NiftyFuture last close: 11238 (+1.8%)
NiftyFuture was shot up 1.8% and shown strong gain on consecutive second day
NF opened at 11123 and made a low of 11090 then went up to 11249
Last Thursday NF low was 10800 and yesterday’s high was 11249. Jumped 450 points in last two sessions
On yesterday, Sensex jumped 594 points or 1.59% and Nifty settled at 177 points or 1.60%
Bulls have an dominated on last two sessions
Positive for global cues and world market was seen rallied
RBI rescheduled the MPC meeting and is to announce the new dates shortly
Yesterday market waiting for the verdict on the Interest waiver case from SC but it got postpone by another three days like next Monday
India VIX index at below 20. Good for option sellers
Oil prices fell on Tuesday. Brent crude at $42.26 a barrel
US markets ended at higher levels and Dow rose more than 400 points while Nasdaq gained 2%
Dow future trading at higher of 75 points but Hang Seng future off 150 points from high
FIIs sold 27 crore worth of stocks in cash segment whereas DIIs bought 543 crore
But, FIIs long in index future
SGXNifty indicate a positive opening for the index and likely to witness volatility will be expected during the day
Today NiftyFuture is facing a intraday resistance at 11270, 11300 and 11325
I did mention in my “Dalal Street Week Ahead” youtube video NF weekly trend decider at 11300.
Must watch 11300-11325………. If breaks and closes above the level…… Expecting further rally
If not breaks above levels, maybe possibility of bears will be dominating.
NF can be considered as supports as 11230, 11200 and 11180
Below 11180………. Finding a next support around 11140
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Updated: 08.46 am / 29th Sept 2020
