NiftyFuture last close: 15853.10 (+0.2%)
On Friday, NiftyFuture was opened 15850 and made a low of 15763 then bounced back to opening level
NF was climbed almost 300 points from week low (Tuesday’s low) to Friday closing
NF was range between 15500 to 15950 in last more than one month
Street wait for break this range
Volatility index settled around 11
Today many companies going to declare earnings report. Axisbank, Kotakbank, Lt, Tatamotors, Tatamotordvr, Sbilife, Dlf, Vedl, M&MFin, Glaxo, and Navin Flurorine
FIIs net sold 163 crore while DIIs net bought 2187 in cash segment on July 23
Five stocks under F&O ban Cadilahc, Canbank, Idea, Nalco and Suntv
On Friday, US markets rallied to records
Asian markets struggled on Monday opening trade
HangSeng drops more than 2% China tech shares plunge as regulatory pressure lingers
Bitcoin gains more than 15% to around $40,000 strongest level since mid-June
SGXNifty indicate a gap down opening for the index and likely to witness volatile trade will be expected during the day
As per open interest, Highest oi was seen 16000CE. So very strong week resistance at 16k
NiftyFuture trend decider for this week 15970 and 15600
NF is facing a intraday resistance 15850, 15875 and 15900
Stay caution at higher levels!!
NF can be considered as supports as 15800, 15760 and 15720
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Updated: 08.49 am / 26th July 2021
