NIFTY: What's NEXT? Spot & FUT imp. Level Weekly(09/07/18) Basis
NIFTY Fut. at Premium.
Beginning of Last Week, it was Discount: 21.45 POINT
Covered 22.45 POINT
As mentioned in Previous post
"10812 - 10798 (SUP. - RES. Cross-Over Point) Looks Cruciall".
Attempt Several Time in last Trading Day, But unable to Cross.
(Watch Orange BOX arena in Chart)
Levels for Coming Week mentioned & plotted on Chart.
Watch Previous Posts How Level Works.
If useful Like & Share
Beginning of Last Week, it was Discount: 21.45 POINT
Covered 22.45 POINT
As mentioned in Previous post
"10812 - 10798 (SUP. - RES. Cross-Over Point) Looks Cruciall".
Attempt Several Time in last Trading Day, But unable to Cross.
(Watch Orange BOX arena in Chart)
Levels for Coming Week mentioned & plotted on Chart.
Watch Previous Posts How Level Works.
If useful Like & Share
Though Ch in OI Seen at 10800CE also near to 10700PE, i.e. 350,475 & Total OI(as of NOW)3,766,050.
Noticeable thing is NIFTY Fut is Now at Premium, Compare to Last Week (week ended on 29/06/2018) 23 point Discount.
Think major PUT Writing at 10700PE as well as 10800PE.
LONG NIFTY Fut. in BTW 10730 - 10750 may be a better Option, Keeping SL below 10698 (Closing Basis)