NiftyFuture last close: 9066.65 (+2.1%)
NiftyFuture saw a sharp bounce back and index closed 2.1% higher
NF was made a low of 8879 and went up to 9097.70. Finally closed at 9086
I have recommended selling alert NF and booked 70 points profit in first half
NF in last one hour gained almost 100 points!!
FIIs have bought aggressively in index future. They have almost equal short and long 51% and 49%
On Monthly expiry 9500CE OI seen at 18 lakh so will act as crucial resistance for this series
Followed by 9300CE also hold 16 lakh OI, 9200CE ay 1.65 lakh
On Monthly expiry PE options 25 lakg OI seen in 9000 strike, 8800PE which holds 13 lakh
In this series NF will act 8800-9300 maximum (Next 5 trading sessions)
US markets, The S&P 500 stands at a two month high and above 100 day moving average
While updating Dow Fut dropped 120 points, Followed by Asian markets are in red
FIIs sold 1466 Cr worth of stocks in cash segment whereas DIIs bought 2373 Cr
NiftyFuture are likely to open on negative note following SGXNifty which is down 50 pts
Today NiftyFuture is facing a intraday resistance at 9085, 9110 and 9140
If breaks and holds above 9140, Then will move up to 9185.
Today NF can be considered as supports as 9025, 9000 and 8950
If fails to take support at 8950…….. Expecting further weakness up to 8875
More live market update will sent to my clients only
Updated : 09.00 AM / 21st May 2020
