While updating NiftyFuture were trading around 10515.
NiftyFuture looks very good but traders looks very fear to buying at current level
Do you know ? Day before yesterday NF discount was 75 points and yesterday reduced to 40-45 points. Now currently just 30 points discount is there.
Means, Many shorts covered by FIIs. Yesterday’s closing data FIIs having 58% shorts
Now, NiftyFuture is facing a intraday resistance 10535-10560…….. Very strong hurdle and crucial level.
Once if breaks and holds above 10560………. Expecting more short covering up to 10610.
Now NF considering supports 10485, 10460 and 10430……….Thereafter 10380
Trade carefully with patience!!
Updated : 12.30 PM / 02nd July 2020
