Good Morning and Wish You a Happy Trading Session ….
From Couple
of days writing Nifty Future is near of its top for the time being, the rally
was started from 10030, although my predicted level was 11002, before 28 points
at 10974 Nifty Future made the TOP.
A rally of
944 points was very sharp and strong. But I have written earlier this was not a
bull move, was a part of BEAR phase.
Now within
four sessions Nifty Future meltdown 363 points, move was very slow but steady.
Where the
downfall will go, let discus at Support-Resistance paragraph.
Yesterday Foreign Institutional Investors have bought
5529.92.16 Cr. and sold 5457.45 Cr. net trades were +72.47 Cr.
And Domestic Institutional Investors have bought
2893.21 Cr. and sell of 3282.99 Cr. net trade values -389.78 Cr,
From last couple of days DIIs are selling.
India VIX made high 19.5500 and low 15.9100 on
yesterday.
Advance and decline ratio of the Nifty is 04:46,
clear corrective move.
Strike price of most active Nifty CALL was 11000,
turnover was 11, 10,820.62 lacks. And most active PUT was 10500, turnover was
7, 88,097.16 lacks.
Key
Support-Resistance level of Nifty Future
Vital support of the day is 10594.30, crucial
support of the day is 10490----10488---10482.
First resistance of the day may be 10652.65.
Today’s
Overview:
From couple of days writing
market is overbought. Look what happened. From crucial level a small bounce
back is possible.
