NiftyFuture last close : 12059.90
As expected NiftyFuture fell 0.65%
Nifty spot was closed on November series 12151, Dec series 12126 and Jan 12025
In last three months Nifty was closed around 100 points difference
But, Movements was huge in lower side 11832 and higher side 12430.
Totally 600 pts moved up and down in last three months. It’s will not happened in this Feb series
Yesterday NiftyFuture was opened at 12115 then slowly melted up to 12006
In last 30 minutes saw a little bit bounce back up to 12050.
I did mentioned in our blog on Yesterday, NiftyFut very strong support around 11970-12000
In my support zone NF took bounce back
Now…….. Indian market waiting for budget but global market affected in Corono virus!!
On Yesterday, FIIs sold 962 Cr worth of stocks in cash segment and DIIs bought 292 Cr
FIIs sold 1534 Cr of Index Future!!
Today NiftyFuture is facing a intraday resistance 12085, 12115 and 12140
If stays above 12140………. Finding a next resistance at 12200
But, Stay caution at higher levels……….. Don’t trade huge quantity!!
Today NF can be considered as supports as 12000 and 11970
Thereafter…………….. We see blood bath!!
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Updated : 09.00 AM / 31st Jan 2020
