16th July 2019 #NiftyFuture Intraday Levels

Nifty Future Last Close : 11579.20

Nifty Future saw a lacklustre trading session on Yesterday

Nifty Future closing in the green and Banknifty fut closing in the red

First half……… Nifty Fut slide from intraday high 11599 to 11515

Second half……… NF has bounced from 11515 to 11580.

FII’s sold 216 cr worth of stocks in cash segment whereas DIIs bought 591 cr of stocks

FII’s bought 263 cr worth of index future and bought 706 cr of index options  

  Today Nifty future is expected to open at flattish note

 Likely to witness range bound trade will be expected during the day 

Today Nifty Future is facing a intraday resistance at 11605-11630

 Once if breaks and holds above 11630……. Finding a next resistance 11670

But, Stay caution at higher levels!!

Today Nifty Future can be considered as supports as 11555 and 11530

Once if breaks and holds below 11530, Finding a next strong support at 11490

Don’t short at lower levels!!

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Updated : 08.54 AM / 16th July 2019