30th June 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 10255.80 (-0.6%)

Niftyfuture was seen consolidate trade in first half and bounced 100 pts from day’s low

Finally NF dropped 70 points and Sensex ended 210 point down

My weekly support at 10180, Index broken the level but not closed below the level

US market closed higher on Monday. Investors hoped for a stimulus packages economic rebound

Dow Jones rose up to 580 points, Nasdaq added 117 points and S&P gained 45 points

Asian markets followed by US markets climb, Nikkei up 0.10% and Hangseng climbed 0.65%

Covid-19 cases increased gradually…… Its really bad news for Indian market

PM will address the nation at 4 PM……. Will announce another lock-down or fully relaxation ?

India banned 59 Chinese apps….. Its really appreciate

China’s June factory activity to three month high

Many states declared extended lockdown till July 31, Like TN, Maha, WB

FIIs sold 1937 Cr worth of stocks in cash segment whereas DIIS bought 1036 Cr

FIIs having shorts in index future 69%………. Something cooking!!

SGXNifty indicate a positive opening for the Index like 50-75 points higher

Today NiftyFuture is facing a intraday resistance at 10290 and 10325

If crossover and manages above the level………. Will try to move 10365

Today NF can be considered as supports as 10220, 10185 and 10140

Buy at decline and keep a stop of supports until 10140

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Updated : 08.55 AM / 30th June 2020