NiftyFuture last close: 11306.15 (+1.7%)
As expected NiftyFuture spiked from my support 11110 and rocked up to 11323
NiftyFuture at near by five month high and Sensex rallied 560 points while the Nifty reclaimed 11300
IT and Auto stocks performed well. Infy, Tcs, and HCLTech did well
Maruti and Tvsmotor were set to declare results today. Focus on Auto stocks
US markets closed lower on Tuesday. Disappointing financial results and investors worried about wrangling in the US congress Covid-19 aid plan
Dow Jones fell 205 points or 0.77% and Nasdaq dropped 135 points or 1.27%
Dow future were trading at flat and waiting for Fed outcome
Asian markets are not followed by US markets…….. Asian markets were trading almost flat
Crude oil falls as US stimulus packages faces tough talks and worried about rise in Covid
PM is expected to hold a meeting with PSBs, NBFCs this week to take stock credit availability
FIIs bought 245 crore worth of stocks in cash segment whereas DIIs sold 1017 crore
SGXNifty indicate a positive opening for the Index and likely to witness bulls action will be continued during the day
Today NiftyFuture is facing a intraday resistance at 11335 and 11360
Once if breaks and sustained above 11360……….. Will try to check 11400-11430 which was March month 1st week top.
Today NF can be considered as supports as 11290, 11270 and 11250
Below 11250. Finding a next support around 11190
Buy on decline and keep a stop of supports!!
More live market update will be sent to my clients only
Updated: 08.51 AM / 29th July 2020
