Nifty Tips Intraday

Good Morning and Wish You a Happy Trading Session ….

From 1st November’2018 writing about that next TOP is going to be 10665, and from this hurdle 2-3 days correction is on card. Look what happened, yesterday Nifty Future made high 10664.60 and melt down 175 points.

After a flat opening Nifty Future hit 10664.60 and start to fall straight, after making base at 10585 it tried recover some, but it was part of a move.

At the end of the day Nifty Future made low 10490.

After predict the wave pattern it is clear that the move will continue its journey more. And we can see Nifty Future is touching 11179 very soon.

But one factor is 10716. It closes about it then the mentioned top is possible.

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

Yesterday Foreign Institutional Investors have bought 4499.38 Cr. and sold 3667.23 Cr. net trade was + 832.15, at last two trading sessions FII total bought +1446.29 Cr.

Domestic Institutional Investors have sold 3128.32 Cr. Against buy of 2054.38 Cr. net trade values -1037.84 Cr, sum of last two trading sessions sold amount is -1375.12 Cr.

India VIX Snapshot

India VIX made high 19.4625 and low 16.4750 yesterday.

Advance and decline ratio of the Nifty is 09:41

OI at Option Trading

Strike price of most active Nifty CALL was 10700, open interest add 31, 09,050

But most active PUT was 10500, and Open Interest was 21, 60,675

Open position of Nifty Future is increasing from last nine days, but volume or market participation is decreasing.

f

Key Support-Resistance level of Nifty Future

Above 10535 very vital resistances are 10568. Once Nifty Future crosses 10680 then will jump to hit 10716 with in the session.

Below yesterday’s low (10490) vital support is 10465, Crucial support of the day is 10442.

Today’s Overview:

Yesterday written:

“From any of days high a small term (2-3 days) correction is quite possible.”

Look what happened, after making top at 10665 it starts to melt down and made base 10490.

Today from base a sharp bounce back is quite possible.

Nifty Future Live

Good Morning and Wish You a Happy Trading Session ….

At Friday Nifty Future opened with red and made days low at 10571. From this poin Nifty Future started to move up. After a small bounce back the index made high 10643.95.

Through the day move was slow and zigzag, live data showing mixed reaction before touching top for the time beings.

From couple of day writing about the rally, those are regular read of my posts have noticed it. From 10030 Nifty Future already made high 10648, net 618 points of rally.

But after predict the wave pattern it is clear that the move will continue its journey more. And we can see Nifty Future is touching 11179 very soon.

But one factor is 10716. It closes about it then the mentioned top is possible.

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

Last Friday Foreign Institutional Investors have bought 6394.98 Cr. and sold 5780.84 Cr. net trade was +614.14 Cr.

Domestic Institutional Investors have sold 3377.08 Cr. Against buy of 3039.98 Cr. net trade values -337.28

India VIX Snapshot

India VIX made high 18.7550 and low 16.7550 yesterday. Volatility is moving within a range from couple of days. It may happen for decreasing volume or mixed reaction of market precipitance.

Advance and decline ratio of the Nifty is 28:22 that means a mix reaction is flowing though the mind of investors.

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 26, 84,475

But most active PUT was 10500, and Open Interest was 22, 88,025

Open position of Nifty Future is increasing from last nine days, but volume or market participation is decreasing.

Key Support-Resistance level of Nifty Future

Above 10655 very vital resistances are 10665. Once Nifty Future crosses 10680 then will jump to hit 10716 with in the session.

Very vital support of the day is 10587.55. Once Nifty Future breaks 10571 then will melt down to 10539.

Today’s Overview:

From any of days high a small term (2-3 days) correction is quite possible.

Nifty Trading View

Good Morning and Wish You a Happy Trading Session ….

At Muhurat trading Nifty Future opened with positive node with gap-up and through the 60 minutes session it hold its up moving tendency.

From couple of day writing about the rally, those are regular read of my posts have noticed it. From 10030 Nifty Future already made high 10648, net 618 points of rally.

But after predict the wave pattern it is clear that the move will continue its journey more. And we can see Nifty Future is touching 11179 very soon.

But one factor is 10716. It closes about it then the mentioned top is possible.

Conflict after sudden direction change

When Market changes its direction suddenly then generally a conflict raised. After 14.96% of fall through 35 trading days, when Nifty Future reverse 6.16% within 9 trading days then generally a controversy took place.

Is the Index already made bottom? Or this is the beginning of a fresh Bull move. This is the point of conflict.

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

On Muhurat trading Foreign Institutional Investors have bought 66.5 Cr. and sold 53.38 Cr. net trade was +31.02 Cr.

Domestic Institutional Investors have sold 3.85 Cr. Against buy of 30.96 Cr.

India VIX Snapshot

India VIX made high 18.5050 and low 16.8100 yesterday. Volatility is not increasing in parallel with the Index.

Advance and decline ratio of the Nifty is 48:02 (almost one sided).

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 24, 28,275

But most active PUT was 10600, and turnover was 15, 00,600 from last two sessions the range of most active options is same.

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 10665, above this Nifty Future will jump to touch 10716. Single closing above this Nifty Future will rally to 10940.25---10963.95

Below 10638.90---10632 Nifty Future may fall down to 10550---10501.

The move may continue more (will update timely)…..

Today’s Overview:

From any of mentioned resistance level (first two) Nifty Future may take one or two days correction. But to create new top the index will run more.

Muhurat Trading - 2018

The auspicious occasion of “Muhurat” trading will be held today from 5:15 pm to 6:30 pm on the occasion of ‘Diwali and Laxmi Puja’

“Muhurat” trading is being celebrated every year at Diwali Laxmi Puja with belief to make profit from Stock Market.

After making life-time high at 11793 on 31^st August’2018 Nifty Future already melts down 14.95%, although the Index reverses 6% from the bottom 10030 at last two weeks.

But lots number of heavy stock underperforming, and are passing through correction. Therefore chance of a good profit at “Muhurat” trading is below expectation.

Today If Nifty Future fail to cross 10620 then may start to melt down to 10436—10430—10423.95

If happened so then Nifty Future may reverse 120 to 150 points from the low.

Above 10665 Next vital resistance is 10716.

Nifty Future Rally

Good Morning and Wish You a Happy Trading Session ….

After negative opening, Nifty Future has tried to recover some. Making day’s high at 10570 the index fails to sustain above and start to melt. All-over the session it was a zigzag move. Nifty Future was trading within a small zone.

Volume of the market was below average and volatility index repeat Friday’s zone. Therefore no clear direction was shown yesterday. But we are expecting sudden bounce back from support level.

    

                                                                       *************************

Diwali Muhurat trading 2018: NSE, BSE trading time on 7 November;

To mark the auspicious occasion of investing during Diwali, India’s leading stock exchanges -- NSE and BSE -- have declared the trade timings for Diwali Muhurat trading 2018. Diwali Muhurat trading will be conducted on the festival day itself, 7 November 2018 -- Diwali -- in the evening. Diwali Muhurat trading will begin from 5:00 pm and will last till 6:40 pm, BSE and NSE said in separate notices.

Source: NSE

                                                 *************************

From couple of day writing about the rally, those are regular read of my posting have noticed it. From 10030 Nifty Future already made high 10632, net 602 points of rally.

But after predict the wave pattern it is clear that the move will continue its journey more few sessions. And we can see Nifty Future is touching 11179 levels just after Diwali.

But one factor is 10716. It closes about it then the mentioned top is possible.

Conflict after sudden direction change

When Market changes its direction suddenly then generally a conflict raised. After 14.96% of fall through 35 trading days, when Nifty Future reverse 6% within 6 trading day’s then generally a controversy took place.

Is the Index already made bottom? Or this is the beginning of a fresh Bull move. This is the point of conflict.

India VIX Snapshot

India VIX made high 19.8225 and low 17.7350 yesterday. This zone was exact copy of Friday’s. Breakout of this will clear the rally.

Advance and decline ratio of the Nifty is 23:27 (almost 50-50).

OI at Option Trading

Strike price of most active Nifty CALL was 10700, and turnover was 07, 33, 957 .56 laces.

But most active PUT was 10500, and turnover was 7, 40,032.25.lacs. From last two sessions the range of most active options is same.

Key Support-Resistance level of Nifty Future

If Nifty Future break 10505 within first hour of trading then below 10430 crucial supports are 10423.95---10420.

Above 10665 Nifty Future will run to touch 10716.25. Once Nifty Future cross and close above the mention level then we may see 10940-963.95 as next top. The move may continue more (will update timely)…..

Today’s Overview:

From first half’s low a straight rally is on card, those are holding short positions be cautious,

Don’t jump to short….for short term…..

Nifty Trading Tips

Good Morning and Wish You a Happy Trading Session ….

On last trading day of previous week Nifty Future made high 10632 and slowly made day’s low 10542. Movement was very slow through the session.

From couple of day writing about the rally, those are regular read of my posting have noticed it. From 10030 Nifty Future already made high 10632, net 602 points of rally.

But after predict the wave pattern it is clear that the move will continue its journey more few sessions. And we can see Nifty Future is touching 11179 levels just after Diwali.

But one factor is 10716. It closes about it then the mentioned top is possible.

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

On Friday Foreign Institutional Investors have bought 9069.85 Cr. and sold 9266.75 Cr. net trade was -196.9 Cr.

Domestic Institutional Investors have sold 4315.38 Cr. Against buy of 5168.37 Cr.

India VIX Snapshot

India VIX made high 19.1925 and low 17.4850 yesterday. Now the zone is changing, but this Instruments show result too late.

Advance and decline ratio of the Nifty is 37:13

OI at Option Trading

Strike price of most active Nifty CALL was 10700, and turnover was 14, 02, 493 .39 laces.

But most active PUT was 10500, and turnover was 9, 80,889.90.lacs. From last few sessions most active PE was 10000, now it change/jump to 10500 that a good sign for Bulls.

Key Support-Resistance level of Nifty Future

Below 10542 next vital supports are 10521.76. This is very vital support of the. If Nifty Future breaks this level then we may see Nifty Future melting sharply to 10420.

Above 10665 Nifty Future will run to touch 10716.25. Once Nifty Future cross and close above the mention level then we may see 10940-963.95 as next top. The move may continue more (will update timely)…..

  

Today’s Overview:

From first half’s low a straight rally is on card, those are holding short positions be cautious,

Don’t jump to short….for short term…..

Nifty Tips Today

Good Morning and Wish You a Happy Trading Session ….

Yesterday after a small gap up opening Nifty Future made its first top of the session at 10440. And start to melt slowly towards day’s low 10346. Although t last hour of trading, the Index made a new high at 10447.

Making new high at end of the session it indicate a run to new high, but any gap-up opening and forming a top only show a slow and steady correcting session.

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

Ooh...Foreign Institutional Investors are at buy side, this happen rare at last couple of weeks, they have bought at 6312.69 Cr

And they have sold 5963.94 Cr. yesterday. Net trade value was +348.75 Cr.

Domestic Institutional Investors have sold 3854.46 Cr. Against buy of 3345.49 Cr.

India VIX Snapshot

India VIX made high 20.1300 and low 18.8975 yesterday. From last 15 days the index moving within a zone, break out from the zone will accelerate the move.

Advance and decline ratio of the Nifty is 25:24

OI at Option Trading

Strike price of most active Nifty CALL was 10500, and turnover was 8, 11, 440 .32 laces.

But most active PUT was 10000, and turnover was 8, 13,034.39.lacs. From last few sessions most active option zone10500 to 10000, break out of any will increase the activity of the Index.

Key Support-Resistance level of Nifty Future

Above 10544 Nifty Future will run to touch 10599.95---10604.50. Once Nifty Future cross and close above the mention level then we may see 10665 as next top.

If Nifty Future touches the mentioned hurdles then support may be 10485/10480.belot this crucial support is 10393/10388.80.

Today’s Overview:

Today if Nifty Future open at gap-up then touch the top (I mentioned earlier) will start to trade at narrow rage. In case of flat opening the Index will slowly form the Tops.

Nifty Future Tips

Good Morning and Wish You a Happy Trading Session ….

Yesterday after a flat opening Nifty Future start to melt and bottomed at 10111. And from this point it starts to run towards up and never take any down move. End of the session Nifty Future made high 10419.

The rally gave bull a relief, after a long correction this kind of pull-back is quite positive for investors. But after analyzing the wave pattern this is clear this pull back is not a long term rally.

Investors should be cautious at any stage of the up journey, especially when the index making a new top.

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

Foreign Institutional Investors have bought at 8828.39 Cr and sold 9022.04 Cr. yesterday. Net trade value was -193.63 Cr. after 3.046% rally they were at sell side.

 Domestic Institutional Investors have sold 5177.01 Cr. Against buy of 4052.09 Cr.

India VIX Snapshot

India VIX made high 22.8150 and low 19.5750 yesterday. Increasing of premium when ever contract is going up it is indicating some this is wrong.

OI at Option Trading

Strike price of most active Nifty CALL was 10500, and turnover was 12, 64, 267 .77 laces.

But most active PUT was 10000, and turnover was 10, 44,703.15.lacs. From last few sessions most active put option is 10,000.

Key Support-Resistance level of Nifty Future

Above yesterday’s high Nifty Future will face next resistance at 10474.95---10488. After crossing this hurdle Nifty Future may run to 10582—10595.

If Nifty Future opens below 10419 then first support of the day is 10346.

After breaking 10303.75 Nifty Future may take crucial support at 10251.90.

Today’s Overview:

Opening below 10419 and stay below 10346 for a while may be the cause of an intraday correction.    

Work Sheet of 31 October’2018:

At 10:39 am sent sms to our Clients to Buy NF @10155 SL 10149 Target (Intraday) 10376/10412.

After 12 minutes Nifty Future made low 10153.85 and reverse, end of the day made high 10419.