07th June 2019 #Nifty Future Intraday Levels

Nifty Future last close : 11884.05

 As expected RBI cut 25 bps and index melted almost 1.5%

Boldly written on Yesterday ” If cut 25 bps expect profit booking”

Yes, Index witnessed a big sell-off and banknifty index biggest 1 day loss in last 4 years!!

NF was made a high of 12059 and low of 11866.25, Finally closes at 11884.05

FIIs sold 1448 Cr worh of stocks in cash segment whereas DIIs sold 650 cr of stocks

FIIs sold 1473 cr of index future and bought 4991 cr of index options

 Today Nifty future is expected to open at flattish note

 Likely to witness selling pressure will be expected at higher levels

Nifty Future is facing a intraday resistance at 11900-11920

If crossover 11920 with volumes, Finding a next resistance around 11970

Stay caution at high levels!!…….Don’t jump and buy!!

 Today Nifty Future can be considered as supports as 11865-11845-11825

If trade below 11825, Finding a next support around 11775-11730

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Updated : 08.57 AM / 07th June 2019