NiftyFuture last close : 9285.90 (-5.70%)
As expected NiftyFuture fell and closed in the deep red
Bank stock were the main losers as banknifty index cracked almost 8.3%
Both fund housing (FII’s & DII’s) sold aggressively as extension of lock-down and global cues
US indices closed in the green recovered almost 300 points from lower level
Asian markets opened in the green mark
VIX index has surged 10% and around 42
FIIs sold 1373 Cr worth of stocks in cash segment and DIIs also sold 1661 Cr
FIIs sold 1605 Cr value of index future
Today NiftyFuture expected to open at gap up & expecting volatility trade during the day
Today NF is facing a intraday resistance at 9340, 9375 and 9420
If breaks and consolidate above 9420, Finding a next resistance around 9480+
Today NF can be considered as supports as 9265 and 9245
Yesterday’s low was important for today’s trade!!……. Thereafter we see more panic!!
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Updated : 08.53 AM / 05th May 2020
