NiftyFuture last close: 11170
On Friday NiftyFuture has bounced from intraday’s low 11062 to 11198
NF finally ended at 11170 slipped 27 points but Reliance was contributed +65 points to index
On last week NiftyFuture was gained 265 points and Reliance only one stock was contributed 233 points to lift Nifty for up side
On Friday US markets fell 0.5% to 1%. Dow fell 182 points or 0.67% and Nasdaq slipped 98 points or 0.95%
Asian market were set to mixed trend. Hangseng gained 100 points and Japan’s Nikkei fell 125 points after reopen on long weekend
Oil slips as rising Covid-19 cased. Brent crude dipped 0.2% to $43.24 a barrel
RBI says ” Bank’s gross NPA ratio may rise to 12.5% by March 2021
FIIs continue to buying mode they bought 409 crore worth of stocks in cash segment whereas DIIs sold 1002 crore
FII net purchased 3801 crore in July month so far whereas DII net sold 7562 crore
NiftyFuture this week trend decider 11060 and 11230
Today NiftyFuture is facing a intraday resistance at 11200-11230
Once if breaks and holds above 11230……. Next resistance 11260 and 11310
Today NF can be considered as supports as 11160, 11130 and 11100
Buy on declines and keep a stop of supports until 11060
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Updated: 08.52 AM / 27th July 2020
