NiftyFuture last close : 8620.95 (+4.0%)
NiftyFuture has closed with sharp gains and closed at +4%
But, In last one hour has seen selling pressure and erased 100 points gain from day’s high
US markets close in the red mark consecutive two sessions
US market fell 410 points and now Dow Fut down 250 points
Asian markets are mixed now, Japan and Hangsend in red and China in green mark
FIIs sold 3045 Cr worth of stocks in cash segment whereas DIIs bought 3576 Cr
FIIs bought 1506 Cr in Index Future
Brent crude at $ 22.75 and Rupee ends at flat 75.59 vs $
On Virus side, White house is projecting deaths will be rise above 1 lakh in USA
In India cases crossed 1500 mark, Italy and Spain deaths on Yesterday above 800 each country
Today NiftyFuture is likely to open at negative note and expecting weekly expiry volatile during the day
Today NiftyFuture is facing a intraday resistance at 8650 and 8720
Above two resistance are crucial for Today’s trade
Once if breaks and holds above 8720, Finding a next resistance at 8830
But, Stay caution at higher levels and every rise can sell
Today NF can be considered as supports as 8550 and 8425
Below 8425………… Expecting further weakness up to 8320 & 8200
Don’t short at very lower levels!!
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Updated : 08.45 AM / 01st April 2020
