NiftyFuture last close: 14987 (-0.9%)
On Friday, NiftyFuture was opened 15062 then went to 15145 and slipped up to 14900 again shot up to 15000
Do you know ? My strong support at 14980, After broken 14980 slipped vertically to 14900
NiftyFuture was made a record high of 15430 on 16th Feb then slipped more than 2% from week high to low
NiftyFuture have been ending in the red for the last four consecutive sessions
Market will be reacting sudden spike in Covid-19 in some parts of the country like Kerala, Maharastra, Punjap and Chattisgarh have recorded an upsurge in daily new cases of Covid-19
FIIs has reduced the the buying power in last few sessions and they decreased f&O long positions in last week
However, FIIs net bought 23874 crore worth of stocks in cash segment in Feb so far while DIIs continued to profit booking and they sold 16638 crore in same period
SGXNifty indicating a negative opening for the index and likely to witness volatile trade continue during the day
In morning SGXNifty trading almost 70 points higher, Now slipped to 20 points lower.
NiftyFuture Trend Decider For The Last Week Of Feb is 14860 and 15400
Let’s see today’s technical levels,
Today NiftyFuture is facing a intraday resistance 15030, 15055, 15100 and 15160
Above 3rd and 4th resistance are hurdle………. If rise can sell and keep a stop of 15160
NF considering a supports 14945 and 14900, If breaks and holds below the level
Expecting further weakness up to 14850
Don’t short at very lower levels!!
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Updated: 08.43 am / 22nd Feb 2021
