#Nifty Future noon update. Seen Profit Booking!!

Nifty Future have spurted to a record high level 12070 and Sensex hit 40000

After hitting record seen profit booking and slide 250 points from day’s high

Now NF facing a resistance 11930 (2 hrs resistance) and 11990 (3 hrs resis)

Considering support around 11840-11800, Thereafter will be check 11760

Strong support at 11600 ( Monday’s low). If closes below 11600

Try to check 11260 and 11140 on coming days!!

Updated : 01.25 PM / 23rd May 2019

23rd May 2019 #Nifty Future Intraday Levels

Nifty Future last close : 11781.65

 On Wednesday, Nifty Future has closed at marginal higher & Dalal Street wati for election results

NF made a high of 11833.25 and low of 11710, Finally closes at 11781.65

FIIs and DIIs are both selling side of cash segment, FII sold 965 cr and DII sold 157 Cr

On derivative side, FII bought 135 cr of index future and sold 2524 cr of index options

 Big Event Day. Huge Volatile Day. 

Who will form new govt ?? Which Govt favorite for markets ?? Dalal street waiting for results!!

 NDA if get clear majority (above 275+)………….Nifty Fut will flying 12100, 12220 and 12550 (4%-7%)

NDA if get below majority (around 230-260)………Nifty will struggle around 11400-11800

Suppose NDA and UPA if get 185-220 equal……..Will be see blood bath 11100-10800

Suppose Third party will form govt………..Will be check Nifty10000 on coming days

Trade small quantity (Already brokers reduced exposures)

Retail investors…… Please stay away & better to watch movements

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Updated : 08.41 AM / 23rd May 2019

23rd May 2019 #Banknifty Future Intraday Levels

Banknifty Future last close : 30606.05

Today expecting 3-6% intraday volatility on banknifty Future

Facing a intraday resistance 30970, 31380 and 31850

Thereafter will be check 32270………. If all is well

BNF can be considered as supports 30320, 30030 and 29800

Thereafter finding a next support around 29200-28800 (if upper hand on third party)

Stay caution or stay away!!

Updated : 08.37 AM / 23rd May 2019