NiftyFuture Jan last close: 13813.50 (-1.2%)
Feb last close: 13844.40 (-1.3%)
Indian market tanked for the fifth consecutive day on Jan 28
In last 5 sessions Nifty fell more than 1000 points
Sensex fell by more than 500 points while Nifty50 dropped 150 points on the F&O expiry day
Hdfcbank, Reliance, and Hdfc contribute to dragged Nifty
Options premium is too high ahead of the Budget 2021
This correction is expected and this is the healthy market hence, don’t panic
FII bought 1.45 Lakh Cr since November 2020 and Nifty added more than 3000 points
They sold less than 5,000 Cr in last few days and Nifty fell a 1000 point
DIIs supported and they bought 1736 crore in cash segment while FIIs sold 3712 crore in cash segment on Jan 28
US markets closed higher on Thursday and bounced from sharp losses in the prior session
Dow rose 300 points, S&P500 gained 37 points and Nasdaq gained 67 points
Asian markets were set to higher on Friday after the US markets rallied
Today Economic survey to be tabled today
Today result stocks are Cipla, Dabur, Dlf, Drreddy, Exide, Tatamotors, Sunpharma, Techm, VEDL, Lichsgfin and Manappuramfin
SGXNifty indicate a positive opening for the index and likely witness choppy trade will be expected during the day
Today NiftyFuture is facing a intraday resistance 13880 and 13940
If sustains above 13940 minimum 30 minutes then will try to move 14000
But………Stay caution at higher levels.
Today NF considering a supports 13830, 13800 and 13770
Below 13770………… Then will check 13720-13680
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.40 am / 29th Jan 2021
