NiftyFuture last close: 11879.05 (+0.9%)
NiftyFuture has bounced-back almost 150 points from day’s low
NF was made a low of 11723 and high of 11893.70 then closed at 11874
Sensex rose 375 points, Midcap and Smallcap index was surged around 1%
Buying witnessed in Auto, FMCG, Infra and Pharma stocks
Profit booing was seen in the IT stocks
Kotakbank did very well on yesterday
Nestleindia and Colpal surged more than 5%
Tatamotors reported a loss of Rs 216 crore in the Sept and consolidated revenue fell 18.2% YoY
Bhartiartl was declared results and beat estimates. Reported consolidated net loss of Rs 763 crore Vs 23044 crore in FY2020. Revenue came Rs 25785 crore for the ended Sept 30
US markets closed at lower levels
Dow Jones fell 222 points and Nasdaq added 72 points
Asian markets looked set for weak start on Wednesday
FIIs net bought 3514 crore worth of stocks in cash segment whereas DIIs sold 1570 crore
Today following company were set to declare earnings report LT, Axisbank, Drreddy, Canfinhome, Marico, Mcx, Rblbank, Pel and Glaxco
SGXNifty indicate a negative opening for the index and likely to witness volatile trade will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11910, 11930 and 11975
Above resistance are hurdle for today’s trade!! Stay caution at higher levels!!
NF considering a supports 11850, 11825 and 11785
Below 11785………….Finding a next support around 11730
More live market update will be sent to my clients only
Updated: 08.44 am . 28th Oct 2020
