Wave Trading

Yesterday written about the range of India VIX was 22.97 to 18.50, average is 20.735. The index made high 20.3575.

The index is moving almost near of its 52 week high (24.0350). If today cross 22.97 then be ready for another round of PANIC.

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

Strike price of most active CALL was 10500, and contact added 29, 97,750. But most active PUT was 10000, and the open interest was 41, 64,000

Just look at the range, upper circuit is 10500 and the lower is 10000. This is indicating very high range of volatility.

Key Support-Resistance level of Nifty Future

Above 10345 vital resistance of the day is 10391.If volume support and Nifty Future able to cross 10429 then single closing above10485 Nifty Future may jump to 10604(!).

Below 10212 vital supports is 10195.Single closing below 10158 Nifty Future may melt down to 10028/9055.

Overview

Today’s Overview:

Wave pattern from 10212 to 10424 to 10291 we can predict it is not the preparation or starting of any Bull move, it is the part of a correction.

Therefore try to short at higher level. Strictly avoid accumulate long for short/long term.

Tuesday, October 09, 2018

Nifty Tips Intraday

Nifty Future Past Trade

Good Morning and Wish You a Happy Trading Session ….

Yesterday within few minutes of opening (09:38 am Nifty Future made day’s first low at 10232. From there take a bounce back of 185 points. But Nifty Future failed to stay at day’s first top 10417.

Relief rally

After that Nifty Future made day’s last bottom at 10212, and after that it a was relief rally (intraday) of 205 points and made final high of the day at 10417.95

After that two sharp rally (intraday) question arise, is Nifty Future bottomed for the time being or this is a part of relief for Bulls.

Or, Nifty Future is going to give chance to Bear for a good short level?

Although sell value of Foreign Institutional Investors was greater then buy value by -1805.07 Cr. but FIIs have decreased their selling trade then last 3 trading days.

From 01 October FIIs have net sold -13027.45 Cr. this is an alarming issue.

As usual Domestic Institutional Investors have net bought +1973.97 Cr.

Yesterday India VIX jumped to 21.765, it is increasing continually. The index is at 90.55% of its 52 week high (24.0350). After two intraday pull back index is increasing.

Rally

Today if cross 22.97 then another round of correction is waiting. If fail to cross 18.50 and start to go down then rally may continue.

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

Strike price of most active CALL was 10800, and contact added 28, 81,350. But most active PUT was 10000, and the open interest was 39, 36,600

Just look at the range, upper circuit is 10800 and the lower is 10000. This is too much abnormal or indicating very high range of volatility.

Key Support-Resistance level of Nifty Future

Above 10497 Nifty Future may face tough hurdle at 10514/10517.

Yesterday written about the vital support 10218, Nifty Future made low 10212 and reverse.

Today vital support of the day is 10340/10338. Single closing below 10212 Nifty Future may melt down to 10028.

Overview

Today’s Overview:

Below 11090 Nifty Future is overall week, single closing above 10517 may indicate fresh rally.

Monday, October 08, 2018

Nifty Trading Tips

Market Melting - Nifty Future Melting

Good Morning and Wish You a Happy Trading Session ….

After a relief rally of (233 points) from 10857 to 11090 on 01 October Nifty Future started to meltdown sharply. On 05 October Nifty Future fall was very destructive.

Relief Rally

The surprised move on rates of Monetary Policy Committee of Reserve Bank of India, consistence fall in INR was the provider of cause/strength of Friday’s down move.

Fall of 12.73% (1501 points fall) within 24 trading days clearly indicating Market already stepped into a BEAR phase.

If Nifty Future anyhow closes below 9960 then the correction will turn to the black picture of 2008 – the great recession.

On 5^th October Foreign Institutional Investors have sold 8238.01 Cr. against buy of 4867.87 Cr. And net trade value was -3370.14 Cr. From 01 October FIIs have net sold -11222.38 Cr. this is an alarming issue.

Although net trade value of Domestic Institutional Investors is 1902.07 Cr. but this buy failed to resist the fall.

Meltdown

At Friday’s session India VIX jumped to 20.4825, it is increasing continually. The index is at 85.12% of its 52 week high (24.0350). It is clearly indicating a bear phase.

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

Most active CE of 5^th October was 11000, the total contracts added 44, 98,275. This is indicating a relief rally may pull the market for the time being.

And most active PUT strike was 10500 and open interest add 36, 09,975.

Key Support-Resistance level of Nifty Future

Below 10270 next crucial supports are 10218. At this fall Nifty Future may melt down to 10028.

Before taking support at lower band a bounce back of 100 to 110 points not is ruled out. Vital resistance of the day is 10376.

O-V

Today’s Overview:

From any support level a small bounce back is on card. But don’t jump for long term view. Any bounce back of 100-110 points is good opportunity for going short.

Friday, October 05, 2018

Nifty Future Trading

Market Melting - Nifty Future Melting

Good Morning and Wish You a Happy Trading Session ….

Every Index, equity is melting except India VIX. Nifty Future already melted 1200 points from life time high 11793. Fall of 10.18% within 23 trading sessions is the point where investors should be captious.

Melting

If Nifty Future anyhow closes below 10308 then the correction will turn to the black picture of 2008 – the great recession.

The main cause which motivate the market move:

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

Yesterday Foreign Institutional Investors have sold 8148.12 Cr. and net trade value was -2760.63 Cr. From 01 October FIIs have net sold -7852.24 Cr. this is an alarming issue.

Although net trade value of Domestic Institutional Investors is 1823.59 Cr. but this buy failed to resist the fall.

Yesterday written: “Once this index crosses 19.1000 levels then Nifty Future will correct dramatically”

Yesterday India VIX made high 19.68 and markets melt like a piece of Ice under the sun.

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

Most active PUT strike was 10500. And the contact added 44, 45,175.

Key Support-Resistance level of Nifty Future

Today below 10585 Nifty Future may take support at 10472—10460. From any support level Nifty future make a bounce back, but it will be a part of correction.

Nifty Future may face first resistance at 10699, above 10789 tough huddle is 10818---10875.

Overview

Today’s Overview:

At any reverse don’t jump to buy at long term view.

Thursday, October 04, 2018

Nifty Tips Today

Nifty Future at past Session

Good Morning and Wish You a Happy Trading Session ….

After opening yesterday total move was down side. A small reverse from 10931 to 11025 was just a part of a corrective move. From 11090 Nifty Future corrected 1.89% to 10880 yesterday.

searching levels

Present pattern showing that it is quite possible Nifty Future may break recent low 10857. If it happened then more bloody correction is waiting for investors.

The main cause which motivate the market move:

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

Yesterday Foreign Institutional Investors have taken the role of seller. Net trade value was -1550.04 Cr. although on Monday they have also sold -1841.63 Cr.

On the other hand buy value of Domestic Institutional investor was 4785.31 Cr higher then sell value by +1402.47 Cr.

Yesterday’s high of volatility index was 18.64, near of Monday’s high 18.8625. Once this index crosses 19.1000 levels then Nifty Future will correct dramatically.

Any correction of India VIX below 15.1100 will indicated the change of up move.

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

Most active call on Monday was 11200, open interest add 28, 30,200 contracts. From Friday to Wednesday strike price 10200 (CE0 is most active.

And most active put was 10800.

Bear Contral

Key Support-Resistance level of Nifty Future

Yesterday written about the support 10884, Nifty Future made low 10880. Today if Nifty Future breaks the strong support 10861 then will touch 10844 within couple of minutes.

Below 10834.65---10825 just wait to watch 10754/10751.

Vital resistance of the day is 10927.65----10931---10937.

Overview

Today’s Overview:

Below 10853 PANIC may meltdown Nifty Future sharply to lower level. If Nifty Future takes support above 10861 and reverse then short covering will pull the Market above 11090.

Wednesday, October 03, 2018

Nifty Future Today

Nifty Future at past Session

Good Morning and Wish You a Happy Trading Session ….

Monday written: “although this down linehas started from 11793, it seems Nifty Future has come to near of its bottom.(but don’t’ jump to buy now).”

Just look what happened, Nifty Future made low 10857 (writing about 10861 from last few days’) and reverse 233 points, and make day’s high 11090.

Today it is going to be clear whether it was a bounce back or part of the correction move (!). if it was a starting of bounce back then after a intraday correction Nifty Future will form day’s high up then previous high (11090).

Or if it was a part of correction, then we Nifty Future will break recent low to form new lower support level.

10861

On Monday buy value of Foreign Institutional Investors was 5687.74 Cr. lower then sell value by -1841.63 Cr. It seems FII were at the sell side. Although the advance-decline ratio of Nifty 50 was 34:16.

On the other hand buy value of Domestic Institutional investor was 4948.82 Cr higher then sell value by +1804.94 Cr.

India VIX

At past trading session after making a border line high 18.8625 India VIX made day’s low at 16.27. Today if volatility index make low around 15.1100 or break it then a sharp bounce back is quite possible.

Above 18.8625 it may run to form new low.

The main factors which decide the market moves:

Most active call on Monday was 11200, open interest add 22, 52,625 contracts. At last Friday this strike was most active, and Nifty Future made high 11090.

And most active put was 10800, contracts add was 31, 92,900.

Key Support-Resistance level of Nifty Future

Today below 11037/11034 Nifty Future will start to melt down, if stay below this level minimum fifteen minutes then may melt to 10946.35.

Below 10911 will take a small bit of time to touch 10884.closing below 10853-10840 Nifty Future may correct to 10751—10738.

Above Monday’s high (11090) next vital resistance is 11206.

Overview

Today’s Overview:

Nifty Future may take an intraday correction at beginning of the session. If take a strong support at any of mention support level and start to take a bounce back then may cross 11090.

Monday, October 01, 2018

Nifty Future Tips

Nifty at Yesterday’s Session

Good Morning and Wish You a Happy Trading Session ….

Nifty Future is going towards down with steady and zigzag move, although this down line have started from 11793, it seems Nifty Future has come to near of its bottom. (but don’t’ jump to buy now).

Oversold

Last trading day of September and 1^st trading day of October expiry, opening was with positive nod, after making day’s high 11099 Nifty Future failed to sustained at upside. And melt down to 10892 at day’s low.

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

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

OI at option Trading

At last Thursday FIIs have bought around 552.44 Cr. but on Friday they have sell a lot, and net trade volume was -1699.94 Cr.

On the other hand Domestic Institutional Investors bought huge. They have bought 3256.34 Cr. it seems DIIs are expecting reverse of falling market.

At Friday high of India VIX was 17.6925. Market fall is continue but VIX is not crossing its recent high 18.3100 (25.09.2018). That means is going into the circle is entering into oversold zone.