01st July 2016 Nifty Future Update

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Nifty Future June last close : 8284.75

July last close : 8321.05

Yesterday Nifty Future bounced from lower levels & Nifty marked yearly high!!

NF made a low of 8242.10 and high of 8308.15 then closes at 8284.75

July series closes with premium of 33 points!!

Three days back told FII’s sold 4500 cr in Index Future so short covering will expect

What happened on last two sessions………?? Up almost 175 pts

Last Two session they covered almost 3500 cr………. in index future!!

Yesterday FII net buy 2840 crore in index future and net buy 1107 crore in cash segment

      

 Today’s Nifty Future facing resistance 8340 & 8360 levels

Above levels are very hurdle for Today’s trade!!

Suppose if breaks 8360 and stays above the level………… Will check 8400+

support 12

Today’s Supports 8285 & 8250

Below 8250 and sustains below 15 minutes………… Selling pressure will be expected up to ?

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Updated : 08.43 AM / 01st July 2016