NiftyFuture last close: 11669.65 (+1.3%)
NiftyFuture has shown strong rally on yesterday’s trade and index broken recent resistance 11630
Nifty was dropped 11620 to 10800 in five sessions but in last 7 sessions index was spiked from 10800 to 11680
On yesterday index sustained around 11580-11600 almost 3-4 hrs
But, In last 1 hour broken 11620 and shot up to 11683
HDFC bank and HDFC both was contributed to lift index
Do you know?……… Reliance is underperformed in last 10 days. Anytime it will spurt
US markets ended down more than 1% on Tuesday
Dow fell 375 points and Nasdaq dropped 177 points
Asian markets are set to mixed trend
Oil prices slide as Trump cancels aid talks
US trade deficit up to $67.1 billion in August, 14 year high
FIIs bought 1101 crore worth of stocks in cash segment whereas DIIs sold 934 crore
SGXNifty indicate a positive opening for the index and likely to witness volatile trade expected during the day
Just 100 points away from Nifty August month high at 11800
Today NiftyFuture is facing a intraday resistance 11680-11710
If crossover 11710 and holds above the level……….. Will try to move 11735-11760
Stay caution at higher levels!!
Today NF considering a supports 11635 and 11600
Below 11600……….. Try to check 11560
More live market update will be sent to my clients only
Updated: 08.48 am / 07th Oct 2020
