Good Morning and Wish You a Happy Trading Session ….
Yesterday I have
written about the vital support 10603. Nifty Future made low 10606. Movement of
this index was range bound.
At opening Nifty
Future made high 10714 and made low 10620, reverse up to 10700 and again melt
down to 10606.
Before the
Union Budget (interim) session market will be volatile.
Yesterday
Institutional Investors have bought 6581.86 Cr. and sold 6451.61 Cr. net trades
were + 130.25 Cr.
And Domestic
Institutional Investors have bought 4715.38 Cr. and sell of 4213.12 Cr. net
trade values +502.26 Cr,
Yesterday INDIA VIX made high 18.4275 and low
15.9775 (decreasing)
Advance
and decline ratio of the Nifty was 22:28
Most
active CE was 10,800, and OI was 41, 13,825. And active PUT strike was 10500,
OI 26, 38,200.
Key Support-Resistance level of Nifty Future
Above 10683.15 next resistance is 10760.65,
if close above the 2nd resistance then Nifty Future will run to
touch 10817.50
If Nifty Future break 10597.70 then may
melt down to 10553.5///10549.30. Crucial support of the week is 10501.45
Today’s Overview:
If able to sustain above
10618.50 then the index may run up ward, but just before the Union Budget (interim)
market may be very volatile.
