Good Morning and Wish You a Happy Trading Session ….
The benchmark
Index Nifty and Sensex rallied a significant move at the first session of the
week. The rally was encouraged by Reliance Industries yesterday.
From last few
days writing about the break out. Yesterday Nifty Future has come to close of the
upper zone 11006 (which was made at 19.12.2018).
Yesterday
Foreign Institutional Investors have bought 3646.69 Cr. and sold 3946.48 Cr.
net trades were – 299.79 Cr.
And Domestic
Institutional Investors have bought 3316.66 Cr. and sell of 2795.86 Cr. net
trade values + 520.8 Cr,
Yesterday INDIA VIX made high 18.3400 and low
14.3600
Advance
and decline ratio of the Nifty was 17:33
Most
active CE was 11,000, and OI was 32, 62,650. And active PUT strike was 10700,
OI 36, 34,575.
Key Support-Resistance level of Nifty Future
Crucial support range of the day is
10948----10944.85----10941.55, below 10902.85 the possibility of up-movement
may become week.
Above 11006.80 Nifty Future will face next
resistance at 11050.
Today’s Overview:
From day’s high mild
intraday correction is possible.