NiftyFuture last close: 10071.90
Indian market saw sharp bounce back and Sensex rallied 700 points. Nifty reclaimed 10050 and gained 200 points
Banking stocks led the rally after SC allowed more time to the DOT to review the payment proposals
Most of the sectors Banks, Finance, Metals and Power stocks indicate a strong performance
Bhartiartl, Tcs, Maruti, Hindunilvr and Ongc not well
Last week I did said on my Youtube video, NF this week movement is 9700-10300
US markets fell marginally lower, Dow fell 40 points and Nasdaq gained 32 points
Asian markets are in mixed trend, Japan’s Nikkei up 0.5%, HongKong at flattish
Crude climbed marginally higher, Brent crude up 0.3% to $41.56 a barrel
FIIs have turned to buying mood from selling mood, They bought 366 cr and DIIs bought 1131 cr worth of stocks in cash segment
FIIs have reduced shorts in index future, Now they long 51% in index future
SGXNifty indicates almost flattish note and likely to witness consolidate trade will be expected during the day.
NiftyFuture facing a intraday resistance at 10085 and 10110 which means 100 DMA
If crossover 10110 and holds above the level, Will try to move 10150 and 10210
Today NF considering a supports 10040, 10015 and 9990.
If sustains below 9990……… Finding a next support around 9930
Don’t short at very lower levels!!
More live market update will send to my clients only
Updated : 08.48 AM / 19th June 2020
