NiftyFuture last close: 12788.90
What a fantastic long week at record closing high on Muhurat trading on 14th Nov
Nifty gained 517 points or 4.3% and Sensex surged 1745 points while Midcap and Smallcap indices rose 3.6% and 3.95% on last week
Indian markets extending gains for second consecutive week
FIIS seems very bullish on Indian markets and their support was the major reason for indices to trade at record high
They have bought Rs 19750 crore worth of shares in last week and they bought net total Rs 33232.35 crore for this November month. This is the highest level since 2007.
WPI inflation data for Oct will be releases on Monday
US markets closed higher on Friday
Dow Jones higher at 400 points , S&P500 gained 48 points and Nasdaq added 120 points
Asian markets were set on higher levels on Tuesday
Moderna announced their vaccine is effective 94.5%
Last week Pfizer was announced their vaccine effective 90%
However, Soon medicine will control covid-19
Oxford economics said, Indian economy may be recovering faster than anticipated
FIIs sold 78 crore while DII sold 20 crore on muhurat sessions.
SGXNifty indicate a gap up opening for the index and likely to witness consolidate trade will be expected during the day
Today NiftyFuture is facing a intraday resistance 12820 and 12850
Once if breaks and holds above 12850……….. Finding a next resistance 12900 and 12940
NF considering a supports 12780, 12760 and 12730
More live market update will be sent to my clients only
Updated: 08.43 am / 17th Nov 2020
