Niftyfuture last close: 10235.55 (+1.6%)
What a terrible week….. Finally NiftyFuture was closed above 100 DMA and managed above 10200
Nifty was climbed 2.7% while Sensex rallied 2.8% for the week ended June 19th
FIIs long 56% in Index Future they reduced shorts compared in previous days
US markets ended lower on Friday. Dow Jones fell 208 points, Nasdaq closed at flat
Asian markets are dropped from days’ high and now trading almost flat
Japan’s Nikkei up 20 points and Hangseng down 70 points
SGXNifty trading lower around 30-50 points down
FIIs bought 1237 Cr worth of stocks in cash segment whereas DIIs sold 880 Cr
NiftyFuture weekly trend decider 9810 and 10320
SGXNifty indicate a negative opening for the NiftyFuture and expecting volatility trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 10240, 10275 and 10320
Technical chart indicates a trend line resistance at 10320.
Once if breaks and manages above the level, Expecting more and more short covering!!
Today NF can be considered as supports as 10195 and 10170
Below 10170, Finding a next support around 10125………. Thereafter ??
Will send alert o my clients during market hours.
Updated : 08.43 AM / 22nd June 2020
