24th Nov 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 12934.35 

 NiftyFuture was seen huge volatility on  November 23

Index opened at 12935 then slipped up to 12825 again bounce-back to 12978

Index bounced back to hit a fresh record high and Sensex reclaimed 44000 scale

However Nifty and Sensex closed at higher levels 65 points and 195 points respectively

Sector wise action was seen IT, Oil & Gas, Pharma and Financial stocks

While selling pressure was seen in Banks and consumer durables

Reliance backed and shown strength on yesterday stock gained 3%

HDFC slipped more than 3% and major fall in recent days

VIX index climbed 6% at 20.80

Option premium did not fall on yesterday at high VIX

US markets closed higher in a choppy session on Monday

Dow Jones rose 1.1%, S&P500 gained 0.55% and Nasdaq added 0.2%

Asian markets opened higher on Tuesday

But, SGXNifty trading almost flat note

FIIs shown further strength on yesterday they bought 4738 crore while DIIs sold 2944 crore

In NSE 6 stocks under ban period, Adanient, BOB, Fedbank, Ibullhsgfin, Nalco and Sail

SGXNifty indicate a flattish opening for the index and likely to witness volatile trade will be expected during the day

NiftyFuture struggled to cross 13000 scale in last 5 sessions…… Is today will cross ?

Today NF is facing a intraday resistance 12965 and 12985

If manages above 12985………. Will cross 13000 and will take next resistance 13030

Today NF considering a support 12920 and 12885…….. Thereafter 12830

More live market update will be sent to my clients only

Updated : 08.46 am / 24th Nov 2020

24th Nov 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 29010.40

 What a volatility on yesterday’s trade

BankniftyFuture was opened at 29430 and went to 29641 then slipped and made a low of 28802 again shot up to 29400 and last 1 hour again slipped to 29000

Do you know ? Yesterday Bankniftyfuture swing was almost 2000 points up and down

That’s why option premium did not fall

Axisbank fell 2%, Icicibank dropped 2.50% and SBIN down 1.70%

Indusindbank gained 4.75% and Kotakbank gained almost 0.5%

BankniftyFuture volatility will be continued due to November series expiry week

Index was struggled 29500 to 29800 in last 4 sessions while bounced-back around 28500-28800

However, Key points of index 29800 and 28500 for today & coming days

Today BankniftyFuture is facing a intraday resistance 29170, 29280 and 29500

If crossover 29500…….. Will try to check 29800

Today BNF can be considered as supports as 28800 and 28500

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.34 am / 24th Nov 2020