26th June 2020 #NiftyFuture Intraday Levels

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!!

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Updated : 08.58 AM / 26th June 2020