08th Oct 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 11750.90 (+0.7%)

 NiftyFuture was spiked consecutive fifth day and closed seven month high

What a rally in last nine sessions……… From 10800 to 11800

NF was opened 11676 and gradually increased up to 11779. Finally closed at 11754.30

NF closed above the level 11700 mark for the first time since Feb 25, 2020

On Monday TCS was helped to index, on Tuesday HDFC twins was helped and Yesterday Reliance did

Yesterday after market hours TCS declared the earnings report and Beat the street expectations

The company announced a share buyback proposal Rs 16000 crore at Rs 3000/share

US markets closed sharply higher on Wednesday

Expecting some partial US fiscal stimulus may happen

Dow Jones rose 530 points or 1.91% and Nasdaq gained 210 points or 1.88%

Asian markets were set to higher levels on Thursday

Oil falls 2% on US special stimulus impasse

FIIs bought 1093 crore worth of stocks in cash segment whereas DIIs sold 1129 crore

Today’s NiftyFuture supports and resistance levels

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Noon update will be post around 12 pm………… be patient

Updated: 08.48 am / 08th Oct 2020