previous day, which confirms the bias change (Presently Up).
Nifty Future Sustaining above 6353-6358 will be good for Nifty for some NAV Popup attempts
Though the allowable limits as par derivatives data (See F&O cues) for
Nifty Future is [6265 - 6343] +/- 10/15 Points and
Nifty spot is [6119 - 6349] +/- 10/15 Points
So, since Nifty spot is allowed to attempt 6359-6364, price of Nifty future can even go above
the above expected upper limit of 6343+15 = 6358. There has been an approximate premium of
40-60 points maintained between Nifty Future as against Nifty Spot. Considering the same Nifty
Future may attempt to see between 6359 + 40 = 6399 / 6359 + 60 = 6419 or 6364 +40 = 6404 /
6364 + 60 = 6424.
Today is an important day as it is the Last day of Month, Year and NAV Popup day for the Mutual Funds. Considering the same Nifty may try to latch on to it's gains and Nifty Future may even attempt 6399-6424 Level.
Nifty Spot has Shocker Resistances between 6352-6362 (Very Difficult to cross and sustain above this week)
Nifty Future
6416-6424 Sell All
6393-6402 Strong Resistance (6402 Important Weekly Level)
6368-6375 Resistance
6354-6359 Remain Long Above
6348 Support
6327-6334 Strong Support
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Bankifty Spot has Shocker Resistances between 11771 -11938 (Very Difficult to cross and sustain above this week)
11770 Sell All
11738 Month Important Target
11633-11662 Strong Resistance
11535 Strength Above and will Support if price goes above
11446-11458 Remain Long Above
11364-11375 Buy All
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