02nd Nov 2016 Nifty Future Update

 bear

 

Nifty Future Oct last close : 8651.75

Yesterday Nifty Future small bounce back from lower level………

NF made a high of 8704.60 & low of 8633.25 then closes at 8651.75

We sent selling alert NF @ 8675….. Unfortunetely Stop 8700 triggered then slide near by Target

Anyway our clients hold 8600PE @ 98…………

FII’s net sell 535 crore in Index Future and net sell 123 crore in Cash segment

 

blood bathh

While updating SGXNifty were trading @ 8570 down 80 points

Nifty Future is expected to open Gap down

 Likely to witness selling pressure expected during the day

 Today Nifty Future facing Resistance  8640 & 8665

 Stay caution at higher level & Don’t jump and buy!!…..

If comes Resistance level can do shorts!!

support 4

Nifty Future consider supports 8600 & 8570

Below 8570…………. More selling pressure will be expected up to 8545??

 More live market update, Entry, and Exit levels send to our clients only

Updated : 08.37 AM / 02nd Nov 2016