Nifty Future Last Close : 11920.90
NiftyFuture saw a weak close and another range bound session
In last 12 sessions NF trading range between 11850-12050
Yesterday seeing large cap stocks profit booking likes Reliance, Hdfcbank, and Hdfc
However, Mid cap and Mid cap 100 gained nearly 1%
FIIs consecutive selling in cash segment, they sold 270 cr and DIIs bought 309 cr
FIIs sold 299 cr of index future and bought 413 cr of index options
Today NiftyFuture is expected to open at flattish note
Likely to witness consolidate trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11940 and 11960
Once if breaks and holds above 11960…….. Finding a next resistance at 12000
But, Stay caution at higher levels & NF has struggled around 12000 in last 12 sessions
Today NF can be considered as supports as 11900 and 11880
If trade below 11880……….. Expecting next support around 11845
Don’t short at lower levels!!
( All your longs keep stop of 11785 and all your shorts keep stop of 12070)
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Updated : 08.56 AM / 19th Nov 2019
