NiftyFuture last close: 11542.80 (-0.2%)
NiftyFuture was seen sideways session on yesterday and did not move violently
NF has opened 11578 and made a high was 11594.70 then slipped up to 11511. Finally closed at 11542
Benchmark indices snapped their two-day winning streak on Sept 3
Bank moratorium case postponed to Sept 10 (Next weekly expiry)
US markets was seen huge selling pressure on Thursday. Jobless claims slowdown
US weekly jobless claims drop more than expected hence the stock market crashed
Dow Jones was down 807 points or 2.78%, S&P500 fell 125 points or 3.5% and Nasdaq fell 598 points or 4.96%
Followed by Asian markets are lower on Friday. Japan’s Nikkei down 225 points 0.95%, Topix index fell 0.75%, and Hang Seng index slipped 1.3%
FM asks banks to roll out loan restructuring scheme by Sept 15
FIIs bought 7.73 crore worth of stocks in cash segment whereas DIIs also bought 120 crore
SGXNifty indicate a gap down opening for the index and likely to witness volatility will be expected during the day
Today NiftyFuture considering a supports 11450 and 11410 which was 20 DMA
Once if breaks and holds below 11410 finding a next support around 11350 which is placed at latest swing low
Today NF is facing a resistance 11480, 11525 and 11565. Stay caution at higher levels!!
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Updated: 08.39 am / 04th Sept 2020
