I
was waiting for a good inner top. Overall trend is up, but before this we may
witness some small healthy correction.
Healthy,
because we may get the chance to buy or enter at a profitable level.
Open Interest – Premium relation
showing “Sell on Rise” condition.
Key Support-Resistance level of Nifty
Future
First resistance of Nifty Future is 10104;
After crossing the mentioned level the index may touch 10156.90.
Above 10193.15 (today’s
high) tough hurdle is 10316 or 10318.05
First support of the day is 9999/9997.
Vital support of the week is 9874,
If the index breaks the mentioned support then from 9664 Nifty Future may take bounce back.
*** If Nifty Future touch 10316-10318 then mentioned support
level will be valueless.