Nifty Future last close : 12056.15
On Tuesday, Nifty Future has consolidated around 12040-12070
NF made a high of 12111.80 and low of 12036, Finally closed at 12056
FII’s sold 416 cr worth of stocks in cash segment and DIIs also sold 355 cr
FIIs sold 1353 cr of index future and bought 1604 cr of index options
Today Nifty future is expected to open at flattish note
Likely to witness volatile trade will be expected during the day ahead of RBI Policy
If cut 50 bps ————-Will mark new highs
If cut 25 bps————Positive for market, Expect profit booking at higher levels
Suppose if unchanged————–Will test 11600-11700
Nifty Future is facing a intraday resistance at 12090 and 12110
If crossover 12120 after policy, Finding a next resistance around 12160-12180
Today Nifty Future can be considered as supports as 12060-12040 and 12010
If trade below 12010 after policy, Finding a next support around 11970-11930
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Updated : 08.58 AM / 06th June 2019
