Nifty Future Last Close : 11974.55
NiftyFuture saw a another consolidation day
NF made a high of 12030 then slide up to 11962.20. Finally closes at 11974
In last 30 minutes NF slide almost 40 points.
In last 15 days……….NF trading range around 11900-12050. Option sellers only got huge money.
FIIs bought 5023 cr worth of stocks whereas DIIs sold 247 cr of stocks
Huge fund buying seen in ZEEL
FIIs sold 162 cr of index future and bought 1358 cr of index options
5 days left to expiry day…….. Expecting breakout or break down like 300 points movement
NiftyFuture premium just 10 points only and Banknifty fut discount 40 points
Today NiftyFuture is expected to open at flattish note
Likely to witness consolidate trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11985, 12000 and 12040
Above three resistance are hurdle for today’s trade!!
Once if breaks and holds above 12040…….minimum 1 hours……Expecting breakout
Today NF can be considered as supports as 11955 and 11935
If trade below 11935……….. Expecting next support around 11900
Don’t short at lower levels!!
( All your longs keep stop of 11785 and all your shorts keep stop of 12070)
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Updated : 09.05 AM / 22nd Nov 2019
