Yesterday FIIs involved in intraday trading bought 43430 contracts of Index futures and sold 41132 contracts of Index futures which come to net buy of 2298 contracts worth 72 Crores with net open interest increasing by 18512 contracts.
Positional View of Nifty future: Any move above 6260 will force nifty to jump up to 6500 level very sharply. Until unless nifty break 6110 level towards downside, my very short term view will be positive.
Intraday What is Nifty future?
Resistance 6239 to 6247
Targets 6178 to 6164
Suppose trading and closing above 6222… then tomorrow resistance will be 6268 to 6281
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.