NiftyFuture last close: 13191.85
NiftyFuture has ended flat on December 3 after hitting new highs in the early trade
NF was opened 13210 and made a high of 13228.40 then slide up to 13153 again went to 13200
Index was consolidated around 13170-13200
Sensex was up 15 points at 44632
Global market sentiment was good like Vaccine news and strong economic data
Sectorally action was seen public sector banks, Metals, Auto stocks
Profit taking was visible IT, Finance and Bank stocks
Maruti rose almost 8%. I have recommended in last two days since 7070, Yesterday closed at 7750
Reliance formed higher highs and higher lows….. Anytime rally will be expect
Today all eyes on the outcome of the MPC (Monetary Policy Committee) meeting on Dec 4
I am expecting RBI could keep rates but may increase growth forecast for the upcoming months
US markets closed at a record high on Thursday
Dow Jones rose 0.29% while S&P500 lost 0.05% and Nasdaq climbed 0.23%
Asian markets were set to modest gains on Friday
IMF says: Indian economy is gradually recovering
FIIS again pumped Rs 3637 crore in cash segment whereas DIIs sold 1439 crore
SGXNifty indicate a modest gain for the index and likely to witness sideways trade during the day
Today NiftyFuture is facing a intraday resistance at 13210 and 13235
After RBI decision, NF if sustains above 13235………. Then will move 13280
Today NF can be considered as supports as 13170, 13150 and 13100
Below 13100………..will try to check 13050
Don’t short at very lower levels……… Trend is bullish!!
More live market update will be sent to my clients only
Updated: 08.58 am / 04th Dec 2020
