#NiftyFuture Weekly Analysis For July 2nd Week

Last close: 10574.45

On Monday (29th June) NiftyFuture was consolidated and settled at 10255. On Tuesday was seen violent movement made a high of 10343 and slipped up to 10185 then again went up to 10240.

On Wednesday and Thursday, NF was bounced from 10244 to 10581. On both days NF was climbed 1.6% and 1.3% respectively.

On Friday, NF was consolidated around 10550-10590 and finally weekly close settled at 10574.45.

NiftyFuture recorded its third consecutive week of gains. The NF closed with gains of 2.4% and Sensex 2.4% for the week ended July 03.

Mid-cap and Small-cap index was seen marginal gains 0.3% and 0.25%

FIIs net bought 5492 Crore worth of stocks in cash segment in month of June. But in last three session of July FIIs sold 1395 crore.

DIIs also bought 2434 Crore in cash segment in June month as well as they bought 1953 cr of July in last three sessions.

One more important thing. Nifty PE at 27.78 ended in July 3. Whenever Nifty came around 27-28 was seen crash. Recent example on Feb 1st week Nifty PE came around 27-28 then seen big crash. So take care.

Covid-19 cases increasing gradually. Case crossed 6.72 lakh in pan India, Recovered 4.08 lakhs and active cases are 2,45 lakh. Death almost 20k

However, The market could be supported by the increasing rate of recovery

World largest Japan’s pension fund loses $165 billion in worst quarter

US market was shut on Friday and Dow future has closed around 50-75 points lower at 25779

Europe market was seen under selling pressure on Friday. All index closed around 0.6% to 1.35% lower

IIP data for the month May will be releasing on 10th July

NiftyFuture trend decider of 2nd week of July month could be 10440 and 10690

The July series started with more than 3% gain so far. In last entire week bulls have dominated

Technical chart indicates and NF has formed bullish candle in last three sessions

As per NSE data Nifty50 PE at 27.78 ended on 03rd July. Which is overvalued

NF is facing a weekly resistance at 10690, If crossover and closes above the level

Finding a next resistance 10780 and 10880 which means 200 DMA.

NF can be considering a weekly support at 10440. Once if breaks closes below the level

Expecting more weakness and profit booking up to 10250 and 10155. Thereafter we see 10k mark.

More live market update will be sent to my clients during market hours!!

Send one Hai message to whatsapp (9865977321) will get market update

Live market update and some free alert follow us on Twitter : @flyingcalls

Updated : 10.19 AM / 05th July 2020

03rd July 2020 #Niftyfuture Intraday Levels

NiftyFuture last close: 10539.70

 What a rally…. Bulls dominated entire day and Nifty gained 121 points and closed above 10500 mark

(NiftyFuture if closes above 10550 ?? Then next Target ?? Click here to my youtube video)

Nifty broken 4 month high and Sensex has closed above 36000

Monday and Tuesday index was sideways. Wednesday and Thursday index was climbed 1.6% and 1.4% respectively

Do you know ?? FIIs having huge shorts in two days back at 66% on Tuesday, Wednesday they reduced shorts from 66% to 58% market rallied 1.6%.

On Thursday FIIs reduced shorts from 58% to 52%. Index gained 1.4%.

FIIs sold 556 Cr worth of stocks in cash segment whereas DIIs bought 908 cr

FIIs bought almost 705 crore in index future

Auto companies rallied after reporting a improvement sales data on June month

US markets closed higher and Nasdaq at an all time high

Dow Jones climbed 92 points and Nasdaq added 53 points

Followed by Asian markets are higher now, Japan’s Nikkei added 74 points, and Hang Seng gain 155 points

Brent crude were down 0.9% and WTI crude fell 0.8%

India’s trade deficit with China reduced to $48.66 billion in FY 2020

SGXNifty indicate a positive opening likes 30-50 points and followed by NiftyFuture likely to open around 10580-10600

Today NiftyFuture is facing a intraday resistance at 10585 and 10625

Once if breaks and sustains above 10625……..Will try to move 10665-10700

(Market is good in last 4 sessions, but intraday players is very fear to buying at current levels)

Today NiftyFuture considering a supports 10545, 10525 and 10500

Below 10500 and manages below the level, Expecting profit booking and next supports 10455 and 10410

More live market update will sent to my clients only

Updated : 08.50 AM / 03rd July 2020

03rd July 2020 #BankniftyFuture Intraday Levels

Last close: 21977.30

BankniftyFuture was seen selling pressure on yesterday’s trade

BNF was made a high of 22289.65 then fell up to 21827 again went up to 22250 in last 1 hours again melted up to 21950.

Axisbank, Icicibank and Kotakbank was seen selling pressure and stock fell 0.5% to 2%

HDFCBank seen at marginal higher and stock gained 0.4%

Today BankniftyFuture is facing a intraday resistance at 22150 and 22300

Once if breaks and holds above 22300……… Expecting more strength up to 22530

As per yesterday’s data………Stay caution at higher levels or stay calm

Today BNF can be considered as supports as 21890, 21800 and 21685

Below 21685 and manages below the level……… Finding a next support around 21500

More live market update will be sent to my clients only

Updated : 08.35 AM / 03rd July 2020

03rd July 2020 Hot Stocks and Stocks To Watch

Last close: 2157.15 (+3.1%)

Do you know? In few days back I did mention in my blog Stock of the day TCS @ 2132

Yesterday stock broken 2132 and rocked up to 2165.

Again looks good and if comes decline can buy

Rally will be expected up to 2200+

Last close: 814.05

SBILIFE finding a trend line resistance at 820

Stock once if breaks and holds above the level

Finding a next resistance around 830, 837+

Last close: 5948.45

MARUTI climbed from recent support and stock gained 2.5%

Looks good around 5875-5920……… Rally will be expected up to 6010

Thereafter we see more rally!!

Supports 5840-5800

Last close: 1388.55

PIDILITIND stock was under perform in last one month

Now stock considering near by support zone

Once if takes support, Bounce back will be expecting from here

Which level and what is the target ??

Will send to my clients only

Updated : 08.27 AM / 03rd July 2020