NiftyFuture last close: 12859.15 (-1.16%)
Bears returned with high power
NiftyFuture was seen strong selling pressure after Oct 15
Index was opened at 13130 and hitting a record high 13137.75 then seen sharp selling pressure up to 12844
Sensex also reversed gained after hitting a high of 44825. Index ended 695 points lower
Market capitalization lost 2.2 lakh crore in a single day
All are expecting profit booking (me too)…… But not expect before one day Nov expiry
FIIs stopped to buying in cash segment and index fell almost 200 points
DIIs as usual they sold almost 1840 crore
Selling pressure was seen in Banks, Pharma, Auto, Consumer and Telecom
India volatility index (VIX) gained 10%…….. and Option premium was seen higher
Today US market closed due to Thanks giving and tomorrow will work half day only
Monday Indian market will close due to Gurunank Jayanti
US market closed lower on Wednesday & US weekly jobless claims increase
Dow Jones fell 173 points, S&P500 lost 6 points and Nasdaq dropped 57 points
Asian markets dipped slightly on Thursday
SEBI withdraws proposal to increase margin requirement for non-f&o stocks in cash segment
Under 5 stocks F&O ban in NSE Canbank, Ibullhsgfin, Nalco, Sail and Tatamotors
SGXNifty indicate a positive opening for the index and likely to witness high volatile will be expected during the day ahead of Nov series expiry
NiftyFuture formed a big bearish candle on a daily chart and lost its entire gains of last two days ahead of Nov series expiry
Same bearish candle was formed on Oct 15 then took 15 days to break that day high.
Now……….. NF is facing a intraday resistance at 12920 and 12945
If crossover 12945………… Then will move 12980-13020
NF considering a supports 12870 and 12840………. Thereafter expecting further fall up to 12790
More live market update will be sent to my clients only
Updated: 08.43 am / 26th Nov 2020