NiftyFuture last close: 12881.85 (+0.7%)
NiftyFuture closed in the green for the fifth consecutive day in a row on Tuesday
Index was opened at 12897.70 and went up to 12906.80 then slide and made a low of 12801 again went up to 12889
Positive trend seen in Asian markets as well
Sensex hit a fresh record high above 44000 for the first time
Sensex rallied 11% this month so far, Midcap index rallies 13th day in a row up 10%
Action was seen metals, capital goods, banks and realty stocks
Selling pressure was seen IT and healthcare stocks
Reliance opened at 4% high at 2080 then closed below 2000 level and seen huge selling pressure
Sbin, Kotakbank and Axisbank did very well
India VIX index climbed 3.5%
US markets ended lower on Tuesday, Dow Jones fell 167 points and Nasdaq fell 25 pts
Asian markets were set for a sluggish open on Wednesday
LVB under one month moratorium
FIIs net bought 4905 crore worth of stocks in cash segment whereas DIIs sold 3829 crore
SGXNifty indicate a flattish opening for the index and likely to witness consolidate trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 12900, 12920 and 12945
Once if breaks and manages above 12945…….. Expecting rally up to 12980-13030
NF can be considered as supports as 12850 and 12820
Below 12820……….. Will try to check 12780
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Updated: 08.40 am / 18th Nov 2020
