Nifty Future Traded
Good Morning and Wish You a Happy Trading Session
….
After opening in red Nifty Future continued the journey to red on Friday. And Nifty Future made intraday low at 11512. After a sharp bounce back touched day’s high at 11648.
After opening in red Nifty Future continued the journey to red on Friday. And Nifty Future made intraday low at 11512. After a sharp bounce back touched day’s high at 11648.
Stock Chart |
Although total journey from 11437 to 11648 was a zig-zag move, it will try once to take a reversal from day’s low to cross recent high.
At last trading day most active call was 11600 and open interest
was 29, 12,400 contracts. The most active put was 11500, OI was 47, 64,075
followed by 11400 and open interest is 47, 42,025.it clearly suggest that Nifty
Future may try to 11400 within coming sessions.
On Friday FII and DII activity was at same side, although
there was huge difference of net traded value. FII balance there both side
trade and net value was 37.56 Cr. On the other hand DII have trade maximum on buy side and net value was 942.45
On Friday I have written “IndianVIX made high 14.2000 greater than previous day. Increasing of Market and VIXsimultaneously is very confusing”
Look just
what happened, there was two type of move, at first part Nifty Future fall down
to 11512 and reverse from the low with a sharp move to 11648.and last trading
session Indian VIX made high 14.1425, running at high from 1-day/1 week and
also 1 month’s high.
That suggest
more volatility and more correction may drag Nifty Future near 11334 levels.
Key Support-Resistance level of Nifty
future
If Nifty Future open below 11614 then it will be a gap-down
opening, in that case vital supports of the day will be
11567-------11559/11558.70. Single closing below 11512 Nifty Future may drag
down to 11413—11334.
Any kind of reverse from day’s support level and cross Friday’s
high 11648 then may top at 11670/11672. Closing above 11688 then tough hurdles
to cross is 11702.50.
last 3 day's profit 326 points |
Today’s Overview:
If open at gap-down then it may be a volatile session and from 2nd
support level Nifty Future may take a bounce back.
Work analysis of last three days (05
September to 07 September):
Last Three day’s total profit was 326 points /Lot. Please READ MORE