NiftyFuture last close: 14217.95
The market bounced back after turning negative tracking weak global cues on Tuesday
NF was opened at 70 points gap down at 14110 and made a low of 14077 thereafter shot up to 14227
Indian markets not cared about global market weakness and Bulls dominate everyday
Bulls do not rest without killing the bears in the last row!!
Sensex rallied more than 300 points to hit a record high while Nifty spiked 66 points
Action was seen Banking stocks, IT, and media while selling pressure visible metals, Finance and realty stocks
Axisbank, Icicibank and Indusindbank did very well in bank index
Hdfc, Hdfclife, Infy, and TCS did well in Nifty stocks while Bajfinance was seen selling pressure
Reliance……… Something cooking and sleeping around 1900-2020 in past 3 months
On Sept 16th 2020, Reliance was at 2350 when Nifty at 11600 and now Nifty gained 2600 points at 14200 but Reliance slipped 400 points at 1950
US markets ended on higher on Tuesday and focus on outcome of the Senate runoff elections in the sate of Georgia
Dow Jones gained 167 points, S&P500 gained 26 points and Nasadaq added 120 points
Asian markets were set to mixed on Wednesday as awaiting results of US runoff elections results
FIIs net bought 986 crore while DIIs net sold 490 crore in cash segment
SGXNifty indicate a flat opening for the index and likely to witness volatile trade expected
Today NiftyFuture is facing a intraday resistance at 14230 and 14265
If crossover and holds above 14265………. Then will finding a next resistance at 14310
Stay caution at higher levels!!………..Avoid fresh long at higher levels.
Better to trade intraday and travel with market……Don’t think against the market!!
Today NF considering a supports 14175 and 14130
Below 14130………. Finding a next support around 14000-14050
Day before yesterday’s low was 13970……… Use closing basis stop-loss for your all longs!!
More live market update will be sent to my clients only
Updated: 08.35 am / 06th Jan 2021
