Last close: 10071.80 (+1.1%)
NiftyFuture extending another winning day, Consecutive sixth winning day!!
In last 1 hour both index fell like NF fell 100 pts and banknifty index fell 800 points
NiftyFuture was climbed 1200 points in last 6 sessions so seen some profit booking on last 1 hour.
Did you know ? I have very bullish on 28th April when NF was broken 9400 my stop-loss was 8800 (See trend signal link)
After changed bullish trend NF was came near by stop-loss (support zone) 8800 but didn’t break
Now again NF was shoot up to 10200……….!!
FIIs bought Rs 15000 crore in last 6 days (including Kotakbank QIP)
Yesterday FIIs bought 1851 crore of stocks in cash segment while DIIs sold 781 Cr
US markets was closed at higher levels and followed by Asian markets are flat
Today NiftyFuture is expected to open at flattish note and likely to witness volatile trade will be expected during the day ahead weekly expiry.
Today NF is facing a intraday resistance at 10100, 10130 and 10200
Above three resistance are crucial for today’s trade.
May take very major resistance for NF around 10200. Suppose if crossover 10200
We see another round short covering up to 10380 for positional or June series
So until 10200 stay caution……. Means expect some profit booking up to 9850 but trend is very bullish.
Today NF can be considered as supports as 10040, 10020 and 9985
Below 9985………. Finding a next support around 9920
More live market update will be sent to my clients only
Updated : 08.45 AM / 04th June 2020
