Nifty Future Reversal

Good Morning and Wish You a Happy Trading Session ….

Yesterday’s trade was like a puzzle, opening at 10610.90Nifty Future made high 10631 after that start to melt down to 10585, that was the bottom of the day. From this point Nifty Future starts to move up.

End of the session the index made high 10695. Where Nifty Future is going? Trying to cross 10779? If yes then why the move is zigzag? As regular up move why this is not going?

All answer will be clear today.

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

Yesterday Foreign Institutional Investors have bought 5654.3 Cr. and sold 4842.78 Cr. net trades were +811.52 Cr.

And Domestic Institutional Investors have sold 3338.93 Cr. Against buy of 337014 Cr. net trade values +31.21 Cr,

From last two days both the institutions are buying more than selling.

India VIX Snapshot

India VIX made high 20.4025 and low 16.6050 yesterday.  

Advance and decline ratio of the Nifty is 26:24

OI at Option Trading

Strike price of most active Nifty CALL was 10700, open interest add 26, 30,475

But most active PUT was 10500, and Open Interest was 38, 39, 250,

Key Support-Resistance level of Nifty Future

Above 10731 next resistance of the day are 10787…..now vital question is what the top is or where the life line will end of this move. Vital resistance may be 10810.75 or 10811

On the down side crucial support level of the day is 10568….if break 10511.95 then Nifty Future will melt down below 10454-10450 within hours.

Today’s Overview:

From days high a sharp correction is on card.

Nifty Future Buy Sell

Good Morning and Wish You a Happy Trading Session ….

After flat opening Nifty Future meltdown to 10492, the bottom of the day. From this level Nifty Future start to spark, and run up 1.51% of days low. And touch 10650.

Now question arise is Nifty Future going to cross 10779 today? If so then we may see new recent high (not lifetime) and a sharp correction both.

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

Yesterday Foreign Institutional Investors have bought 4756.12 Cr. and sold 4693.38 Cr. net trades were +62.74 Cr.

And Domestic Institutional Investors have sold 4276.96 Cr. Against buy of 3925.18 Cr. net trade values +351.78 Cr,

India VIX Snapshot

India VIX made high 20.5275 and low 15.0175 yesterday.  

Advance and decline ratio of the Nifty is 34:16

OI at Option Trading

Strike price of most active Nifty CALL was 10700, open interest add 32, 54,700

But most active PUT was 10500, and Open Interest was 42, 33, 6000,

Key Support-Resistance level of Nifty Future

Above 10737 vital resistance of the day are 10810---10815…..

On the down side crucial support level of the day is 10568….if break 10511.95 then Nifty Future will melt down below 10454-10450 within hours.

Today’s Overview:

From days high a sharp correction is on card.

Nifty Trade View

Good Morning and Wish You a Happy Trading Session ….

After flat opening Nifty Future meltdown to 10511.95, the bottom of the day. On Thursday early morning (at 07:07 am) updated Blog that vital support is 10516.

From last three days the conclusion of a bear move is being confirmed.

From its up journey from 10030 Nifty Future already rallied 7.47%. Now the question arise is Nifty Future near of the TOP, if so then a sharp bear move is waiting. Coming BEAR move may melt down Nifty Future near 9900 level.

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

As on 22 November, Foreign Institutional Investors have bought 3402.36 Cr. and sold 2956.12 Cr. net trades were +446.24 Cr.

And Domestic Institutional Investors have sold 2245.28 Cr. Against buy of 2294.96 Cr. net trade values +49.68 Cr,

India VIX Snapshot

India VIX made high 20.0025 and low 17.0875 yesterday.  

Advance and decline ratio of the Nifty is 10:40

OI at Option Trading

Strike price of most active Nifty CALL was 10700, open interest add 38, 06,250

But most active PUT was 10500, and Open Interest was 29, 78,550,

Key Support-Resistance level of Nifty Future

Above 10561/10565 vital resistance of the day is 10604.45…..

On the down side Crucial support level of the day is 10454---10450.95….

Today’s Overview:

From first half’s high a sharp correction is on card.

Nifty Future Trading

Good Morning and Wish You a Happy Trading Session ….

After flat opening Nifty Future meltdown to 10577, the bottom of the day. After this, reverse with positive mood to 10630 then after 10659.

But wave structure is suggesting that this not a bounce back, may be the part of a corrective wave. Today’s first half’s trading /move will clear the scenario.

From its up journey from 10030 Nifty Future already rallied 7.47%. Now the question arise is Nifty Future near of the TOP, if so then a sharp bear move is waiting. Coming BEAR move may melt down Nifty Future near 9900 level.

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

Yesterday Foreign Institutional Investors have bought 3237.55 Cr. and sold 4889.59 Cr. net trades were -1652.04 Cr.

Domestic Institutional Investors have sold 3682.97 Cr. Against buy of 3076.94 Cr. net trade values +606.73 Cr,

India VIX Snapshot

India VIX made high 20.0975 and low 15.5400 yesterday.  

Advance and decline ratio of the Nifty is 24:26

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 33, 26,550

But most active PUT was 10600, and Open Interest was 28, 04,100,

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10680, above this Nifty Future may run to touch 10733.

On the down side below 10516.65 Nifty Future may take support at 10464.70.

Today’s Overview:

From days high a sharp correction is quite possible.

Nifty Trading Today

Good Morning and Wish You a Happy Trading Session ….

After open at red Nifty Future melt down slow but steadily, at downfall of 98 points session Nifty Future has tried to recover some. But the initiative was as regular part of a wave.

From its up journey from 10030 Nifty Future already rallied 7.47%. Now the question arise is Nifty Future near of the TOP, if so then a sharp bear move is waiting. Coming BEAR move may melt down Nifty Future near 9900 level.

After analysis the wave structure it can be predict this is not time for fresh short position. Keep in touch with our post.

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

Yesterday Foreign Institutional Investors have bought 3278.92 Cr. and sold 4032.09 Cr. net trades were -753.17 Cr.

Domestic Institutional Investors have sold 2835.02 Cr. Against buy of 2790.96 Cr. net trade values -44.06 Cr,

India VIX Snapshot

India VIX made high 19.6475 and low 18.2525 yesterday.  

Advance and decline ratio of the Nifty is 06:44,

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 36, 14,100

But most active PUT was 10600, and Open Interest was 26, 47,725,

Key Support-Resistance level of Nifty Future

Below yesterday’s low vital support of the day are 10599.95, once Nifty Future start to trade below 10551 then Bear move will be confirmed.

Vital resistance of the day is 10697---10702. If Nifty Future able to trade above (!) 10808 then wait for 10839 for fresh short.

 

Today’s Overview:

Yesterday written- “Those are holding long be cautious, a sharp correction is on card.” Just look what happened.

The total session was corrective only. Today from first half’s bottom an up move is possible.

Nifty Future Analysis

Good Morning and Wish You a Happy Trading Session ….

After open at green Nifty Future made high 10745 and fail so sustain above the level and fall down to 10693.70, written yesterday from first hour’s top a small intraday correction is quite possible.

Making bottom at 10693.70 Nifty Future run towards high and made intraday new high 10779.

From its up journey from 10030 Nifty Future already rallied 7.47%. Now the question arise is Nifty Future near of the TOP, if so then a sharp bear move is waiting. Coming BEAR move may melt down Nifty Future near 9900 level.

After analysis the wave structure it can be predict this is not time for fresh short position. Keep in touch with our post.

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

Yesterday Foreign Institutional Investors have bought 4750.06 Cr. and sold 3646.70 Cr. net trades were +1103.36 Cr.

Domestic Institutional Investors have sold 3204.85 Cr. Against buy of 2894.59 Cr. net trade values -310.26 Cr,

India VIX Snapshot

India VIX made high 19.6500 and low 13.5150 yesterday.  Low bend of the index supporting the less movement at market.

Advance and decline ratio of the Nifty is 37:13,

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 34, 05,150

But most active PUT was 10500, and Open Interest was 33, 32,925, from couple of day’s lower band of active put 10500, and the open interest is increasing.

Key Support-Resistance level of Nifty Future

Yesterday written about the resistance 10771.95, Nifty future made high 10779. Now above 10782 Nifty future may run to touch 10837.78---10845.

First support of the day is 10716.70---10709.59

Today’s Overview:

Those are holding long be cautious, a sharp correction is on card.

Nifty Future Trade

Good Morning and Wish You a Happy Trading Session ….

After a flat opening Nifty Future made day’s high 10709 at Friday.  After that the index starts to melt down slowly and touch 10636 as bottom of the day. End of session Nifty Future climbed to 10907 again.

From last few sessions volume is decreasing and Open Interest is increasing gradually. As a result Nifty Future is moving zigzag, that is a confused market participant.  

From 14^th November Nifty Future pattern is like a saw cutter; very close tops and bottoms, although this type of market is not suitable for intraday trade.

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

At Friday Foreign Institutional Investors have bought 5637.94 Cr. and sold 4793.12 Cr. net trades were +844.82 Cr. and Thursday’s net trade were + 2043.06 Cr., huge buy after a long time.

Domestic Institutional Investors have sold 4238.31 Cr. Against buy of 3866.07 Cr. net trade values -372.24 Cr,

India VIX Snapshot

India VIX made high 18.8675 and low 16.8975 yesterday.

Advance and decline ratio of the Nifty is 31:19, upmove trade tendency.

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 34, 07,625

But most active PUT was 10500, and Open Interest was 28, 05,975

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10733/10734/10735. Above this level next resistance is   10768.45---10771.95.

First support of the day is 10670.

Next Top may be 10940.25---10963.95…

Today’s Overview:

Movement will be zigzag. From first hour’s high a small intraday correction is possible.

Nifty Future Today

Good Morning and Wish You a Happy Trading Session ….

After a flat opening Nifty Future very slowly touch 10632 and slipped  to 10586, after that made day’s high at 10680 and again fail to sustain above. Melt won to 10616.

From couple weeks movement of Nifty Future is very slow, at 31^st October Nifty Future made low 10111 and reverse to 10419, to total intraday rally of 308 points.

1^st November Nifty Future open at 10440 made low 10346 and reverse to 10447. Total journey was of 195 points. But from couple of days this is very slow. And volume less session never attracts day traders.   

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

Yesterday Foreign Institutional Investors have bought 6077.91 Cr. and sold 4034.85 Cr. net trades was + 2043.06 Cr., huge buy after a long time.

Domestic Institutional Investors have sold 3449.92 Cr. Against buy of 3284.61 Cr. net trade values -165.31 Cr,

India VIX Snapshot

India VIX made high 18.9150 and low 15.4975 yesterday.

Advance and decline ratio of the Nifty is 29:21, average trade tendency.

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 30, 59,775

But most active PUT was 10600, and Open Interest was 18, 07,800

Key Support-Resistance level of Nifty Future

Above yesterday’s high (10680) Nifty Future will run to touch 10771.95.

Below 10608.85 next vital support of the day is 10546.65.

Today’s Overview:

If open above 10616 and cross 10680 without break the low, then a sharp intraday rally is on card.

Nifty Intraday Tips

Good Morning and Wish You a Happy Trading Session ….

The day before yesterday I have written about the resistance 10680, yesterday Nifty Future made day’s high 10680, and yesterday written about the fist support 10549, Nifty Future made day’s low at 10551.

After open at green Nifty Future failed to hold the strength, and start to fall. Although the fall was zigzag, but was slow and steady.

After making low at 10030 Nifty Future is moving up very fast, but from last week the speed decreased. This indicate a confusion among the investors.

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

Yesterday Foreign Institutional Investors have bought 5516.81 Cr. and sold 5439.43 Cr. net trades was + 277.38 Cr., almost average trade.

Domestic Institutional Investors have sold 5067.42 Cr. Against buy of 4795.18 Cr. net trade values -272.24 Cr, sum of last three trading sessions sold amount is -1647.36 Cr.

India VIX Snapshot

India VIX made high 19.5075 and low 14.7700 yesterday.

Advance and decline ratio of the Nifty is 23:27, average trade tendency.

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 29, 29,725

But most active PUT was 10500, and Open Interest was 25, 30,650

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10652; if Nifty Future fails to cross the hurdle then a sharp correct is on card.

If so happen then the correction may pull the Index around 10429. And after that a zigzag move is quite possible.

Today’s Overview:

Fail to cross 10652 then be ready for a sharp intraday correction.