NiftyFuture last close: 9034
NiftyFuture saw a selling pressure and wiped out morning gains and closed in the red
BankniftyFuture was seen outperformed despite of Nifty fell
Midcap index was up 1.3% while smallcap index closed with gain of 0.70%
The Nifty May expiry rollover is at 42.01% on Tuesday compared to 45.09% on same day of previous expiry
Banknifty May expiry rollover is at 22.55% on Tuesday compared to 40.32% on same day of previous expiry
Global market performed very well but Indian market seen huge selling pressure
Yesterday I tweet India will face another problem Locusts attack, Yes Locusts came from Somalia, Pakistan and now attacked Rajasthan. Another very bad news
Crisil says ” India staring at worst recession since Independence
US markets gained on Tuesday, Dow rose 530 points, Nasdaq gained 16 points
Asian markets are mixed now
FIIs bought 4716 Cr worth of stocks in cash segment wheres DIIs too bought 2841 Cr ( Bhartiartl impact)
SGXNifty is trading at 30-40 points higher level around 9070
Tomorrow May month series expiry day, Hence the impact can be feel today
In entire May month series NiftyFuture was seen hammered pattern like Yesterday too
Huge OI seen in 9100CE and 8900PE……..So can be trading range between that level.
Today NF is facing a intraday resistance 9070, 9090, 9135 and 9175
Above four levels are hurdle for Today’s (Tomorrow also) levels!!
Suppose NF if breaks 9175 and holds above the level……… Bulls will dominate
Today NF considering supports 9015, 9000, and 8975
Below 8975………. Finding a next support around 8920
More live market update will be send to my clients only
Updated : 08.44 AM / 27th May 2020
