NiftyFuture last close: 11217.35 (+1%)
Niftyfuture was seen another strong day
Nifty closed above 11200 for the first time since March 5th 2020
NF was opened at 11120 and gradually went up to 11228. Finally closed at 11217
Banking stocks and Reliance was helped to lift index
In last 30 minutes Reliance stock gained almost 30 points ahead of Amazon will take RIL retail stake
India VIX fell by 1% at 24.65 levels which means lower volatility
US markets snap 4 day winning streak and Dow cracks 350 points or 1.3%, S&P500 slipped 1.2% and Nasdaq fell 2.2% to 10461 IT stocks fell despite of strong earnings report
Microsoft slipped 4.4% despite reporting better than expected earning report
EU-US-China tensions global markets are melting
US-China rising trade deal tensions, Disappointing US unemployment data
Oil prices fell 2% on Thursday on a surging of Covid-19 cases
Gold nearing $1900 per ounce. Prices jumped more than 1% on yesterday
Asian markets are set to open lower of Friday
Today some major companies will be declaring results like ITC, Asianpaint, and Jswsteel
FIIs bought 1740 crore worth of stocks in cash segment whereas DIIs sold 931 crore
F&O ban stocks Adani, Bhel, Glenmark, Gmrinfra, Idea, Jspl, L&TFin, M&MFin, Nationaluminum , Sail, and Suntv
SGXNifty indicate a negative opening and likely to witness volatile trade will be expected during the day
Today NiftyFuture can be considered as supports as 11180 and 11140
Once if breaks and holds below 11140, Finding a next support around 11075-11090
Suppose, Again NF will consolidate below 11075……………… Bears will be dominating
Today NF is facing a intraday resistance 11205 and 11230
Thereafter will be checked 11260-11285
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Updated: 08.42 am / 24th July 2020
