20th Oct 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 11889.40

NiftyFuture was opened gap up at 11850 and seen range between 11850-11890. Finally index closed near by day’s high

Banknifty index was climbed 3.5% despite of NF climbed 1.1%

Reliance was seen huge volatile but unable to sustain at higher levels

Reliance fell almost 60 points from day’s high

IT stocks was seen profit booking likes TCS, Mindtree, Infy and Hcltech

HDFC doing very well in Oct series. Stock was climbed 1650 to 2040

FMCG stocks ITC, HUL and Nestle seen top gainers

US markets ended lower on Monday trade. Today is a deadline for relief package

Dow Jones fell 410 points or 1.44% and Nasdaq dropped 193 points

Asian markets visible selling pressure and trading at lower points

Today’s result stock Hindunilvr…. So focus on FMCG stocks

FIIs net bought 1656 crore worth of stocks in cash segment whereas DIIs sold 1621 cr

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

Today NiftyFuture is facing a intraday resistance at 11900, 11920 and 11940

If crossover 11940 with volumes then will move up to 11975.

Take care at higher levels, because last four times index was hammered around 11975-12030

Today NF considering a supports 11860 and 11840

If breaks and holds below 11840………. Finding a next support around 11800

More live market update will be sent to my clients only

Updated :08.42 am / 20th Oct 2020

20th Oct 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 24346.70 (+3.2%)

Bankniftyfuture was seen strong rally on yesterday

Index opened at 23894 and made a low of 23786 then went up to 24409.80

HDFCBank did not well after the good results

But, Hdfcbank earnings report was helped to other private banks

Icicibank, Kotakbank and Axisbank was moved significantly

Banknifty options premium did not fall and sustains….. hence expecting huge movement in next 2 days

Today BankniftyFuture is facing a intraday resistance at 24450, 24520 and 24700

Above 2nd and 3rd resistance for strong resistance for today’s trade

Today BNF can be considered as supports as 24230, 24150 and 24000

Once if breaks and manages below 24000……..Finding a next support around 23750

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.28 am / 20th Oct 2020

19th Oct 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 11765.15 (+0.7%)

NiftyFuture was seen buying pressure at lower levels on few sessions

On Friday, NF was opened 11721 and went up to 11775 then slide and made a low of 11673 again shot up to 11798.

US markets ended with marginal gain on Friday

Dow Jones rose 112 points and Nasdaq dropped 42 points

Asian markets were set to higher on Monday

Again hopes of a US stimulus package before elections

US industrial production fell a sharp 0.6% in Sept

Today focus on private sector banks and especially Hdfcbank

Results on today, Britannia, Hdfclife, LTI, Acc, Centurytec, CSBBank

FIIs net sold 479 crore worth of stocks in cash segment whereas DIIs sold 430 crore

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

This week NiftyFuture Trend Decider 12020 and 11550

Today NiftyFuture is facing a intraday resistance at 11800 and 11835

Once if breaks and manages above 11835………. Will try to check 11885 and 11920+

Today NF considering a support at 11740, 11720 and 11685

Buy on declines!!

More live market update will be sent to my clients only

Updated: 08.57 am / 19th Oct 2020