Nifty Future Mantra – 8th June’20

There is a myth that if price increasing – OI decreasing - Volume decreasing then it is “Weak trend/Short covering Rally”

But a short covering rally never be an Impulsive wave.

 

Key Support-Resistance level of Nifty Future

 

First resistance of Nifty Future is 10242,

 Next resistance is 10346 (SGX Nifty already made high 10349).

 Vital resistance is 10454.05

 First support of the day is 10248.05.