06th April 2016 Nifty Future Update

wednesday3NIFTY  FUTURE Last Close : 7623

Yesterday as expected Nifty Future cracked almost 150 points!!

Boldly written on Yesterday………. if cut 25 bps we see huge selling pressure on the card!!

What happened ???……….. After RBI Policy NF and BNF Cracked

We sent selling alert BNF @ 16175 and Booked Profit at 15740………

435 points profit. FII’s after long time huge selling in both segment

Net Sell 1224 crore in Index Future and 800 crore in Cash segment

  

Today Nifty Future consider Resistance 7650 & 7670 levels

Above levels are Today’s hurdles……….. If crossover will move 7700 levels

But stay caution at higher level………….can do fresh shorts with tight stop of ??

support 4

Today’s Supports 7600 & 7580

Below 7580………… Again Panic Selling will start upto 7540 levels!!!

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Updated : 08.58 AM / 06th April 2016