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