Nifty Future Last Close : 11295.50
Indian market witnessed the biggest rally on a single day in 10 years as FM cut corporate tax rates.
Overall last week Nifty was surged 1.8% during the week.
NiftyFuture was recovered from an week low of 10678.60 to moved up to 11405.90.
FM announced cut in corporate tax rate will be lowered to 25.17% from 30%.
The govt scrapped the minimum alternative tax for domestic companies.
On Friday, FM has announced the news, Market surged from 10705 to 11405.90
FIIs bought just 35 crore worth of stocks in cash segment & DIIs bought 3001 cr of stocks
FIIs bought 5079 cr of index future and bought 161 cr of index options
This Week NiftyFuture Trend Decider 11410 & 11000
Today NiftyFuture is expected to open at gap up
Likely to witness up trend will be expected during the day
Nifty Trend has been changed to Bullish from Negative on Friday. index has closes above 200 DMA.
Today NiftyFuture is facing a intraday resistance at 11425 and 11485
Once if breaks and holds above 11485………. Will try to move 11550-11600
Today NF can be considered as supports as 11300 and 11220
Every decline can buy………..Nothing else!!
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Updated : 08.59 AM / 23rd Sept 2019
