Nifty Future Last Close : 12089.90
NiftyFuture saw a huge volatilie on Yesterday’s trade
Day before yesterday Trump tweeted not favor of trade deal……. market corrected
Yesterday again tweeted favor for deal….market bounced……Oops
Global markets are dancing ahead of Trump’s tweet…….
In first half NF made a low of 11983 then went up to 12065 again made low of 11977
In second hafl NF again went up to 12098 in last 1 hour…… Seems huge volatile
But FIIs continued to selling mode…..Sold 781 cr of stocks whereas DIIs bought 904 cr
FIIs sold 736 cr of index future and sold 491 index options
Today NiftyFuture is expected to open at negative note
Likely to witness volatile trade will be expected during the day ahead of RBI Policy
Today’s Key points RBI Policy (Maybe will cut 0.25%), Reliance hike tariff, Weekly option close.
Today NiftyFuture is facing a intraday resistance at 12100, 12125 and 12160
Suppose after policy NF if sustained above 12160…….. Will try to move more up side….
If not cross 12160………. Stay caution!!
Today NF can be considered as supports as 12070, 12050 and 12020
Thereafter will be checked 11965
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Updated : 09.02 AM / 05th Dec 2019
