NiftyFuture last close : 12125.70
Yesterday NiftyFuture saw a sharp selling pressure and index declined 1.2%
Sent selling alert NF at 12205 and Booked Profit at 12140. Booked 65 points profit
Throughout the day saw a selling pressure in large cap stocks
Corona virus spread in global markets not only human’s body
HDFC and HDFCBank was most contributed stocks to index fell
India VIX index closed at 17.25 up 11%
FIIs sold 438 Cr worth of stocks in cash segment whereas DIIs bought 10 Cr of stocks
FIIs sold 2269 Cr of index future…… Seems huge selling
While updating SGXNifty were trading at 12090 down 25 points
NiftyFuture considering support at 12110 if breaks & holds below the level
Expecting more weakness up to 12080 and 12040 levels!!
But, Very strong support zone around 12000……… So don’t short at very lower levels!!
NF facing a intraday resistance at 12130, 12155 and 12190
Avoid fresh buying at higher levels!!…….. Means… Sell on every rise!!
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Updated : 08.43 AM / 28th Jan 2020
