NiftyFuture last close: 9027.80
NiftyFuture saw a volatile session on Friday with a surprise unannounced rate cut by RBI
Banks, NBFC seen huge selling pressure . IT and Auto stocks managed gain for index
RBI announced the extension of loan moratorium by three more months
RBI’s decision to extend till 31st Aug could turn out to be a major negative news for NBFC
Bhartiartl focus list, Promoter selling US$1 billion shares
On OI side, 9500CE OI was 25 lakh, 9300CE was 19.40 lakh and 9000CE was 16.65 lakh
On PE side, 9000PE OI was 32.75 lakh that one is crucial support and 8800PE which was 21.65 lakh
Yesterday USA market was shut and Today Dow fut trading +200 and Asian markets are trading at green zone.
FIIs sold 1354 cr worth of shares in cash segment whereas DIIs sold 344 Cr of shares
While updating SGXNifty were trading at 9150 gain 100 points
So followed by Indian market also will open positive note and expecting volatility of expiry week
Today NiftyFuture is facing a intraday resistance at 9085, 9125 and 9180
Above three levels are crucial for today’s trade…… If crossover and manages above 9180
Expecting more short covering up to ??
Today NF can be considered as supports as 9045, 9010 and 8975
Below 8975………. Expecting long unwinding up to 8920
More live market update will be send to my clients only
Updated : 08.44 AM / 26th May 2020
