NiftyFuture last close:11102.05 (+1.7%)
The bulls came back with huge force and Bears 4 days power was finished in single day
NiftyFuture climbed 200 points and Sensex surged 750 points
Have seen strong buying in index heavyweights Reliance, Hdfc twins
Reliance is the only one stock contributed around 110 points to lift Nifty and remaining 49 stock gave 90 points
RBI decision to approve the new CEO for HDFCBank hence stock supported to Nifty
Reliance surged 7% to post the biggest one day gain in more than three months
Energy stocks rose 5.6%, Finance index climbed 2% and IT index was under performed
IT stocks slipped after the US prez signed H-1B visa
US markets ended higher after a choppy session on Tuesday. Dow Jones rose 0.63%, S&P500 gained 0.37% and Nasadaq surged 0.34%
Asia markets were set to open mixed trend on Wednesday
FIIs bought 703 crore worth of stocks in cash segment whereas DIIs sold 665 crore
SGXNifty indicate a positive opening for the index and likely to witness volatility will be expected during the day ahead of RBI policy on tomorrow
NF has formed a strong bullish candle on yesterday’s trade and was seen strong bounce from 200DMA (I said on my youtube video on last week and in my blog also)
Today NiftyFuture is facing a intraday resistance at 11135 and 11165
Once if breaks and sustains above 11165…….. Bulls action will be continued up to 11210
Today NF can be considered as supports as 11085, 11060 and 11040
Below 11040……… Finding a next support around 10980
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Updated: 08.39 am / 05th Aug 2020
