Nifty Future Fall
Good Morning and Wish You a Happy Trading Session
….
At Wednesday after making high of 10699.95 Nifty Future has start to melt down sharply. After 2.58% correction of intraday high Nifty Future made days low at 10423.90.
At Wednesday after making high of 10699.95 Nifty Future has start to melt down sharply. After 2.58% correction of intraday high Nifty Future made days low at 10423.90.
After a straight fall a bounce back is quite possible. After this
correction India VIX was quite, it fail to cross previous day’ high, that
suggest or support of any bounce back.
After a long time both the institutional Investors have trade
opposite of their usual.
Foreign Institutional Investors have bought 4080.64 Cr. and sold
4540.62 Cr. the net trade value was +140.02 Cr.
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Domestic Institutional Investors have sold 3890.81 Cr. against buy of 3547.70 Cr.3781.17 Cr.
At Wednesday high of India VIX was 18.2025 and around 4% lower than
previous day’s high. Low was 14.8425;
Above 24.0300 be cautious, next round of correction may take place.
Strike price of most active Nifty CALL was 10700, OI was 38, 70,375.
At last session the most active call was the same. This is indicating near
10700 Nifty Future may face résistance.
But most active PUT was 10400, and open interest was 25, 77,825.
Key Support-Resistance level of Nifty Future
Today above 10530 Nifty Future will face next resistance at
10562.50. Vital resistance of the day is 10633/10635/10636.
Closing above 10638.45 Nifty Future may tough hurdles at 10716/10719.
Support |
Below 463 Nifty Future take next support at 10446.45. If Nifty Future
breaks 10423.90 then a Panic selling will pull down the Index around 9960----9629.
Today’s Overview:
From any resistance levels a sharp correction may took place; at
long positions maintain strict stop losses. Below 10423.90 just see Panic selling
in the market.