Nifty Future Last Close : 10874.25
NiftyFuture saw another volatile session on yesterday
RBI surprised by cutting rates by 35 bps which is not helped for markets
NF was made a high of 10993.65 and slide up to 10862.10
Boldly mentioned in our blog last many sessions…….. Sell on rise and no strength in market
FIIs sold 383 cr worth of stocks in cash segment and DIIs bought 531 cr of stocks
FIIs sold 980 cr of index future and bought 987 cr of index options
Today NiftyFuture is expected to open at flattish note
Likely to witness volatile trade and selling pressure will be expected at higher levels during the day
Today NiftyFuture is facing a intraday resistance at 10890-10915 and 10950
If breaks and holds above 10950…….. Will try to move up to 11000
Same mantra……… No strength at higher level & If rise can sell sell sell
Today Nifty Future can be considered as supports as 10835-10800
NF finding a recent bottom at 10800…….. If breaks and holds below the level
We see more selling pressure up to 10740
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Updated : 08.58 AM / 08th Aug 2019
