Nifty Future Last Close : 10711.30
NiftyFuture saw a huge selling pressure throughout the day both indices closed in red
NF was made a high 10841.90 then cracked up to 10678.60. Finally closes at 10711.30
NF witnessed a surge in open interest along with a fall in the underlying price, Indicating short positions
FIIs sold 892 cr worth of stocks in cash segment whereas DIIs bought 645 cr of stocks
FIIs sold 1700 cr of index future and bought 2848 cr of index options
Today NiftyFuture is expected to open at positive note
Likely to witness selling pressure will be expected during the day
Today NiftyFuture is facing a intraday resistance at 10735, 10760 and 10800
Above three levels are hurdle for today’s trade……..
Again same mantra… Sell on rise & Don’t think to buy!!
There is no strength at higher levels……..!!
NiftyFuture was came near by recent bottom on Yesterday’s trade……!!
Today NF can be considered as supports as 10680, 10665 and 10625
Once if breaks and holds below 10625…………… Expecting more selling pressure up to 10550
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Updated : 09.06 AM / 20th Sept 2019
