30th Jan 2020 #NiftyFuture Intraday Levels

NiftyFuture last close :  12121.55

What a volatile market on Yesterday.

NF has snapped two-days losing streak and closed in the green

NiftyFuture has opened at 12114 and went 12167 (first half) then melted and made a low was 12095.60

After Bajajfinance result…… NF was took U turn and made a high of 12182.45 and again slide up to 12110……. Ooops

We have sent selling alert NF at 12150 and booked profit at 12105

VIX index down 5.17% at 16.40 level

FIIs sold 1014 Cr worth of stocks in cash segment and DIIs bought 1520 Cr

FIIs bought 440 Cr of index future on Yesterday’s trade

Today NiftyFuture will be opened at flattish note & expecting huge volatile during the day

NiftyFuture is facing a intraday resistance at 12140 and 12165

If crossover 12165 with volumes………. Expecting short covering up to 12210

But……….. Stay caution at higher levels!!…….. Avoid fresh buying at higher levels!!

Today NF can be considered as supports as 12095 and 12070

Thereafter will be test 12025………..

Very strong support around 11970-12000.

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Updated : 08.49 AM / 30th Jan 2020