NiftyFuture last close:11199.50 (+0.7%)
It was a volatile Thursday and end of the day bulls managed to retain around 11200
NiftyFuture was opened at 11140 and sustained 11200 after policy NF rallied up to 11277 then again slipped up to 11120. Finally closed at 11199
Sensex rose 360 points and Nifty gained 98 points
NF has been gained consecutive third sessions
RBI has decided to keep the Repo Rate Unchanged at 4% but given positive commentary
Heavyweight stocks Reliance and Hdfc twins was seen sideways trade
US markets closed higher on Thursday. Dow Jones rose 185 points or 0.68%, S&P500 gained 22 points or 0.65% and Nasdaq spiked 110 point st 11108
Nasdaq index at 11108 just shortage of 80 points to cross Indian Nifty index
US weekly jobless claims hover at higher levels
Today some companies were set to declare earnings report M&M, Cipla, Siemens, Bataindia, Amarajabat, Beml, Recltd and MGL
FIIs bought 637 crore worth of stocks in cash segment whereas DIIs sold 468 crore
SGXNifty indicate a flat opening for the index and likely to witness sideways trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11220, 11245 and 11280
If crossover 11280 and manages above the level, Will try to check next resistance at 11340 which is recent top and strong resistance.
Today NF considering a supports 11170, 11150 and 11110
Below 11110………. Finding a next support around 11065
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Updated: 08.46 AM / 07th Aug 2020
