NiftyFuture last close:11256.85
NiftyFuture was seen huge volatility on Sept 30
NF opened at 11250 and made a low of 11195 then went up to 11294.80 again came back 11240
Finally Nifty ended 25 points higher while Sensex rose 95 points
When Nifty closed Dow future was down 200 points but US market opened gap up for hoping stimulus package then SGXNifty gained 100+
On yesterday action was seen in FMCG, Capital goods and Pharma stocks while selling pressure visible Telecom, Metals and Oil & Gas stocks
US markets closed solidly higher on Wednesday expecting new pandemic relief package
Dow Jones rose 330 points, S&P500 gained 28 points and Nasdaq gained 83 points
Asian markets were set to higher levels on Thursday
FIIs sold 712 crore worth of stocks in cash segment whereas DIIs bought 409 crore
SGXNifty indicate a positive opening for the index and likely to witness volatility will be continued ahead of weekly expiry and long weekend
Today NiftyFuture is facing a intraday strong resistance at 11300
Maybe index will open above magical figure 11300………Then finding a next resistance 11350 and 11390
If stays above 11390…….. Try to check next resistance 11440
Today NF considering a supports 11300, 11260 and 11220
Don’t short at lower levels!!
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Updated: 08.50 am / 01st Oct 2020
