NiftyFuture last close : 11695.65
NiftyFuture was saw very volatile on Yesterday’s trade & Swing almost 200 pts
NF has reached near by Budget day’s low……….. (Today’s support at 11600)
US markets closed in the red consecutive third sessions
Virus spread in USA also………. After that news Dow saw a selling pressure
Corona virus heavily spread outside of China…… So global markets facing sell-off
In our market…… Every day NiftyFuture was broken previous day’s low
That mean…….. Selling market or bearish market.
FIIs sold 3336 Cr worth of stocks in cash segment whereas DIIs bought 2785 Cr
FII sold 1262 Cr of index future!!
For Today…….. Expect more more volatility as Feb series expiry
Today NF is facing a intraday resistance at 11725, 11745 and 11780
If comes above resistance zone………….. Can sell sell sell
Today NF can be considered as supports as 11680 and 11655
Below 11655…………. Finding a next very strong support at 11600
Thereafter………….. We see further weakness!!
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Updated : 09.00 AM / 27th Feb 2020
