Last close: 11471.65
On yesterday NiftyFuture was seen huge volatile
NF was opened at 11514 and dropped up to 11416.55 again went up to 11480
BankniftyFuture was outperformed in last 3-4 days and index climbed almost 1400 points
Icicibank, Hdfcbank, Axisbank and Indusindbank helped to lift bank index
Reliance did not well in entire August month
IT stocks seems selling pressure
Today’s talk of the town…… GST rates will be relaxed in two wheeler on tomorrow’s GST council
Watch two wheeler stocks (Heromoto, Bajajauto and Tvsmotor)
Oil hits 5 month high. Brent rose 1.6% at $45.86 a barrel
India monsoon 24% above average in August. Positive news for tractor company
US markets was mixed on Tuesday. Dow fell 59 points, Nasdaq add 87%
Asian markets were set for a choppy session on Wednesday and all mixed
FII bought 1481 crore worth of stocks in cash segment and DIIs sold 173 crore
SGXNifty indicate a flattish open for the index and likely to witness choppy trade will be expected during the day
Today NF is facing a intraday resistance at 11510 and 11535
If crossover 11535 and holds above the level……. Expecting some short covering up to 11585+
Today NF considering a supports 11465, 11440 and 11410
Below 11410…… expecting some pain……. Otherwise no problem!!
More live market update will be sent to my clients only
Updated: 08.45 am / 26th Aug 2020
