Indian Market Sentiment : Positive

Updated : 05.50 AM / 30th May 2020

29th May 2020 #NiftyFuture Intraday Levels

NiftyFuture May series last close: 9483.95 (+1.9%)

June series last close: 9427.95 (+1.4%)

NiftyFuture June series closed with discount of 63 points which was short covering in last one hour in May series

Today GDP data will come……… data will show Jan-March quarter so Covid-19 impact is not show in this data

Lockdown 4 will close on May 31st, Now will continue or lifted totally or eased some restrictions ?

India-China border tensions rise

US-China tariff tensions increasing, Maybe Today evening expecting some announcement from US

Locust has arrived in India’s border states. Its another bad situation

Covid-19 cases increased heavily in India like Maharastra and Tamilnadu

US markets ended lower on Thursday. Dow fell 147 points, Nasdaq dropped 43 points

Asian markets were set to choppy trade on Friday

FIIs bought 2354 cr worth of stocks in cash segment whereas DIIs also bought 145 cr

SGXNifty indicating negative opening for the index

NiftyFuture June series trade range between 9800-8800

Today NiftyFuture is facing a intraday resistance at 9470, 9500 and 9540

Above three resistance are crucial for today’s trade!!

Today NF can be considered as supports as 9380, 9340 and 9300

If sustains blow 9300, Expecting further weakness up to 9230

In last two series, First day of new series market was ended with deep red.

More live market update will send to my clients only

Updated : 08.48 AM / 29th May 2020

29th May 2020 #BankniftyFuture Intraday Levels

BankniftyFuture May series last close: 19162.05 (+2.7%)

June series last close: 19029.60 (+2.10%)

BNF June series closed with discount of 130 points

In last two sessions BNF was climbed almost 2000 points

Hdfcbank, Axisbank, Icicibank, Kotakbank and Indusindbank led the bank index

June series BankniftyFuture trading range between 17000-20500

Today BNF is facing a intraday resistance at 19130, 19270 and 19400

Above three resistance for hurdle for today’s trade…..

Once if crossover and manages above 19400………. Will try to check 19600

But chances are remote only!!

Today BNF considering supports 18940, 18800 and 18630

Below 18630…….. Finding a next support around 18450

More live market update will be sent to my clients only

Updated : 08.27 AM / 29th May 2020

29th May 2020 Hot Stocks & Stocks To Watch

Last close: 184.15

JSWSTEEL finding a trend line resistance at 189

Stock if breaks and holds above the level

Expecting further up trend to 195+

Last close: 713.95

Auropharma finding a trading range in last 5 sessions between 700-735

Now close watch above levels, Either side if breaks and sustains

We see further movements!!

Last close: 1689.40

JUBLFOOD trading near by strong resistance zone

Stock if breaks and holds above the level

Rally will be expected up to 3-5%

Which level will break ? Will send to my clients during market hours!!

Updated : 08.02 AM / 29th May 2020