NiftyFuture last close: 11895.90
NiftyFuture was consolidated around 11880-11930 on yesterday
Index opened at 11855 and made a low of 11831 then shot up to 11945. Finally closed at 11895
Reliance did not well on yesterday and HDFCBANK did very well
IT stocks bounce back on yesterday especially Hcltech, Mindtree and Techm
Reliance and Qualcomm join hands to 5G technology. So focus on Reliance
India VIX higher on yesterday due to PM speech
US markets ended with higher on Tuesday’s trade
Dow Jones climbed 113 points and Nasdaq higher on 38 points
Asian markets were set for modest gains on Wednesday
Today Bajaj twins and Ultracemco were set to declare results
FIIS bought 1585 crore worth of stocks in cash segment whereas DII sold 1633 crore
SGXNifty indicate a positive opening for the index and likely to witness volatile trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11925 and 11960
Once if breaks and holds above 11960………. Finding a next resistance around 12000-12030
Closely watch around 12000……….. Because index was attempted 4 times 12k but unable to close above the level
Today NF can be considered as supports as 11875, 11860 and 11830
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.47 am / 21st Oct 2020
