NiftyFuture last close: 11170.55 (+1.5%)
NiftyFuture has shown strong rally and power on yesterday’s trade
NF made a low was 11097.10 and went up to 11184.90. Finally closed at 11170.55
Yesterday I did mention in my pre-market report “NiftyFuture resistance at 11180”
I recommended buying alert NF at 11110 and Booked Profit at 11180. Booked 70 points profit
Reliance, Icicibank and Axisbank helped to lift index
Hdfcbank and IT stocks did not well on yesterday’s trade
Some front line stocks only managing to index
Today focus on Axisbank and Hindunilvr
US markets was mixed on Tuesday Dow Jones gained 160 points or 0.6% and Nasdaq fell 87 points or 0.8%
US market awaits Microsoft and Tesla earnings report
Gold glitters at 9 year high and Silver touched 6 year high
Crude climbs to highest level since March month. Prices up on virus vaccine hopes and EU stimulus deal. Brent crude settled at $44.32 per barrel
Asian market were set to open mixed on Wednesday. Japan’s Nikkei down 55 points or 0.25% and HangSeng index gained 115 points or 0.45%
FIIs bought 2265 crore worth of stocks in cash segment whereas DIIs sold 727 crore
L&T, Bajajauto, and JSPL will declaring earning report on Today
SGXNifty indicate a positive opening for the index in Indian market and likely to witness volatility will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11195 and 11220
Once if breaks and holds above 11220, Finding a next resistance around 11260
Today NF can be considered as supports as 11160, 11145 and 11120
If breaks and holds below 11120…….. Will try to check 11075 thereafter ??
More update will send to my clients only
Updated: 08.39 am / 22nd July 2020
