#NiftyFuture Weekly Analysis (29th June – 3rd July)

Niftyfuture last close: 10318

Consecutive 2nd winning week and NF managed above 10200 mark and weekly close at 10318

NF weekly gain of 1.2% and Sensex rose 1.2%. Rally seen in the Mid-cap and Small-cap index with added 2.7% in the last week

Last week NF was made a weekly high of 10536 (Wednesday) and weekly low of 10181 (Thursday)

On 26th June NF was spiked from intraday low of 10235 to 10348. Finally weekly close at 10318

NF was seen rallied 37% from March 23’s low 7551 to 10548

Till this June month FIIs bought 9430 crore worth of stocks in cash segment whereas DII net sold 653 crore.

FIIs sold 3503 crore in Index Future till date of this month June

Covid-19 have been increasing day by day and daily infected peoples figures came nearly 20k

Total cases currently stands at above 5,29,421 (at 11.06 am) which includes 16103 deaths and recovered cases 3,10, 146 as per govt data. Recovered ratio around 57%.

Many states has already extending their lockdown till July 31st

Now, Govt maybe release July month guidance in couple of days

SEBI recently extended the date for disclosing earnings report till July 31

In coming week many company will be declaring earnings report like, Ongc, Bharatforge, Rites, Sail, Mrf, and Force motors

June auto sales will be declaring on 1st July. April month was full washout, May month was reopened gradually and June month was 85% fully opened. However the sales figure will come better than last month.

NiftyFuture weekly trend decider at 10180 and 10540

(Did you know ? In last week I did mention in NF weekly analysis “NF facing weekly resistance at 10530″……….. Do you know last week NF high ?? Exact high of 10536. Click here )

NiftyFuture has formed Spinning Top candle and 2 days shoulders top

Chart indicating a weekly resistance at 10370, 10450 and 10540. These resistance are very crucial for coming week.

Suppose NF once if breaks and manages above 10540…….. We see further rally up to 10750. But chances are remote only.

On other hand, NF can be considered as weekly supports as 10180 and 10050. If breaks and sustained below 10050.

Bears have an upper hand up to 9820.

On Option side, Call writing was seen 10400, 10500 and followed by 11000 while Put writing was seen at 10100, 10000 and followed by 9800

Highest OI was seen 10000PE and 10500CE…….. Hence is NF will consolidate around 10000-10500 on coming week ?

More live market update will be sent to my clients only

Updated : 12.02 PM / 28th June 2020

26th June 2020 #NiftyFuture Intraday Levels

NiftyFuture June last close: 20296.50

July last close: 10245.65

What a terrible day. NiftyFuture remained volatile on yesterday’s trade

NF was opened at deep red around 10195 and made a low of 10181 then went up to 10348.

Noon session NF slipped from 10348 to 10220 and last one hour NF skyrocketed up to 10362. Again slipped up to 10290.

Do you know ? Yesterday NF movement was 375-425 points.

US markets closed higher in choppy trading on Thursday

Dow Jones gained 299 points, S&P 500 added 33 points and Nasdaq spiked 108 points

Asian stocks were set to gain on Friday. Nikkei gaining 0.20% and HongKong index lost 1%

 The Nifty June expiry rollover is at 78.93% on Thursday compared to 75.67% on same day of previous expiry

The Market wide June expiry rollover is at 91.67% on Thursday as compared to 90.71% on same day of previous expiry

Today some companies will be declaring results ITC, Coalindia, Glenmark and Suntv

FIIs sold 1050 cr worth of stocks in cash segment whereas DIIs sold 255 cr

FIIs 58% short & DIIs 54% short in Index Future

SGXNifty indicate a positive opening for the Index like 40-70 points gap up

Expecting trading range in July series 9600-10800

Today NiftyFuture is facing a intraday resistance at 10275, 10320 and 10360

Above last two resistance are strong for today’s trade. Suppose if breaks and holds above 10360……. Bulls will be dominating up to 10440

Today NF can be considered as supports as 10240, 10175 and 10130

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated : 08.58 AM / 26th June 2020

26th June 2020 BankniftyFuture Intraday Levels

BankniftyFuture June last close: 21503.20

July last close: 21439.55

What a June expiry day…….. Very tough fight was seen for bears and bulls

BNF was opened at 21175 and made a low of 20906 then went up to 21595 again crashed up to 21000.

Finally in last 1 hour took U turn and went up to 21717. Almost 2000 points swing.

July series ended with a discount of 66 points

Today onwards BNF lot size is changed to 25.

Better to wait first 1 hour and once if settled then can decide to go long or short.

Today BankniftyFuture is facing a intraday resistance at 21580 and 21720

If crossover and holds above 21720……. Bulls action will be expected up to 21880-22060

Today BNF considering a supports 21440, 21330 and 21170

Don’t short at very lower levels!!

More live market update will send to my clients only

Updated : 08.39 AM / 26th June 2020

26th June 2020 Hot Stocks & Stocks To Watch

Last close: 202.10 (+5.3%)

ITC will be declaring results today and stock has surged above 5% on yesterday

Stock facing a strong resistance at 204-206

If all is well and stock stays above the resistance zone…….. We see further rally

Closely watch above resistance zone.

Last close: 935.25

LUPIN trading range between 900-950 in last 13 days

Now stock came near by range top. Suppose once if breaks and holds above the level

Will try to move 965+

Last close: 413.70

SUNTV will be declaring earnings report today and stock gained 4.2% on yesterday’s trade

Stock now near by breakout level

Once if breaks and manages above the level

Bulls will be dominating another 3-6%…….. Which level will break ?

Clients special………!!

Updated : 08.22 AM / 26th June 2020