NiftyFuture last close: 11889.40
NiftyFuture was opened gap up at 11850 and seen range between 11850-11890. Finally index closed near by day’s high
Banknifty index was climbed 3.5% despite of NF climbed 1.1%
Reliance was seen huge volatile but unable to sustain at higher levels
Reliance fell almost 60 points from day’s high
IT stocks was seen profit booking likes TCS, Mindtree, Infy and Hcltech
HDFC doing very well in Oct series. Stock was climbed 1650 to 2040
FMCG stocks ITC, HUL and Nestle seen top gainers
US markets ended lower on Monday trade. Today is a deadline for relief package
Dow Jones fell 410 points or 1.44% and Nasdaq dropped 193 points
Asian markets visible selling pressure and trading at lower points
Today’s result stock Hindunilvr…. So focus on FMCG stocks
FIIs net bought 1656 crore worth of stocks in cash segment whereas DIIs sold 1621 cr
SGXNifty indicate a negative opening for the index and likely to witness volatile trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11900, 11920 and 11940
If crossover 11940 with volumes then will move up to 11975.
Take care at higher levels, because last four times index was hammered around 11975-12030
Today NF considering a supports 11860 and 11840
If breaks and holds below 11840………. Finding a next support around 11800
More live market update will be sent to my clients only
Updated :08.42 am / 20th Oct 2020
