NiftyFuture last close: 14570 (+2%)
Bulls managed to reclaim control on Dalal Street and pushed Nifty above 14550
NF was opened 14380 and made a low of 14364 then went up to 14586.30
What a day on 18th Jan totally V shape
NF was came nearby Friday’s close and erased past two days loss
The Sensex rallied by more than 800 points while Nifty50 rose more than 230 points in a single session
Sector wise Power, Metal, Capital goods, Banks and Finance stocks was seen action
Reliance did well ahead of result on Friday
Bajaj twins rallied more than 5% and both company will declare earnings report on today
Kotakbank, Icicibank, Hdfcbank and Axisbank did very well to lift bank index
VIX cooled off more than 5%. Good for option sellers
Both index option premium was eroding on yesterday
Dow Jones rose 116 points, S&P500 gained 30 points and Nasdaq add 200 points
Asian markets were set to higher on Wednesday
Oil gains on stimulus optimism ahead of Biden inauguration
Today focus on Bajaj twins, Hdfcamc, Havells, Fedbank, and Ltts
FIIS net bought 257 crore worth of stocks in cash segment while DIIs sold 199 crore
SGXNifty indicate a negative opening for the index and likely to witness volatile trade on today
NiftyFuture has formed complete reversal formation by closed above the highest of the previous day which was placed 14458 and 14586 on yesterday
Now, NiftyFuture is facing a intraday resistance at 14590 and 14625
If crossover 14625 then will try to move major crucial resistance 14660
Today NF considering a supports 14545 and 14505
Below 14505 and manages below the level……….. Will try to check 14450
More live market update will be sent to my clients only
Updated: 08.43 am / 20th Jan 2021
