28th May 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 9309.40 (+3%)

 NiftyFuture was surprised moved 9300 mark and gained 3%

The index was gained sharply after seeing the rangebound trade in last 6 sessions

Seen huge short covering on both index (Nifty and NiftyBank)

NF was seen very range bound in last 7 sessions. Range bound top at 9180 (Yesterday I did mention) after broken 9180 spiked up to 9340.

Day before yesterday FIIs have short positions 59% and yesterday they having 48% short (Means 52% long)

So they covered 11% shorts on yesterday whereas DIIs having long 77% in index future

Just a flashback of April series. In last 3 days of April expiry index was climbed 6% then May series first day index was fell 5.7%.

Maximum CE OI of 28 lakh was seen at 9500 and followed by 9400CE at 16 lakh

Maximum PE OI of 9000PE was seen 44 lakh and followed by 9100PE 22 lakh, 9200PE which added 14 lakh OI

On global market side, Dow was seen strong strength and closed 550 points gained

Asian markets are opened at green zone Nikkei up 350 points up

FIIs sold 335 Cr worth stocks in cash segment whereas DIIs bought 2408 Cr

Today’s NiftyFuture supports, Resistance levels

Entry and Exit will be send to my clients during market hours!!

Noon update will post around 12.30 PM………… Be patient!!

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Updated : 06.58 AM / 28th May 2020