NiftyFuture June last close: 20296.50
July last close: 10245.65
What a terrible day. NiftyFuture remained volatile on yesterday’s trade
NF was opened at deep red around 10195 and made a low of 10181 then went up to 10348.
Noon session NF slipped from 10348 to 10220 and last one hour NF skyrocketed up to 10362. Again slipped up to 10290.
Do you know ? Yesterday NF movement was 375-425 points.
US markets closed higher in choppy trading on Thursday
Dow Jones gained 299 points, S&P 500 added 33 points and Nasdaq spiked 108 points
Asian stocks were set to gain on Friday. Nikkei gaining 0.20% and HongKong index lost 1%
The Nifty June expiry rollover is at 78.93% on Thursday compared to 75.67% on same day of previous expiry
The Market wide June expiry rollover is at 91.67% on Thursday as compared to 90.71% on same day of previous expiry
Today some companies will be declaring results ITC, Coalindia, Glenmark and Suntv
FIIs sold 1050 cr worth of stocks in cash segment whereas DIIs sold 255 cr
FIIs 58% short & DIIs 54% short in Index Future
SGXNifty indicate a positive opening for the Index like 40-70 points gap up
Expecting trading range in July series 9600-10800
Today NiftyFuture is facing a intraday resistance at 10275, 10320 and 10360
Above last two resistance are strong for today’s trade. Suppose if breaks and holds above 10360……. Bulls will be dominating up to 10440
Today NF can be considered as supports as 10240, 10175 and 10130
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated : 08.58 AM / 26th June 2020