06th Aug 2019 #NiftyFuture Intraday Levels

Nifty Future Last Close : 10896.80

 NiftyFuture witnessed wild swings during the day and closing 1.2% lower

Blood bath continues global markets, Dow sees biggest fall of 2019

USA – China trade war turns to currencies……….

Our holding positions Nifty 11000PE booked profit at 175 and bought at 73

FIIs sold 2016 cr worth of stocks in cash segment whereas DIIs bought 1871 cr of stocks

FIIs sold 1155 cr of index future and bought 607 cr of index options

While updating SGXNifty were trading at 10788 down 80 points

  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 10900-10930-10960

 If comes above resistance zone can sell…….Don’t think to buy

 There is no positive sign on markets……….!!

Today Nifty Future can be considered as supports as 10830-10800-10760

 If breaks and holds below 10760………. Finding a next support around 10720 and 10650

Major support around 10600 (Six month support)

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Updated : 08.57 AM / 06th Aug 2019