NiftyFuture last close: 11522.40 (-0.8%)
Day before yesterday NiftyFuture was closed above the crucial resistance 11600 mark and was seen strong bullish candle
But, yesterday global cues was not good and index opened below 11600 and closed at 11522
NF opened at 11521 and went up to 11578 then made a low of 11483. Finally closed at 11522
On US side, US markets ended lower on Thursday
Dow snaps 4 day gaining streak and S&P500 declined 28 points or 0.85% biggest drop in this week
Fall in tech stocks led Nasdaq dropped 140 points or 1.27%
Asian markets were set to mixed trend on Friday
RBI will purchase govt securities under open market operations (OMO) of Rs 10000 cr
Gold falls after US Fed dampens hopes for more stimulus packages
FIIs has turned to selling mode but they sold little bit of Rs 250 crore while DIIs sold 1067 cr
Under 13 stocks ban in F&O segment
SGXNifty indicate a flat opening for the index and likely to witness sideways trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11550, 11575 and 11620
Above three resistance are crucial for today’s trade!!
Today NF can be considered as supports as 11495 and 11470
Below 11470……….. Finding a next support around 11435
More live market update will be sent to my clients only
Updated: 08.34 am / 18th Sept 2020
