31st July 2020 #NiftyFuture Intraday Levels

NiftyFuture July last close: 11108

August last close: 11093.40

As expected NiftyFuture was seen sharp profit booing on the July series expiry day

NF was opened at 11253 and went up to 11290.95 then sustained around 11260 almost 2 hours

After 12 pm, Bears have dominated and Nifty dropped vertically up to 11078.20.

I did mention in pre-market report on my blog. “NF if breaks 11170 expecting long unwinding up to 11090”

What happened on yesterday?? NF followed what I did mention

 In July month NF low was 10156 on 29th June and went up to 11343.40 on 29th July. The rally of almost 9% almost a month.

The Nifty July expiry rollover is at 77.59% on Thursday compared to 78.93% on same day of previous expiry

The Market wide July expiry rollover is at 88.13% on Thursday as compared to 89.97% on same day of previous expiry

Yesterday Pharma stocks was seen good rally like Divislab, Sunpharma, Lupin and Aurophrma

While the profit booking was visible in the Oil, Telecom, and banking stocks

Reliance Jio reported a net profit of Rs 2520 crore for the June 2020 Vs 891 crore in same quarter

Reliance profits beats estimates and Profit rose 31% YoY

US economy shrinks at record 32.9% its sharpest downturn since at least the 1940s

Trump says ” Possibility of delaying the U.S presidential election

Dow Jones fell 225 points , S&P500 lost 13 points and Nasdaq added 45 points

Asian markets were set to rise on Friday’s trade Nikkei added 0.35% and Hangseng gain 0.3%

Today’s result stocks are, SBIN, Tatamotors, Sunpharma, IOC, UPL

FIIs bought 207 crore worth of stocks in cash segment whereas DIIs sold 387 crore

Today NiftyFuture is facing a intraday resistance at 11120, 11145 and 11180

Once if breaks and manages above 11180 will try to move 11240

In last 8 sessions NF was struggled around 11050 to 11300. Hence stay caution at higher levels!!

Today NF can be considered as supports as 11085 and 11050

Once if breaks and holds below 11050……. Finding a next support around 11000 and 10960………… Thereafter………..??

More live market update will send to my clients only

Updated: 08.48 am / 31st July 2020

31st July 2020 #BankniftyFuture Intraday Levels

BankniftyFuture July last close: 21654.80

August last close: 21631.40

What a terrible day!! Bankniftyfuture was seen huge selling pressure on whole day!!

Yes, Bears have an upper hand and index fell 2.3%

BNF was opened at 22090 and went up to 22259.80 then dropped 21562

I have recommended selling alert BNF at 22200 and booked profit 300 points!!

All front line bank stocks fell heavily. Axisbank, Indusindbank, and SBIN fell 3-5%

Hdfcbank, Icicibank and Kotakbank fell 0.5% to 2%

BankniftyFuture likely to open at negative note and expecting volatility trade during the day

Today BNF is facing a intraday resistance at 21770, 21900 and 22100

Above three levels are crucial for today’s trade!!…….. Sell on rise!!

Today BNF can be considering a support at 21560, 21440 and 21300

Once if breaks and manages below 21300……. Finding a next support around 21050

More live market update will be sent to my clients only

Updated: 08.35 am / 31st July 2020

31st July 2020 Hot Stocks and Stocks To Watch

Last close: 509.95

Sunpharma spiked from 490 to 513 and stock gained 3.4% on yesterday

Many pharma stocks rose 3% to 7% likes Drreddy, Divislab, Auropharma and Lupin

Today Sunpharma declaring earnings report. Close watch stock finding a resistance at 513

Once if breaks and sustains above the level, Expecting bulls action up to 520 and 527+

Last close: 2108.85

Reliance declared result on after market hrs and Profit beats estimates up 31% YoY

Ril reported consolidated profit Rs 13248 crore for the first quarter

Jio’s ARPU growth of 7.4% QoQ. Beating street expectations

Let’s see……… Stock already from 1800 to 2200 in last 10 days

Now stock facing a intraday resistance 2140, 2158 and 2200

Expecting profit booking from resistance levels until 2200

Suppose……. Above 2200………. Bulls action will be continued!!

Supports 2090, 2070 and 2055……. Thereafter expecting more pain!!

Updated: 08.25 am / 31st July 2020

That is my Power Of Chart. Nothing else!! See What I did mention in pre-market report.

30th July 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 11222.45

The bears came back to market. Bears took control on entire day

As expected NiftyFuture was seen huge volatility on yesterday ahead of one day before July expiry

The Sensex fell 420 points while Nifty50 dropped almost 100 points

Seen profit booking in all sectors on yesterday’s trade after the recent rally except Pharma stocks

Reliance and Hdfcbank was the most contributor to fall index

Today Reliance will be declaring earning report and stock will react tomorrow only

This July month series low was 10156 on 26th June and high of 11343 on yesterday

I think morning session will be consolidate and noon session expecting some volatility

US markets closed higher on Wednesday. Dow rose 160 points and Nasdaq added 140 pts

Asian markets were set to higher levels

Federal Reserve keeps rate unchanged

Today’s results stocks are Reliance, Hdfc, Dabur, Srf

FIIs sold 352 crore worth of stocks in cash segment whereas DIIs sold 505 crore

SGXNifty indicate a positive opening for the index and likely to witness volatile trade will be expected during the day

Today Niftyfuture is facing a intraday resistance at 11240 and 11275

Once if breaks and holds above 11275……… Finding a next resistance around 11310-11340………. Thereafter expecting huge short covering!!

NF considering a support 11190 and yesterday’s low 11170

Below 11170 and manages below the level…………. Long unwinding will be expected up to 11125 and 11090

Lower level very strong support around 11050-11070

More live market update will be sent to my clients only

Updated: 08.55 am / 30th July 2020