NiftyFuture last close: 14489.25
Week started with a 1% gain in index
NiftyFuture ended the day at new highs of 14498 while Sensex up 486 points at 49270
NF was opened at 14453 and slipped up to 14400.95 then went to 14498
NF if declined like more than 75 points then bounced immediately and breaks day’s high
Yesterday also happened same strategy…… Hence buy on declines!!
IT stocks rallied after the strong earnings on TCS
Auto stocks Tatamotors, Bajajauto, M&M, and Tvsmotor seen action on yesterday
HDFCBank climbed and came nearby recent top but unable to break magic figure
Kotakbank, Indusindbank, Sbin and Icicibank visible selling pressure
As usual Reliance was seen underperform
VIX index spiked more than 8% and premium is looks very attractive!!
US markets fell 90 points S&P500 dropped 25 points Nasdaq fell 165 points
Asian markets were set to mixed trend on Tuesday
RBI says NPA may rise to 14.8% by Sept 2021 compared with 7.5% in the year ago period.. Wait and see how bank index will react ?
FIIs pumped more than 3000 crore in cash segment while DIIs sold 2610 crore
SGXNifty indicate a flat opening for the index and likely to witness volatile trade during the day
NF has closed at the highest point of the day despite weakness in US futures
NF crossed a rising trendline on the day chart which was indicated that the bulls have an upper hand
Today NFis facing a intraday resistance at 14500, 14525 and 14555 while NF considering a supports 14470, 14435 and 14400
Yesterday’s low 14400 is the crucial support for today’s trade!!
More live market update will be sent to my clients only
Updated: 08.43 am / 12th Jan 2021
