Nifty Future Last Close : 11015.35
What a volatile day!!…………Nifty Future saw another weak and volatile session
NiftyFuture opened high was 11098.40 then seen sharp selling pressure up to 10901.10
Nifty crashed 230 points before recovering 130 points in last 30 minutes!!
Yesterday we have boldly recommended 11100PE at 45 and booked profit at 105
Again recommended 10950PE at 10 and booked profit at 65
Overnight our clients hold short NiftyFuture at 11010 and 11000PE at 63
FIIs sold 1057 cr worth of stocks in cash segment whereas DIIs bought 561 cr of stocks
In the f&o segment, FIIs sold 2049 cr of index futures and bought 2857 cr of index options
Today NiftyFuture is expected to open at gap down ahead of global cues
Likely to witness volatile trade and selling pressure will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11010-11035-11070
Above three resistance crucial for today’s trade & If comes resistance zone sell sell sell
(Consecutive three sessions Nifty closed below 200 DMA……. Very negative)
Today Nifty Future can be considered as supports as 10980-10960
If breaks and holds below 10960………. Finding a next support around 10925-10900
Thereafter we see more panic up to 10840
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Updated : 09.04 AM / 02nd Aug 2019
