Vital resistance of the day is 10142/10147.

Vital support of the day is 9885. Crucial support of the week is 9827.

Today’s Overview:

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

And today Nifty Future may break 10000 and bottom may be below 9900.