NiftyFuture last close : 9280.70
NiftyFuture saw a huge swing trade on Yesterday, First one hour bounced from 9125 to 9373.
In last 2 hours, NF slipped from 9350 to 9180 then again bounced up to 9300
Yesterday, when our market closed US Fut trading +125, Then US markets closed down 200
The S&P 500 and Dow fell as data showed U.S private employers laid of 20 M in April
Now, SGXNifty were trade around 9150, Down 130 points
All Asian markets under pressure on Thursday’s trade, Nikkei, Hong Kong lost almost 1%
FIIs sold 494 Cr worth of stocks in cash segment whereas DIIs bought 322 cr
NiftyFuture is expected to open at gap down and likely to witness swing trade during the day.
Today NiftyFuture is facing a intraday resistance at 9250, 9290 and 9330
If crossover 9330……. Then will move Yesterday’s high 9375
If comes resistance zone, Don’t wait & Sell. Everything is happened in volatile trade
Today NF considering supports 9175, 9140 and 9110
If breaks and holds below 9110……… Then will try to check 9040 and 8980
Don’t short at very lower levels!!
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Updated : 08.46 AM / 07th May 2020
