Niftyfuture last close: 10240.25
NiftyFuture saw a side ways trend on yesterday except in last one hour
In last hour NF was slipped from 10290 to 10185 then again spiked up to 10240
When Nifty fell Dow fut traded at 150 points lost, But yesterday US market closed at higher level. Dow Jones climbed 217 points and Nasdaq added 185 points.
While updating Dow future were trading at 35-50 points loss.
Asian markets are mixed now, Japan’s Nikkei down 42 points and Hang Seng added 125 points green
Today Auto stocks sales figure will be out, Maybe better than last month sales data
FIIs sold 2000 crore worth of stocks in cash segment whereas DIIs bought 2051 crore
RBI said, India’s current account balance (CAB) surplus of $0.6 billion (0.1% of GDP) in Q4
Fitch slashed India’s FY22 growth forecast to 8% from 9.5% projected in last month
All mutual fund purchases will attract a stamp duty from today onwards (1st July)
SGXNifty indicates a negative opening for the Indian market and likely to witness side ways trade will be expected during the day.
Today NiftyFuture is facing a intraday resistance at 10265, 10290 and 10330
Above three levels are crucial for today’s trade. In last 4 sessions struggled above the levels.
Today NF can be considered as supports as 10210, 10185 and 10150
If sustains below 10150…….. Expecting further weakness up to 10090
More live market update will be sent to my clients only
Updated : 08.51 AM / 01st July 2020