Good Morning and Wish You a Happy Trading Session ….
From last
three sessions Nifty Future is melting continuously. At 25th and 28th of January 2019 written from day’s high s sharp correction is possible.
And yesterday
I have written from day’s low Nifty Future may take a bounce back (intraday).
Nifty Future made low 10597.70 and reverse to 10706.
Yesterday
Institutional Investors have bought 5958.38 Cr. and sold 6312.74 Cr. net trades
were -354.36 Cr.
And Domestic
Institutional Investors have bought 3740.77 Cr. and sell of 3639.5 Cr. net
trade values +81.70 Cr,
Yesterday INDIA VIX made high 19.7950 and low
18.0400 (increasing)
Advance
and decline ratio of the Nifty was 31:19
Most
active CE was 10,900, and OI was 38, 33,175. And active PUT strike was 10500,
OI 27, 01,950.
Key Support-Resistance level of Nifty Future
First resistance of the day is 10732.80….Above
10748 next vital resistances may be 10865.65
Below 10661 next supports are 10603. Once Nifty
Future break 10597.70 then may melt down to 10549.30
Today’s Overview:
Mentioned 2nd
resistance may be the direction changer.