NiftyFuture last close : 11816.55
Yesterday NiftyFuture saw volatile trade. Made a high of 11888 then slide up to 11791
US markets fell almost 6% in last two sessions. After CDC warning US markets fell more
Asian markets are lower now….. Nikkei down 350 points
Crude falls further into bear market zone & fell another 3% on Yesterday
Yesterday seen strong selling pressure on large cap stocks likes Reliance, Auto stocks and metal stocks
FIIs sold 2315 Cr worth of stocks in cash segment and Bought 1470 Cr in index future
Just two sessions there in Feb series…..Expecting huge volatility Today and Tomorrow!!
NiftyFuture likely to witness opened at gap down likes 11720-11740. Expecting more volatility during the day
Today NiftyFuture considering supports 11760, 11745 and 11710
NF finding a minor support zone around 11710…… Major support at 11600 (Budget day’s low)
So……… NF if trade below 11710…………. next intraday supports 11665-11640-11600
Don’t short at very lower levels!!
Suppose NF once if bounce……….. Will try to move 11790, 11820 and 11850
If rise above levels………. Can create shorts!!
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Updated : 08.58 AM / 26th Feb 2020
