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 upto 6500 level very sharply. Untill 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
Support 6206 to 6219 (Buying can start with Risk of 14 points of trailing stoploss of 6190 below)
Yup, I know 6200 below is not good for buying in Nifty future. So trade with low quantities on long side.
Suppose to take above support 6215, then NF can fire today or tomorrow again 6300 above …
RED Zone for Short Seller will start 6200 below… I will update live if necessary.
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