NiftyFuture last close: 14189.45
NiftyFuture was seen profit booking on Wednesday after hitting a record high
NF opened the day with a gap up but failed to hold the gains and saw profit booking
NF opened at 14250 and almost 2-3 hours sustained 14230-14245 then bears took control NF slipped up to 14078 then Bulls took control from bears……. NF shot up to 14200…….Ooops!!
I have recommended selling alert NF at 14235 and achieved my intraday target 14150
As well as recommended 14200PE around 65 and booked profit at 170
Sensex hit a record high of 48616 while Nifty50 hit a life time high of 14244 before bears took control of markets
Sector wise the action was seen in metals, telecom and power while profit booking visible energy, FMCG and IT stocks
Reliance fell more than 2.5% but Banking stocks helped to both index
US markets ended to all time highs on Wednesday
Dow Jones closed 438 points higher, S&P500 gained 21 points and Nasdaq dropped 78 points
Asian markets surged on Thursday
Maharastra cabinet clears proposal to cut govt levies on real estate by 50% until Dec 2021
FIIs and DIIs both sold in cash segment they sold 483 crore and 380 crore respectively
Today’s NiftyFuture supports and resistance levels will be sent to my clients during market hours!!
Noon update will be post around 12.30 pm…… be patient
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Updated: 08.46 am / 07th Jan 2021
