NiftyFuture last close: 11256.10 (-2.3%)
Yesterday NiftyFuture was witnessed sharp selling pressure in the afternoon session
Worried about fresh lock-downs in many countries including Europe
NF opened at 11500 and made a high of 11535.25 then seen vertically fall up to 11218.50. Finally closed at 11256
Sensex fell 811 points while Nifty plunged 255 points
All front line stocks was seen 2-5% fall
When our market closed US future were traded more then 700 points fall
US markets tumbled on Monday
Dow fell 2%, S&P500 down 1.25% and Nasdaq dropped 0.22%
Asian markets were set to mixed trend and US future trading at flat
Oil falls 5% ahead of rising virus cases
FIIs sold 540 crore worth of stocks in cash segment whereas DIIs also sold 517 crore
But, FIIs net bought in F&O segment
SGXNifty indicate a positive opening for the index and likely to witness volatility will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11280, 11310 and 11350
If breaks and manages above 11350………. Will try to check 11410
But, Stay caution at higher levels!!
Today NF considering a supports 11230, 11190 and 11165
Below 11165 and manages the level………. Expecting further weakness up to 11100
(Note: Nifty spot considering a very very strong support at 11185. If breaks and closes below the level………….. Trend will be changed to bearish)
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Updated: 08.46 am / 22nd Sept 2020