22nd May 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 9075.10

Yesterday NiftyFuture was consolidated around 9150 then in last 1 hour dropped from 9170 to 9075

RBI governor will address a press conference today at 10 am

KKR equity firm to invest Rs 11367 crore in Reliance Jio for 2.32% stake

On OI side, Nifty 9000PE, 8800PE among huge OI

On other side Nifty 9500CE having huge OI.

Just 4 sessions is there (Including today) for May series expiry (Monday is a holiday)

FIIs sold little bit of Rs 258 crore worth of stocks in cash segment whereas DIIs bought 401 Cr

NiftyFuture is expected to open at flattish note and expecting range bound trade during the day

Today NF is facing a intraday resistance at 9110, 9155 and 9200

Above 9200, Expecting further up trend and will test 9250+

But stay caution at higher levels!! There is no strength at higher levels!!

Today NF can be considered as supports as 9040 and 9000

If breaks and sustained below 9000…….. Finding a next support around 8940

More live market update will send to my clients only

Updated : 09.00 AM / 22nd May 2020