29th May 2020 #NiftyFuture Intraday Levels

NiftyFuture May series last close: 9483.95 (+1.9%)

June series last close: 9427.95 (+1.4%)

NiftyFuture June series closed with discount of 63 points which was short covering in last one hour in May series

Today GDP data will come……… data will show Jan-March quarter so Covid-19 impact is not show in this data

Lockdown 4 will close on May 31st, Now will continue or lifted totally or eased some restrictions ?

India-China border tensions rise

US-China tariff tensions increasing, Maybe Today evening expecting some announcement from US

Locust has arrived in India’s border states. Its another bad situation

Covid-19 cases increased heavily in India like Maharastra and Tamilnadu

US markets ended lower on Thursday. Dow fell 147 points, Nasdaq dropped 43 points

Asian markets were set to choppy trade on Friday

FIIs bought 2354 cr worth of stocks in cash segment whereas DIIs also bought 145 cr

SGXNifty indicating negative opening for the index

NiftyFuture June series trade range between 9800-8800

Today NiftyFuture is facing a intraday resistance at 9470, 9500 and 9540

Above three resistance are crucial for today’s trade!!

Today NF can be considered as supports as 9380, 9340 and 9300

If sustains blow 9300, Expecting further weakness up to 9230

In last two series, First day of new series market was ended with deep red.

More live market update will send to my clients only

Updated : 08.48 AM / 29th May 2020