NiftyFuture March last close : 8630.30
April last close : 8677.25
Yesterday NF saw short covering in the last 1 hour and seen wild swings!!
Nifty witnessed its biggest fall in the March series, Fell 26% and underperform Banknifty 36%.
Crazy markets…… NiftyFuture April series closed with a premium of 36 points
Banknifty April series closed with a discount of 275 points!!
Nifty were roll-over was very lowest in the last three month average
Clearly shown the OI of April series was negative momentum and long unwinding
Highest OI of Nifty 9000CE at 1.24 mn shares and 8000PE was 1.68 mn shares
On global side, US cases surpass China and global death at 24k
In India cases surged 718, Death 16, and recovered 50
After long time, FII sold below 500 Cr worth of shares and DII also sold 770 Cr
NiftyFuture is likely to witnessed open at positive note and expecting volatile day
Today NiftyFuture is facing a intraday resistance at 8770 and 8900
Strong hurdle and crucial resistance at 8900…….. Watch it!!
Once if breaks and holds above 8900, Rally will be expected up to 9040 and 9140
Today NF considering supports at 8700 and 8620
Below 8620, expecting some weakness up to 8500-8420
More live market update will be sent to our clients only
Updated : 08.50 AM / 27th March 2020
