NiftyFuture last close: 11222.45
The bears came back to market. Bears took control on entire day
As expected NiftyFuture was seen huge volatility on yesterday ahead of one day before July expiry
The Sensex fell 420 points while Nifty50 dropped almost 100 points
Seen profit booking in all sectors on yesterday’s trade after the recent rally except Pharma stocks
Reliance and Hdfcbank was the most contributor to fall index
Today Reliance will be declaring earning report and stock will react tomorrow only
This July month series low was 10156 on 26th June and high of 11343 on yesterday
I think morning session will be consolidate and noon session expecting some volatility
US markets closed higher on Wednesday. Dow rose 160 points and Nasdaq added 140 pts
Asian markets were set to higher levels
Federal Reserve keeps rate unchanged
Today’s results stocks are Reliance, Hdfc, Dabur, Srf
FIIs sold 352 crore worth of stocks in cash segment whereas DIIs sold 505 crore
SGXNifty indicate a positive opening for the index and likely to witness volatile trade will be expected during the day
Today Niftyfuture is facing a intraday resistance at 11240 and 11275
Once if breaks and holds above 11275……… Finding a next resistance around 11310-11340………. Thereafter expecting huge short covering!!
NF considering a support 11190 and yesterday’s low 11170
Below 11170 and manages below the level…………. Long unwinding will be expected up to 11125 and 11090
Lower level very strong support around 11050-11070
More live market update will be sent to my clients only
Updated: 08.55 am / 30th July 2020
