NiftyFuture last close : 9842.30 (+3.1%)
NiftyFuture was surged 14% in April month, highest series to series gain since May 2009
On Thursday, NF was opened gap up and saw volatile trade of April series expiry
Did you know ?….. Our strong breakout at 9400, Broken on Tuesday 9400 within 2 days NF gained almost 475 points (Thursday’s high was 9877.95)
Now, SGXNifty were trading at 9360 down almost 475 points.
US market was fell 288 pts on Thursday, 622 pts on Friday and now Dow Fut down 300 pts
Global side, Tariff tension between US-China. Again N Korea and S Korea border tension
Asian markets also in deep red, Europe Future also in red mark
Today NiftyFuture is expected to open at gap down likely around 9350-9450 and likely to witness volatility will be expected during the day.
Today NiftyFuture can be considered as supports as 9545, 9460 and 9400
If stays below 9400, Finding a next supports 9350, 9270 and 9220.
Last week NF took support at 9110. So this week also same and strong support
Overall NiftyFuture finding a strong support around 8800
No need to write today’s resistance!!
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Updated : 08.38 AM / 04th May 2020
