NiftyFuture Nov last close; 12977.20
Dec last close: 13022.55
NiftyFuture rebounded sharply after a day of 1.5% correction and closed 1% gain
NF was opened at 12920 and melted up to 12785 then bulls comeback and dominated up to 12998……….
Day before yesterday bears dominated from 13130 to 12844
Yesterday bears occupied first 3 hrs then bulls occupied rest of hours from 12785 to 12998
The Nifty Nov expiry rollover is at 78.68% on Thursday compared to 77.45% on same day of previous expiry
The Nifty Nov rollover is higher than its Three months average of 76% and its six months average of 76.7%
Highest rollover in current expiry: Cement, Media, Pharma, Infrastructure and Telecom
Lowest rollover in current expiry: Automobile, Finance, Oil_Gas, Metals and Textile
FIIs bought 2027 crore in cash segment while DIIs sold 3400 crore
SGXNifty indicate a positive opening for the index and likely to witness consolidate will be expected during the day ahead of US markets off and Monday will be a holiday.
Today NiftyFuture is facing a intraday resistance at 13040, 13075 and 13100
Higher levels crucial resistance around 13130-13150……….Stay caution!!
If crossover the crucial level……….. We see more action!!
Today NF considering a supports 12980, 12955 and 12920
Below 12920……… Finding a next support around 12860
More live market update will be sent to my clients only
Updated: 09.06 am / 27th Nov 2020