Nifty Future last close : 11859.45
What a rally……….. After exit polls.
Nifty Future saw the best rally in over last 10 years. Nifty climbed 420 pts ie 3.7%
The Sensex rose 1400 points as FIIs pumped aggressively and bought stocks acorss the board.
Midcap also outperformed with gains 4.5%
Did you know………. ?? Yesterday pre market boldly written Nifty Fut support at 11600 and resistance at 11860
NF made a low of 11601.10 and high of 11877.30!!
We have sent buying alert Nifty 11700CE at 165 and Yesterday closed at 280 still hold (part)
FIIs bought 1734 cr worth of stocks in cash whereas DIIs sold 543 cr worth of stock
FIIs bought 1071 cr of index future and bought 1536 cr of index options
Today Nifty Future is expected to open at positive note
Likely to witness volatility will be expected during the day
Don’t believe the hype of media!!
What happened on US election exit polls, Brexit, Last week Aus exit polls, 2004 and 2009 exit polls!! Think it over!!
Reduce your positions at higher levels likes 11900-12000.
Let’s see Today’s levels!!
Nifty Future is facing a intraday resistance at 11880 and 11935
If crossover 11935 with volumes, Then will move up to 12000
NF can be considered as supports 11835-11780
Suppose NF if breaks and holds below 11780, Profit booking expected up to 11700
Trade small qty……..don’t aggressively buy and sell.
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Updated : 08.51 AM / 21st May 2019
