Nifty after long time made wild and volatile swings accompanied by Heavy volumes. Yesterday 5.54 Lakhs contract were traded in NF and maximum volume came in last half hour where Nifty made a move of 130 points (50 points down and 80 points up) in matter of 30 mins.
The whole game was played by FII as they bought 109703 contacts on Buy side and 142367 contracts on Sell side. These are heavy volumes not seen in recent past.
If one analyses the tick volume data closely 74K contracts got traded at 5055 and 20K contracts were traded at 4999 levels which means resistance for today comes at 5055 and support at 4999.
My advise to all try to trade in low volumes and use trailing stop loss in all your position looking at wild swing coming in Nifty.For investors this is one of golden time to...
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