NiftyFuture last close : 8825.85
NiftyFuture saw a weak start and seen huge selling pressure. Didn’t expect that much of fall
Did you know ? I did mention Yesterday’s morning post “NF support at 9040” below the level expecting more weakness… After broken 9040 straight fell up to 8811.
On Sunday, I did mention NF weekly support around 8800-8820.
I have sent selling alert and booked profit almost 85 points.
Yesterday’s market fell……. One thing is clear…. FIIs who were disappointed with the stimulus package.
Investors lost by Rs 3 lakh crore in terms of market capitalization
Banking stocks, NBFC stocks, Auto, Reality and Public sectors was top loser
US market jumped on Monday. Dow rose 912 points, S&P 500 gained 90 pts and Nasdaw up 220 pts
Asian markets are trading at higher levels, Hong Kong up 2%, Nikkei also gain 2%
FIIs sold 2512 Cr worth of stocks in cash segment and DIIs also sold 153 Cr
While updating SGXNifty were trading at 8990 gain of 200 points.
First 15 minutes high is important for Today’s trade!!
Today NF is facing a intraday resistance at 8940, 8975 and 9020
Close watch at 9020……. If breaks and holds above the level will try to check 9060+
Suppose if not sustain at opening gain……… NF will check supports 8915, 8880 and 8810.
Yesterday’s low was crucial support for today’s (like weekly also)
In case if breaks 8810 and holds below the level…….. We see another round panic
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Updated : 08.50 AM / 19th May 2020
