07th Oct 2019 #NiftyFuture Intraday Levels

Nifty Future Last Close : 11215.15

 NiftyFuture saw a huge selling pressure on Friday’s trade after RBI cut 25 bps but cut GDP growth at 6.1%

FIIs sold aggerssively for all sectors and index down almost 150 points

NiftyFuture has made a high of 11430 and low of 11201 then closes at 11215.15

FIIs sold 682 cr worth of stocks in cash segment whereas DIIs bought 606 cr of stocks

FIIs sold 724 cr of index future and  bought 927 cr of index options

This week NiftyFuture trend decider at 11200 and 11560 

Today NiftyFuture is expected to open at flattish note

 Likely to witness consolidate trade will be expected during the day

   Today NiftyFuture is facing a intraday resistance at 11230, 11260 and 11285

 Above three resistance are very strong for today’s trade

 Stay caution at higher levels……….Or can go short selling at resistance zone!!

  Today NF can be considered as supports as 11175 and 11150

Below 11150……….. Further weakness will be expected up to 11080

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Updated : 09.00 AM / 07th Oct 2019