Nifty Future Last Close : 11604.35
Nifty Future saw a selling pressure on Yesterday’s trade
Erased last two days gains and Nifty index closed down 100 points as selling from FIIs
NF made a high of 11665.30 and low of 11590. Finally closes at 11604.35
While updating SGX Nifty were trading at 11635 up 34 points
FIIs sold 1405 cr worth of stock in cash whereas DIIs bought 329 cr worth of stock
In the derivative segment, FIIs bought 1368 cr of index future and bought 601 cr of index options
In the stock futures segment, FII sold 704 cr of stock futures and sold 112 cr of stock options
Today Nifty future is expected to open at positive note
Likely to witness some consolidate trade will be expected during the day
Today Nifty Future is facing a intraday resistance at 11625-11650
Once if breaks and holds above 11650……. Finding a next resistance 11690
There is no strength at higher levels!!
So, Stay caution at higher levels!!….. or if comes resistance zone can do short selling!!
Today Nifty Future can be considered as supports as 11600, 11585 and 11560
Once if breaks and holds below 11560, Finding a next support at 11510
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Updated : 09.02 AM / 19th July 2019
