NiftyFuture last close : 8257.30 (-4.20%)
NiftyFuture has seen sharp losses on Wednesday session, Index has declined -4.20%
Both (FIIs and DIIs) institutions has sold large cap stocks
US markets close in the green but now Dow fut trading around 200 pts down side
Crude sees biggest ever rebound, rose over 25% as Trump indicates talks Saudi Arabia and Russia to see oil production cuts, It’s very positive for Oil markets!!
Asian markets at green zone, But SGXNifty were trading 40-70 points down side!!
PM is giving video message at 9 AM…… Expecting lock-down extended state wise or is tight for current lock-down. Market awaiting his speech.
In India, Virus cases crossed 2000, If remove Delhi meeting case maybe at least below 500 only.
Next two weeks very crucial for India. Maybe final figure of virus cases will topped out
Worldwide Covid-19 cases hit 1 million (10,000,00)
FIIs sold 1116 Cr worth of stocks in cash segment and DIIs also sold 450 Cr
Today NiftyFuture is expected to open at negative note, Likely to witness volatile trade will be expected during the day.
Market waiting for PM’s video message.
Anyhow let’s see NiftyFuture technical levels!!
NiftyFuture is facing a intraday resistance at 8330 and 8385
Once if breaks and holds above 8385, Finding a next resistance at 8500+
Stay caution at higher levels.
Today NF can be considered as supports as 8180, 8140 and 8040
NF once if consolidate below 8040……….. Will try to check 7900
Don’t short at very lower levels.
Long weekend so avoid overnight positions!!……
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Updated : 08.42 AM / 03rd April 2020
