NiftyFuture last close: 11122.45 (-0.4%)
NiftyFuture was seen consolidated trade on yesterday between 11100-11150
Nifty index fell just 0.4% despite Banknifty index fell 3.5%
Top banks likes Hdfcbank, Icicibank, Kotakbank and Axisbank was seen under performed
Reliance and IT stocks gave strength to nifty
US markets closed higher on Monday and hoping US government stimulus efforts against rising of Covid-19 cases
The Dow Jones climbed 115 points or 0.44% and Nasdaq added 174 points or 1.67%
Asian markets are trading at higher levels. Japan’s Nikkei rose 0.4% and Topix index added 0.27%
Brent crude climbed 0.8% to $43.75 a barrel
Fiis sold 453 crore worth of stocks in cash segment while DIIs also sold 977 crore
Today’s earnings report stocks Ultracemco, NestleIndia, Rblbank, Hexaware, Niittech
SGXNifty indicate a positive opening for the index likes 40-60 points and likely to witness volatility will be expected during the day.
This July expiry was started around 10300 and now NF at 11150. This series low was 10156 and high of 11228. Now near by series’s high.
In last five sessions NF consolidated around 11060 to 11230. So either side if breaks and manages we see further movements!!
Today NF is facing a intraday resistance at 11140, 11170 and 11205
If breaks and manages above 11205……… Will try to move 11235 and 11275
Today NF can be considered as supports as 11110, 11095 and 11060
Below 11060……… Expecting long unwinding up to 11000
More live market update will be sent to my clients only
Updated: 08.51 AM / 28th July 2020
