NiftyFuture last close: 11401.95 (-2.3%)
NiftyFuture was opened gap up at 11765 and went up to 11794.45 then fell 11350
Almost 450 points wiped-out from intraday’s high
Its biggest fall in last three months
Did you know? Yesterday I did mention in my blog “NiftyFuture weekly resistance at 11785 and support at 11400”
But, yesterday itself both top and bottom came and finally closed my support zone
Selling pressure was seen in realty, healthcare, power, capital good and banking stocks
Yesterday morning there was no negative news…… but in live market came news was
India-China border clash and SEBI did not extend the new margin pledging rule
In single day bears earned the points whatever bulls get points in whole month
Yesterday CE and PE premium was increased not good for option sellers
VIX index climbed 30%
After market hrs came………. GDP date came at -24% but expected at -19%. Below expectation.
SC announced AGR Verdict at 11.30 am today
US markets closed mixed on Monday. Dow Jones fell 224 points, S&P500 lost 7 points and Nasdaq added 80 points at 11775
India’s Nifty unable to close above 11775 but US’s Nasdaq closed above 11775
Asian markets are mixed now
FIIs turned to selling in cash segment they sold 3395 crore worth of stocks
DIIs tuned to buying, they bought 681 crore
SGXNifty indicate a positive opening for the index and likely to witness huge volatility will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11480 – 11540
If crossover 11540 and manages above the level……… Will try to check 11620+
But………….Stay caution at higher levels and Don’t trade aggressively!!
Today NF considering a supports 11350, 11300 and 11240
Below 11240…………..Finding a next supports 11180-11100
(Note: NiftyFuture very strong support at 11100………. One flash-back is there I will post in live market in my blog)
More live market update will be sent to my clients only
Updated: 08.47 am / 01st Sept 2020
