NiftyFuture last close: 14458.50 (-1.2%)
NiftyFuture has formed a bearish candle on Jan 15 after a long period
NF was opened 14605 then slipped up to 14375 again went to 14460
High volatile was seen while VIX index climbed 5%
Sensex inched closer towards 50000 while the Nifty climbed 14650
But, Sensex unable to cross 50k and made a high was 49795
HDFCBANK reported strong earning on Jan 16
As usual Reliance was struggled around 1900-2000
FIIs net bought 16901 crore worth of stocks in cash segment Jan so far while DIIs net sold Rs 12323 crore
China’s GDP came with better than expected
Today Mindtree, Ibrealest, Indiamart, and Irb will announce their quarterly earnings report
This Week NiftyFuture Trend Decider 14660 and 14370
NiftyFuture has formed a bearish candle on daily chart and formed dragon fly doji kind of pattern on weekly chart which indicated NF was closed at 14370 on previous week (Jan 1st week) and NF was made a low of 14375 on last week (Jan 2nd week)
Today NF is facing a intraday resistance 14475, 14500 and 14540
Stay caution at higher levels……… If rise can sell
Now I am bullish only above 14660 until every rise can sell
Today NF considering a supports 14415, 14395 and 14370
Below 14370……… Finding a next support around 14320
More live market update will be sent to my clients only
Updated: 08.45 am / 18th Jan 2021
