01st Jan 2020 #NiftyFuture Intraday Levels

Last close : 12246.25

NiftyFuture was under selling pressure on the last day of 2019

Index has closed almost 90 pts negative

Heavy weight stocks saw a selling pressure like Reliance, Icicibank, Hdfcbank

But, Mid cap 100, and Small cap closed in the green

FIIs figure was surprised, They sold 1265 Cr in cash segment whereas DIIs bought 585Cr

FIIs sold 692 Cr in index future and bought 732 Cr in index options

NiftyFuture likely to witness opened at flattish note and expecting range session

Today NiftyFuture is facing a intraday resistance at 12260, 12275 and 12300

NF has struggled at higher levels in last three sessions like 12300-12330

So………… Stay caution at higher levels!! Better to wait for fresh buying!!

Today NF can be considered as supports as 12220, 12200 and 12160

Do not expect too much movement………. most of global market are shut today

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Updated : 08.54 AM / 01st Jan 2020