NiftyFuture last close: 10539.70
What a rally…. Bulls dominated entire day and Nifty gained 121 points and closed above 10500 mark
(NiftyFuture if closes above 10550 ?? Then next Target ?? Click here to my youtube video)
Nifty broken 4 month high and Sensex has closed above 36000
Monday and Tuesday index was sideways. Wednesday and Thursday index was climbed 1.6% and 1.4% respectively
Do you know ?? FIIs having huge shorts in two days back at 66% on Tuesday, Wednesday they reduced shorts from 66% to 58% market rallied 1.6%.
On Thursday FIIs reduced shorts from 58% to 52%. Index gained 1.4%.
FIIs sold 556 Cr worth of stocks in cash segment whereas DIIs bought 908 cr
FIIs bought almost 705 crore in index future
Auto companies rallied after reporting a improvement sales data on June month
US markets closed higher and Nasdaq at an all time high
Dow Jones climbed 92 points and Nasdaq added 53 points
Followed by Asian markets are higher now, Japan’s Nikkei added 74 points, and Hang Seng gain 155 points
Brent crude were down 0.9% and WTI crude fell 0.8%
India’s trade deficit with China reduced to $48.66 billion in FY 2020
SGXNifty indicate a positive opening likes 30-50 points and followed by NiftyFuture likely to open around 10580-10600
Today NiftyFuture is facing a intraday resistance at 10585 and 10625
Once if breaks and sustains above 10625……..Will try to move 10665-10700
(Market is good in last 4 sessions, but intraday players is very fear to buying at current levels)
Today NiftyFuture considering a supports 10545, 10525 and 10500
Below 10500 and manages below the level, Expecting profit booking and next supports 10455 and 10410
More live market update will sent to my clients only
Updated : 08.50 AM / 03rd July 2020
