09th Sept 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 11319.85 (-0.4%)

On yesterday NF was opened 11348 and went up to 11447 then dropped 11301

Finally closed at 11319.85

NF was fell almost 140 points from intraday’s high in last 1 hour

Global cues are not good, Seems global sell-off

Reliance has been supported to index in last two sessions

US markets was seen huge selling pressure but there is no major negative news

Technology stocks was fell heavily and Nasdaq index fell almost 12% in last one week

Dow Jones down 632 points or 2.25% and Nasdaq fell 465 points or 4.11%

Asian markets were trading at negative zone

Japan’s Nikkei down 365 points, Taiwan index fell 1.6% and HangSeng down 300 points

Crude fell below $40. Positive for Indian markets

FIIs sold 1056 crore worth of stocks in cash segment whereas DIIs bought 620 crore

SGXNifty indicate a negative opening for the index and likely to witness volatile trade will be expected during the day

Today NF can be considered as supports as 11290 and 11260 (My Weekly support)

Once if breaks and holds below 11260……….. Finding a next supports 11230 and 11185

Today NF is facing a intraday resistance at 11350, 11385 and 11420

Every rise can sell…………!!

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Updated: 08.43 am / 09th Sept 2020