20th Nov 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 12793.50 (-1.3%)

After the long period bears took control of Dalal Street on 19th November

NiftyFuture was opened at 12857 then went up to 12976 and second half bears came with full strength index declined from 12976 to 12753. That is bear’s power

NF movement was almost 300 to 350 points on yesterday

I have recommended at 1.23 pm long straddle Nifty 12950 CE and PE both at 44

After my alert index cracked and 12950PE went to 200. (But earlier I sent profit message @ 90)

Sensex ended lower by nearly 600 points

Sector wise selling pressure visible in banks, metals, realty, telecom and finance

While action was seen FMCG, Power and Consumer durables

US markets closed at higher levels

Dow Jones rose 45 points, S&P500 gained 15 points and Nasdaq rallied 103 points

Asian markets came under pressure on Friday after US Treasury Secretary called for an end to pandemic relief for struggling business

FIIs net bought 1180 crore while DIIs sold 2854 crore

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

Today NiftyFuture is facing a intraday resistance at 12830 and 12860

If stays above 12860……….. Then will move up to 12900-12930

NF considering a supports 12760 and 12730

Below 12730…………….. Next support around 12675

Don’t shot at very lower levels!!

More live market update will be sent to my clients only

Updated: 09.00 am / 20th Nov 2020