NiftyFuture last close: 11226.20
NiftyFuture has been consolidated on Friday’s trade but closed above 11200 mark
On last four trading session bulls was dominated and climbed over a 1.3 percent in the week ended August 7
Midcap index gained 4% while Small-cap index surged 5% in the week ended 07th Aug
The hearing in SC on the adjusted gross revenue (AGR) dues will be held on Aug 10
Didn’t know the timing of hearing…….So close watch media news!!
Focus on Indusindbank, Idea, Bhartiartl for the hearing in SC
FIIs have net bought 9496 crore worth of stocks in cash segment in last 5 sessions whereas DIIs have net sold 2133 crore which could be due to profit booking and redemption pressure as the market rallied 50% from March 23’s low
Upcoming data. June industrial output will be released on Aug 11 and CPI Inflation on Aug 12.
Whole sale price inflation will be declaring on Aug 14
SGXNifty indicate a flat opening for the Indian index and likely to witness volatility will be expected ahead of AGR in SC
Today NiftyFuture if facing a intraday resistance at 11250 and 11285
If crossover and manages above 11285……… Will try to check recent high 11340
Today NF can be considered as supports as 11210, 11190 and 11160
Below 11160………. Finding a next support around 11120
More live market update will be sent to my clients only
Updated: 08.43 am / 10th Aug 2020
