12th Dec 2019 #NiftyFuture Intraday Levels

Nifty Future Last Close : 11938.15

NiftyFuture saw sharp bounce back in last 30 minutes

NF was made a low of 11872.30 then went up to 11953.90

While updating SGXNifty were trading at 11995 up almost 50 points

Yesterday morning bought 12000PE at 100 and booked profit at 150. Return 50% in 3 hrs

After exited 150………. 12000PE closed around 85. Timing exit is very important in stock market

FII one day buy and another day sell…….But net in this month they sold almost 3000 Cr

FIIs sold 605 cr worth of stocks in cash segment whereas DIIs bought 239 cr of stocks

FIIs sold 20 cr of index future and sold 158 cr of index options

 Today NiftyFuture is expected to open at positive note

 Likely to witness volatile trade will be expected during the day

   Today NiftyFuture is facing a intraday resistance at 11960, 11990

Once if breaks and holds above 11990……… Will try to check next resistance around 12030

Again NF at 12000……… and expecting some cosolidate trade!!

 Today NF can be considered as supports as 11935, 11915 and 11890

Don’t short at very lower levels!!

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Updated : 08.58 AM / 12th Dec 2019