NiftyFuture last close: 11681.55
What a market….. On Monday!!
NiftyFuture was opened 11683 and made a low of 11560 again shot up to 11735
Highly volatile was seen on yesterday’s trade
In end of the session Nifty closed in the green on Monday, led by banking and financial stocks
Banknifty was surged almost 5% or around 1000 points
Action was seen in banking stocks, Finance, Realty and public sector stocks
Selling pressure was seen Energy, Healthcare and IT stocks
Reliance was seen biggest drop since 23 March and stock tanked 9%
Dragged around 130 points to index and stock was declined 21% from recent peak
In last 45 minutes action was seen HDFC and stock rose up to 7% helped to index
US markets closed higher on Monday
Dow Jones rose 423 points, S&P500 rallied 40 points and Nasdaq added 46 points
Asian markets were set to climb on Tuesday
Oil prices gained nearly 3.5%
Many company were set to declare earnings report likes Sunpharma, Adaniports, Dabur, Godrejprop, Muthootfinance, and PVR
FIIs net bought 740 crore worth of stocks in cash segment whereas DIIs sold 533 crore
SGXNifty indicate a gap up opening for the index and likely to witness volatility will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11735 and 11785
Once if breaks and manages above 11785……….. Will try to check 11830 and 11865
NF considering a supports 11700, 11670 and 11630
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.43 am / 03rd Nov 2020
