NiftyFuture last close: 15854.95 (-0.2%)
The Nifty hit a fresh record high of 15915 on Monday but failed to close in the green
NiftyFuture was opened at 15930 then fell to 15825 and finally ended at 15863
NF was unable to hold above 15900. Yesterday I did mention 15900 is the major hurdle
Sensex off 200 points to 52735 while Nifty50 closed lower by 0.3% to 15814
Sector wise buying action was seen metals, pharma and infra stocks while profit booking visible IT, telecom and capital goods
European markets fell after spike in Covid-19 cases
US stock future are mildly lower on Tuesday morning after S&P500 closes at record high despite Dow down 150 points
10-year yield falls below 1.5% to start the week
Asian markets Nikkei and Hangseng down 150 points each
Overall the sentiment, Global cues mixed, FIIs fund flow : Negative, DIIs fund flow : Positive, Trend : Positive, F&O : Long unwinding
FIIs net sold 1658 crore in cash segment while DIIs bought 1277 crore
NationalAluminium is under the F&O ban for June 29
SGXNifty indicate a cautions opening for the index
Yesterday I did mention NiftyFuture was struggled above 15900 in many days. What happened on yesterday ? NF was unable to sustained above 15900
However, Today NiftyFuture is facing a intraday resistance 15880, 15910 and 15940
Once if breaks 15940 and manages above the level, Will move 16000
Otherwise…………… Stay caution around 15900
Today NF can be considered as supports as 15830 and 15800
Below 15800, Finding a next support around 15760-15730
More live market update will be sent to my clients only
Updated: 08.25 am / 29th June 2021
