NiftyFuture last close : 10462.35
NiftyFuture was extended losses and closes below 10500 for the first time since Dec 2018
CoronaVirus cases increased in India. 62 cases are found in Yesterday’s evening report
Worldwide cases increased like Europe country and US
China says virus case under control and more patients return to home
WHO has reported 15000 cases found in out side China and over 280 deaths. South Korea, Iran, Italy, Japan, and middle Asia are highly affected
On global market. US markets has fell 7% on Monday and recovered 5% on Tuesday. Now 2% Off
Europe markets on Monday down 8-9% and Yesterday also not closed in 1-2% red
Tomorrow ECB meeting is there, Expecting will take positive decisions
Next week FED meeting is there, Expecting some rate cuts
Now, Is RBI will give any surprise ??
FII’s have sold 6595 Cr worth of stocks in cash segment whereas DIIs bought 4974 Cr
NiftyFuture is expected to open at flattish note will see swing trade entire day
Today NF is facing a intraday resistance at 10500, 10540 and 10585
If crossover 10585 with volumes………… Finding a next resistance at 10660
Today NF can be considered as supports as 10420, 10380 and 10340
Below 10340………… Another round selling pressure will be expected up to 10250 and 10175
(Note : NF will take strong support around 10000-10200
Mind voice…….. Suppose if not take support at 10000 ???……. Haha will update soon)
Updated : 08.43 AM / 11th March 2020
