NiftyFuture last close: 14769.95
NiftyFuture was shot up to more than 100 points and Sensex rallied over 250 points on 06th May
Positive global cues was helped to lift the Indian equities
NF was opened 14718 and made a low of 14657 then went to 14788
Nifty50 reclaimed at 14725 while Sensex rose 272 points to close 48949 points
Action was seen auto, financial and IT stocks
After Coforge result stock was gained more than 15% and followed by IT stocks gained
Wipro, Mindtree, Mphasis, and Happiestmind rallied significantly
Heromoto declared good earnings report on post market hours
India worried about virus cases and yesterday too surged more than 4 lakhs
Global sentiment seems good and earnings report also good
Today focus on HDFC will be declaring earnings report
US markets ended at record high on Thursday
US weekly jobless claims drop to fresh 13 month low
Dow Jones rose 0.93%, S&P500 gained 0.82% and Nasdaq gained 0.37%
Asian markets were set to mixed trend on Friday
Today HDFC, Ultracemco, Dabur, Cholafin, and Godrejagrover will be announce result
FIIs net bought Rs 1222 crore while DIIs sold 632 crore worth of stocks in cash segment
SGXNifty indicate a positive opening for the index and likely to witness volatile trade will be expected during the day due to weekend
NiftyFuture is facing a intraday resistance 14780-14810
If stays above 14810 and holds above the level……. Will try to move 14850-14890
Stay caution at afternoon trade!!
Today NF can be considered as supports as 14750-14720
Below 14720……… Finding a next support around 14650
More live market update will be sent to my clients only
Updated: 08.59 am / 07th May 2021
