Nifty Future Last Close : 11914.50
NiftyFuture saw weak session on Friday
NF made a high of 11977.40 and slide up to 11884.10…. Finally closed at 11914
There is no premium in NiftyFuture and BankniftyFuture was at discount
Something cooking NF around 11850-12050 in last 15 sessions
This week F&O expiry……..So NF will happen breakout or breakdown in this week
FIIs bought 305 cr worth of stocks in cash segment and whereas DIIs sold 177 cr of stocks
FIIs bought 67 cr of index future and bought 679 cr of index options
This week NiftyFuture trend decider 11825 & 12070
Today NiftyFuture is expected to open at positive note
Likely to witness volatile trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11940 and 11965
Once if breaks and holds above 11965…….will be check next resistance around 12020
But, Stay caution at higher levels!!
Today NF can be considered as supports as 11900-11885-11860
If trade below 11860……….. Expecting next support around 11825
( All your longs keep stop of 11825 and all your shorts keep stop of 12070)
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Updated : 08.57 AM / 25th Nov 2019
