NiftyFuture currently trading at 11895. Opened at 11875 and slide up to 11825………. then took U turn and bounced up to 11924.40.
Seems a volatility trade!!……….
On Monday, NF slide from 11966 to 11866 then bounced 11945. Closed at flat only
On Wednesday, NF slide from 11957 to 11847….. Closed at 11863. Down 0.7%
Today…… NF bounced from 11825 to 11925. Gained 100 points in intraday’s low………Something cooking 11850-11950………. One thing is clear
Don’t short at lower levels and Don’t buy at higher levels……….. Means
Sell at higher levels & Buy PE…………. and Buy at lower levels & Sell CE
Now, NF facing a resistance around 11905-11925……. If breaks and holds above 11925
Finding a next resistance around 11960+…….. Stay caution!!
NF considering supports around 11855, 11825…..Thereafter will be check 11780
Updated : 12.06 PM / 14th Nov 2019
