NiftyFuture last close: 11934.35
NiftyFuture was consolidated around 11920 to 11950 on Friday
Index gained 34 points while the Sensex climbed 127 points on Friday
We are in Oct month expiry week, So highly volatile will be expected
In Oct series index was made a low of 10857 on very first day of Oct series
But in last 10 days index was attempted five times at 12000 but did not sustain then seen selling pressure
However, Short sellers put the stop of 12030-12050……… Maybe will it break
On Friday Dow Jones closed 28 points lower and Nasdaq added 42 points higher
Covid-19 second wave starts on US. On Friday infections was peaked
Asian markets are at cautions and trading mixed trend
In India Covid-19 has been declining week-after-week which is strong support to the market
The active cases fell below 7 lakh for the first time in nearly two months
The recovery rate was stood around 90% on Friday against 88% on last week
FIIs net bought 13564 crore worth of stocks in cash segment in October month so far whereas DIIs net sold 15147 crore
SGXNifty indicate a flattish opening for the index and likely to witness volatile trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11955, 11980 and 12015
Stay caution at higher levels……….. Suppose once if breaks 12015 and manages above the level
Expecting short covering…………..!!
Today NF can be considered as supports as 11915, 11890 and 11850
More live market update will be sent to my clients only
Updated: 08.37 am / 26th Oct 2020
