NiftyFuture last close: 11685.55 (-2.5%)
NiftyFuture was fell nearly 300 points and Sensex fell more than 1000 points
On entire day bears have an upper hand
NF was sustained around 11950-11920 almost 2 hours then bears dominated and index was slipped up to 11663.20
NF was erased last 5 days rally in single day
The correction was triggered fading the hopes of further stimulus package in the USA
Fresh lock-down in Europe which added to weak sentiment in global
Market capitalization fell 3.3 lakh crore in single session. Rs 157.24 lakh crore on Oct 15
US Markets ended with lower on Thursday
Dow Jones fell 0.07%, S&P500 dropped 0.15% and Nasdaq lost 0.45%
Asian markets was seen selling pressure and set to lower opening
FIIs sold 604 crore worth of stocks in cash segment whereas DIIs sold 808 crore
SGXNifty indicate a flat opening for the index and likely to witness volatile trade will be expected during the day
On yesterday NiftyFuture formed a strong bearish candle in daily chart
Today NiftyFuture is facing a intraday resistance at 11710, 11730 and 11775
If stays above 11775…………. Then try to check next resistance at 11830
But………. Stay caution at higher levels!!
Today NF can be considering a supports 11655, 11625 and 11590
Below 11590……….. Expecting more pain!!
More live market update will be sent to my clients only
Updated: 08.48 am / 16th Oct 2020
