NiftyFuture last close: 12261.45 (+1%)
Nifty posted the best week since June 7, 2020 and highest weekly close since Jan 12, 2020
NiftyFuture claimed 620 points or 5.3%, Sensex rose 2279 points and Banknifty gained 12%
Last Monday NiftyFut was opened at 11683 and last Friday index ended at 12261
US markets ended flat note on Friday and now US future trading around 350 points higher
Asian markets were set to higher levels
Oil prices gained more than 2% on Monday
FIIs pumping huge money in last week, they invested Rs 13399 crore in cash segment whereas DIIs sold 6789 crore
On Friday FIIs bought 4869 crore worth of stocks in cash segment whereas DIIs sold 2938 crore
SGXNifty indicate a gap up opening for the index and likely to witness volatility will be expected during the day
SGXNifty trading above all time high (ATH at 12430)
Early Diwali on Dalal Street
Today NF is facing a intraday resistance at 12350, 12380 and 12430
Once if breaks all time high and manages above the level……… More short covering will be expected up to 12480 and 12530+
Volatility will be expected………… Stay caution!!
Updated: 08.53 am / 09th Nov 2020
