NiftyFuture last close: 10613.85 (-1.8%)
Bears was dominated on entire day and NiftyFuture fell 1.80% or 195 points
Sensex dropped 660 points at 36033.
I did mention in my weekly analysis and yesterday’s post NF strong support around 10650
Below 10650…….. Will add more power to Bears. What happened on yesterday??
After broken 10650……….. Cracked up to 10553 and bounced up to 10630
US markets Wall street surged on Tuesday trading. Dow Jonnes ended with 2% gain and Nasdaq added almost 1% higher
While updating Dow Future trading at 230 points gain, Hoping Covid-19 Vaccine
Followed by Asian markets are still higher, Japan’s Nikkei at 1.50% higher, Hang Seng index climbed 0.10%
SGXNifty were trading at 10690 up 75 points
FIIs and DIIs both having shorts on index future like 56% says NSEIndia report
FIIs sold 1565 crore worth of stocks in cash segment whereas DIIs also sold 650 crore
Today all eyes on Reliance AGM……….. around 1.30 pm
SGXNifty indicate a positive opening as per global cues and likely to witness volatility will be expected during the day
Today NiftyFuture is facing a intraday resistance at 10660, 10685, 10730 and 10765
Above third and fourth resistance are hurdle for today’s trade……. Stay caution!!
Suppose if crossover and manages above the level………..Will try to check 10820, But chances are remote only.
Today NF can be considered as supports as 10605, 10575 and 10550.
Below 10550……… Expecting more pain!!
More live market update will be sent to my clients only
Updated : 08.48 am / 15th July 2020
