NiftyFuture Last Close: 11008.60 (0.9%)
NiftyFuture has ended above magical figure 11000 mark and seen huge volatility
NF at noon session fell 10985 to 10925 within 2 minutes, Then climbed 10940 to 11025 within 3 minutes. Oops!!
It’s time for bulls………… Bears better to take rest or watch
Do you know? On March 24th Nifty was at 7500, now less than 4 months Nifty reclaim 11000 mark. Almost 50% bounced
SEBI released framework to enable verification of upfront collection of margins from clients in cash and derivatives segments effect from Dec 1, 2020. Very bad news for brokers likes IIFL, Geojit, Icicidirect, and Motilal
US market gained on Monday’s trade and Nasdaq to a record closing high
Dow Jones closed almost flat at 10 points, Nasdaq surged 263 points and S&P 500 added 27 points
Followed by Asian markets are higher. Japan’s Nikkei gain 140 points, Hong Kong’s HangSeng index climbing 400 points
Today HUL, Axisbank, Bajfinance, Bajajfinsv, Hdfclife, Icicipruli and SBIlife will be declaring earnings report
FIIs bought 1709 crore worth of stocks in cash segment whereas DIIs sold 1521 crore
SGXNifty Indicate a gap up opening for the Indian index
Today NiftyFuture is facing a intraday resistance at 11060, 11090 and 11130
Once if breaks and holds above 11130…….. rally will be expected up to 11180
(What I did mention in my blog about NiftyFuture week ahead click here)
Today NF can be considered as supports as 10980, 10960 and 10925
Buy on every dip……… Don’t short at lower levels!!
More live market update will be sent to my clients only
Updated: 08.39 am / 21st July 2020
