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
More live market update will be sent to my clients only
Updated : 08.55 AM / 30th June 2020
