NiftyFuture last close : 12276.45
NiftyFuture saw a another range session and last 30 minutes bounced almost 50 points from intraday low
Reliance being the biggest loser in the market but index closed at flat only
FIIs was shown their strength consecutive sessions & Local fund sold aggressively
US market cheered Christmas & Santa rally, Indices at all time high
But Asian market not cheered…….. trading in red market
FIIs bought 1463 Cr worth of stocks in cash segment & DIIs sold 1947 Cr of stocks
FIIs bought 612 Cr of index Future and bought 1177 Cr of index options
Likely to witness NF will be opened at flattish note and expected to trade range only
Today NF range between 12200-12320
NF is facing a intraday resistance at 12295 and 12320
If crossover 12320 with volumes………. Expecting short covering up to 12360+
Today NF can be considered as supports as 12250, 12230 and 12200
Buy at decline!!
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Updated : 08.57 AM / 24th Dec 2019