NiftyFuture last close: 12871.30
On Friday NiftyFuture climbed 80 points while Sensex rose 282 points
NF was opened at 12795 and made a low of 12744.50 then shot up to 12909
In last 5 sessions index was consolidated around 12750 to 12970
In last week bulls strength reduced compared to the previous two week
Action was seen Banking, Financials, Metals, Realty, and Intra stocks
Selling pressure was seen in last week Telecom and Pharma stocks
Especially Reliance did not support to index and seen strong selling pressure
FIIs net bought 46250 crore in Nov month so far this is the highest monthly inflow in last two decades
On other hand DIIs took advantage of recent big rally and they continued with their profit booking. They sold Rs 32643 crore in Nov month so far
US market closed lower on Friday
Dow Jones fell 220 points, S&P500 lost 25 points and Nasdaq dropped 50 points
Asian markets were set to edged up to record high on Monday morning
SGXNifty indicate a positive opening for the index and likely to witness volatile will be not ruled out
NiftyFuture weekly trend decider 12740 and 12975
Today NF is facing a intraday resistance at 12920, 12950 and 12980
Above 12980……… Will try to check 13035+
Today NF considering a supports as 12840, 12815 and 12780
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.51 am / 23rd Nov 2020
