26th Nov 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 12859.15 (-1.16%)

Bears returned with high power

NiftyFuture was seen strong selling pressure after Oct 15

Index was opened at 13130 and hitting a record high 13137.75 then seen sharp selling pressure up to 12844

Sensex also reversed gained after hitting a high of 44825. Index ended 695 points lower

Market capitalization lost 2.2 lakh crore in a single day

All are expecting profit booking (me too)…… But not expect before one day Nov expiry

FIIs stopped to buying in cash segment and index fell almost 200 points

DIIs as usual they sold almost 1840 crore

Selling pressure was seen in Banks, Pharma, Auto, Consumer and Telecom

India volatility index (VIX) gained 10%…….. and Option premium was seen higher

Today US market closed due to Thanks giving and tomorrow will work half day only

Monday Indian market will close due to Gurunank Jayanti

US market closed lower on Wednesday & US weekly jobless claims increase

Dow Jones fell 173 points, S&P500 lost 6 points and Nasdaq dropped 57 points

Asian markets dipped slightly on Thursday

SEBI withdraws proposal to increase margin requirement for non-f&o stocks in cash segment

Under 5 stocks F&O ban in NSE Canbank, Ibullhsgfin, Nalco, Sail and Tatamotors

SGXNifty indicate a positive opening for the index and likely to witness high volatile will be expected during the day ahead of Nov series expiry

NiftyFuture formed a big bearish candle on a daily chart and lost its entire gains of last two days ahead of Nov series expiry

Same bearish candle was formed on Oct 15 then took 15 days to break that day high.

Now……….. NF is facing a intraday resistance at 12920 and 12945

If crossover 12945………… Then will move 12980-13020

NF considering a supports 12870 and 12840………. Thereafter expecting further fall up to 12790

More live market update will be sent to my clients only

Updated: 08.43 am / 26th Nov 2020

26th Nov 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 29208.70 (-1.8%)

 What a volatility on yesterday’s trade

Index was opened at 29953 and went up to 30190 then took U turn and bears dominate on entire day……….index slipped up 29150

Almost 1000 points dropped from intraday high

All leading banks stock fell 2% to 4%……. Like hdfcbank, Axisbank, Kotakbank, and Icicibank

Today expecting another volatile day ahead of November series expiry

BankniftyFuture was broken 30000 scale but did not sustained and fell more than 1000 points from intraday high 30190 to 29148 on yesterday

Index was formed a strong bearish candle after the rallied from 23500 to 30200

Now, Yesterday’s high is the strong resistance zone for coming days

Let’s see today BNF is facing a intraday resistance 29400, 29525 and 29800

Above 2nd and 3rd resistance is the crucial for intraday……… Stay caution!!

 Today BNF considering a supports 29150, 29000 and 28800

Strong support zone around 28500……….

More live market update will be sent to my clients only

Updated: 08.28 am / 26th Nov 2020

#BankniftyFuture noon update

While updating Bankniftyfuture were trading at 29550

BNF opened at 29953 and went up to 30190 then cooled off 29495

VIX index climbing 9% at 23, seems huge volatility due to Nov expiry on tomorrow

In Nov series Banknifty was rallied from 23600 to 30190…….Gained almost 6600 points, Hence expecting huge volatility on today and tomorrow

Now, BankniftyFuture considering a support around 29400-29330

If breaks and sustains below 29330……. Then we see further sell-off up to 29000

Index facing a resistance 29775 (Two hrs resistance) and 30000 (two and half resistance)

Trade low qty!! OR Stay away

Updated: 12.31 pm / 25th Nov 2020

25th Nov 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 13062.45 (+1%)

 Nifty has broken 13000 scale on Nov 24 as investor sentiment got a boost due to positive reports Covid-19 vaccine

NiftyFuture was opened at 12977 and gradually went up to 13081

I have sent buying alert NF at 13000 and booked intraday profit at 13060

Do you know ? Nifty gained more than 74% in the last eight months

In the last two weeks three company have shown a lot of promise in the vaccine

Pfizer, Moderna and AstraZeneca assured more than 90% positive effect

Action was seen banks, healthcare and financial stocks

Sputnik’s efficacy at 95% to be cheaper than US vaccines….. Focus on Drreddy

Reliance and Hdfcbank did well on yesterday

US markets closed at higher level on Tuesday

Dow Jones rose 455 points and Nasdaq gained 156 points

Asian markets were set to higher levels on Wednesday morning

FIIs pumped another 4563 crore in cash segment while DIIs sold 2522 crore as usual

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

Everyday FIIs pumping the money in Indian market…….. Once they will turn to selling that time we will see sharp correction…….. But not now……. Maybe on 1st week of Dec

Let’s see today’s levels

Today NiftyFuture is facing a intraday resistance 13095 and 13130

If breaks and holds above the level…………. expecting short covering up to 13185 and 13220

NF will act supports as 13050, 13025 and 12980

More live market update will be sent to my clients only

Updated: 08.52 am / 25th Nov 2020