NiftyFuture last close: 11344.35 (+0.5%)
What a sideways market. Yesterday in last 3 hrs was seen idle in NF
NF was opened at 11350 and went up to 11376.75 on first 10 minutes then sustained around 11340 almost 2-3 hours
Then NF dropped up to 11302 again went and sustained 11340-11360. Ooops!!
BankniftyFuture was outperformed on yesterday’s trade. Nifty bank index gained 1.6%
NF was moved from 10880 to 11370 in last 7 sessions
This August series started at 11150. In last two weeks NF consolidated around the levels
Without Reliance help….. Nifty not surge
US markets ended lower on Tuesday. S&P500 and Dow snapped a seven-day streak of gains
Dow Jones fell 104 points, S&P500 lost 27 points and Nasdaq dropped 185 points
Asian market were set for choppy trade after the US markets cooled off
India’s IIP came for June contracts to 16.6%
Gold price dropped and trading below $1900
FIIs bought 1013 crore worth of stocks in cash segment whereas DIIs sold 1415 crore
SGXNifty indicate a gap-down opening for the Indian index and likely to witness volatility will be expected during the day
Yesterday NF was closed above 3 month high but not supported global cues while NF seems profit booking
Today NiftyFuture considering a supports 11320-11290
Once if breaks and holds below 11290……… Finding a next support around 11240 and 11200
Today NF facing a resistance at 11340 and 11380. Stay caution at higher levels!!
More live market update will be sent to my clients only
Updated: 08.48 am / 12th Aug 2020
