NiftyFuture last close: 14597.95
Indian market surged for the third consecutive day in a row on Tuesday
Global market has supported and Indian markets hit fresh record highs
NiftyFuture broken 14600 levels and gained 75 points while Sensex rallied by more than 200 points
NF was opened 14478 and slowly went to 14624 then finally closed around 14600
Sector wise, Telecom, energy, realty, public sector was seen action and selling pressure visible healthcare, FMCG and capital goods
Finally underperformed stocks Reliance and Hdfcbank both was spiked and supported to index
Hdfcbank, Bob, Idfcfirst bank, Pnb, Sbi and Fedbank was seen rally on yesterday
US markets closed higher on Tuesday
Dow Jones rose 60 points, S&P500 closed at flat and Nasdaq added 36 points
Asian markets opened mostly higher on Wednesday
India IIP contracts 1.9% in November 2020 Vs 3.6% expansion in October
Retail inflation in India eases to 4.59% in Dec
Infosys and Wipro will announce their quartely earnings on Today after mkt hours
SGXNifty indicate a positive opening for the index and likely to witness some volatile trade
NiftyFuture formed a bullish candle on a daily scale and continued the formation of higher highs from the past 15 trading days
NF is facing a intraday resistance at 14630, 14655 and 14700
Stay caution at higher levels……… better to avoid fresh longs……. Expecting profit booking!!
Today NF considering a supports 14570 and 14545
Below 14545 then will check next support around 14500
Highest OI was seen 14500………. Maybe NF will take support around 14500
More live market update will be sent to my clients only
Updated: 08.49 am / 13th Jan 2021
