22nd Sept 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 11256.10 (-2.3%)

Yesterday NiftyFuture was witnessed sharp selling pressure in the afternoon session

Worried about fresh lock-downs in many countries including Europe

NF opened at 11500 and made a high of 11535.25 then seen vertically fall up to 11218.50. Finally closed at 11256

Sensex fell 811 points while Nifty plunged 255 points

All front line stocks was seen 2-5% fall

When our market closed US future were traded more then 700 points fall

US markets tumbled on Monday

Dow fell 2%, S&P500 down 1.25% and Nasdaq dropped 0.22%

Asian markets were set to mixed trend and US future trading at flat

Oil falls 5% ahead of rising virus cases

FIIs sold 540 crore worth of stocks in cash segment whereas DIIs also sold 517 crore

But, FIIs net bought in F&O segment

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

Today NiftyFuture is facing a intraday resistance at 11280, 11310 and 11350

If breaks and manages above 11350………. Will try to check 11410

But, Stay caution at higher levels!!

Today NF considering a supports 11230, 11190 and 11165

Below 11165 and manages the level………. Expecting further weakness up to 11100

(Note: Nifty spot considering a very very strong support at 11185. If breaks and closes below the level………….. Trend will be changed to bearish)

More live market update will be sent to my clients only

Updated: 08.46 am / 22nd Sept 2020

22nd Sept 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 21390.90 (-3.1%)

On Friday, BankniftyFuture was seen huge selling pressure and sudden fall from 22400 to 21800. Then bounced back up to 22100. Clearly shown weakness

On yesterday, BankniftyFuture opened at 22025 and went up to 22125 then seen huge sell-off up to 21290. Fell almost 850 points from day’s high.

Do you know ?………. I have recommended selling alert BNF at 22020-22050 but my target was 21750. Achieved given target.

HSBC and Standard Charted banks facing trouble hence reflected in Indian stocks

Many bank stocks was seen huge selling pressure likes Indusindbank fell 8.5%, Icicibank and Axisbank fell 5%, RBLbank declined 6.5%, Sbin down 3.5% and Hdfcbank fell 0.7%

Kotakbank only one bank closed in green at 0.8%

Today bankniftyfuture will open positive note and likely to witness huge volatility will be expected during the day

Today BankniftyFuture is facing a intraday resistance at 21450, 21560 and 21670

Once if breaks and holds above 21670……… Finding a next resistance around 21900

But………… Same mantra………….. Every rise sell and Don’t think to buy at higher levels!!

Today BankniftyFuture considering a supports 21230 and 21100

If breaks and holds below 21100……….. Then will try to check next strong support around 20850-20900

More live market update will be sent to my clients only

Updated: 08.18 am / 22nd Sept 2020