Nifty Future Last Close : 11955.70
On Friday, NiftyFuture was melted 0.8%….. Saw a huge selling pressure
NF something cooking at higher levels likes 12050-12150 in last 8 sessions
NF not sustained above 12150……….If comes that level… seems selling pressure
There is no positive news visible right now………So expecting profit booking only!!
FIIs sold 867 cr worth of stocks in cash segment whereas DIIs bought 210 cr of stocks
FIIs bought 240 cr of index future and bought 2706 cr of index options
Today NiftyFuture is expected to open at flattish note
Likely to witness selling pressure will be expected at higher levels during the day
Today NiftyFuture is facing a intraday resistance at 11970, 11990 and 12040
Above resistance are hurdle for today’s trade…….Stay caution at higher levels!!
There is no strength at higher levels……….Can create short at resistance zone!!
Today NF can be considered as supports as 11940, 11925 and 11905
Below 11905……. Expecting further weakness up to 11870
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Updated : 08.58 AM / 09th Dec 2019
