16th Aug 2019 #NiftyFuture Intraday Levels

Nifty Future Last Close : 11028.15

 On Wednesday Index traded with a positive bias throughout the day

NiftyFuture climbed 104 points to settled at 11028.15 while Sensex gained 353 points at 37312

NiftyFuture was made a low of 10935.65 and high of 11099.95

Surprise……. FIIs both segment on buying mode after long time

FIIs bought 1614 cr worth of stocks in cash segment whereas DIIs bought 1620 cr of stocks

FII’s bought 914 cr of index future and 3912 cr of index options!!

 Today NiftyFuture is expected to open at negative note ahead of global cues

 Likely to witness volatile trade will be expected during the day 

Today NiftyFuture is facing a intraday resistance at 11000, 11035 and 11070

 If breaks and holds above 11070….. Finding a next strong resistance 11125

Stay caution at higher levels!!

 Today Nifty Future can be considered as supports as 10950-10930-10900

NF if sustains below 10900…….. Finding a next support around 10850

Last few sessions NF has bounced around 10850-10900……

Take care!! & Avoid short at lower levels

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Updated : 08.53 AM / 16th Aug 2019