NiftyFuture last close : 11827.55
NiftyFuture saw a sharpest fall since the budget day, Index declined 2.1% ie 250 pts
Dow fell more than 1000 points and European markets fell 3% to 4%
CoronaVirus cases increased over 80000 in worldwide, China death toll @ 2660
After China, South Korea reports more cased around 900
Already I did mentioned in our blog.” Virus War” started & Major negative news for worldwide
VIX index shoot up 25%
Right now Asian market are mixed & SGXNifty at positive note up 60 points
FIIs sold 1160 Cr worth of stocks whereas DIIs bought 516 Cr
FIIs sold 1238 Cr of Index future. Maybe huge short done by FIIs
Three more sessions there for f&o closing………Expecting short covering up to 12k
NiftyFuture likely to witness opened at positive note & Expecting volatile trade during the day
Today NiftyFuture is facing a intraday resistance at 11870 and 11910
If crossover 11910 and holds above the level………. Will try to move 11960
But…………Same mantra………….Every rise can sell…………… Nothing else!!
Today NF considering supports 11815 and 11785
Thereafter we see 11750…………..
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Updated : 08.51 AM / 25th Feb 2020
