NiftyFuture last close: 11778.40 (-1.3%)
NiftyFuture was melted on Oct series expiry week first day
Index opened at 11933 and almost 1 hour sustained around 11900 then seen huge selling pressure and index fell vertically up to 11712. Finally closed at 11779
Yesterday I did mention Rising virus cases in the US and Europe and delay in US stimulus package. That is the main reason global market fell
All sectoral was seen selling pressure Metal index down 3.5%, Auto index corrected 3.2% while IT and Pharma index fell 1 to 1.5%
Reliance broken three month support and near by 2000 level
Kotakbank did well after the good earnings report
Heromotoco, Bajajauto, M&M and Tvsmotors was seen huge selling pressure
India’s volatile index climbed 6%. Take care for options writers.
US markets tumbled on Monday and S&P500 posting its biggest daily decline in last one month
Dow Jones fell 650 points, S&P500 declined 65 points, and Nasdaq dropped 190 points
Asian markets seems weak trend on Tuesday
Hope, Centre prepares stimulus 4.0 for Diwali release…. Is will help market ?
Today focus on Bhartiartl, Amarajabat, and Tatamotors set to declare earnings report
FIIs sold 119 crore worth of stocks in cash segment meanwhile DIIs sold 980 crore
SGXNifty indicate a positive opening for the index and likely to witness volatile trade will be continue
Today NiftyFuture is facing a intraday resistance at 11800, 11825 and 11850
If crossover 11850 and manages above the level finding a next resistance around 11900
Today NF can be considered as supports as 11740 and 11710
If breaks and sustains below 11710………. Will try to check 11660
More live market update will be sent to my clients only
Updated: 08.40 am / 27th Oct 2020
