While updating NiftyFuture were trading around 14225.
NF opened low at 14200.10 and marked a high of 14283…. Now sustains 14225
Metal and Banking stocks looks shining
Heavy weight stocks Reliance and Hdfcbank marginal higher
VIX index falling more than 3%, hence the option premium is too low
Now, NiftyFuture considering a support at 14200 and 14170
If sustains below 14170……….. Then will take next support 14125
Can buy if comes support zone!!
NF facing a resistance 14260 and 14285 thereafter will move 14320
I did not recommend fresh buying at higher levels!! Stay caution!!
Updated: 12.13 pm / 07th Jan 2021
