NiftyFuture last close: 10807.55 (+0.4%)
What a volatility day. Very tough fight was seen bulls and bears on yesterday’s trade
Finally bulls have won. Yes, NiftyFuture ended at 45 points gain
NF was opened at 10834.70 and went up to 10879.40 then bears have dominated and made a low of 10749. Then took U turn up to 10815……..Ooops!!
I have recommended two alert. First buying alert booked 40 pts profit and 2nd revised SL hit 20 pts
Reliance industries aided gains by hitting a fresh record high and surpassing the market-cap of 12 lakh crore
Bulls action was seen in Telcom, IT, Metals, Cement and FMCG stocks
Bears action was in Finance, Banks, and Power stocks
Yesterday US market Dow was opened higher level and went up to 350 points and SGXNifty also went 10880
But, US market second session seen heavy selling pressure and front line IT stocks dropped likes Microsoft, Google and Amazon.
Dow ended with marginal high of 10 points at 26085 and Nasdaq fell 226 points or 2.13% (because most of the IT stocks listing in Nasdaq)
Asian market are followed by global cues Japan’s Nikkei fell 192 points or 0.85%, Kong Hong’s Hangseng lost 390 points or 1.15%
FIIs bought little bit 222 crore worth of stocks in cash segment whereas DIIs sold 1485 cr.
SGXNifty indicates a negative opening followed by global cues
Today NiftyFuture can be considered as supports as 10770 and 10735
Once if breaks and holds 10735 Finding a next support around 10650-10665
Below 10650…….. Bears will get more power………!!
Today NF is facing a intraday resistance at 10800, 10830 and 10880
Already I did mention many times in my blog and youtube video “NF very strong resistance zone and 200DMA around 10880-10930. Stay caution”
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Updated : 08.46 am / 14th July 2020