30th March 2020 #NiftyFuture Intraday Levels

NiftyFuture Last Close : 8651.40

NiftyFuture was closed with a minor gains on Friday (gained 20 points)

On Friday, US markets fell after 3 days pullback gains, Dow fell 950 points and now Dow Fut down 250 points

Asian markets are lower now. Japan down 600 pts, Hangsend down 320 pts

Brent crude at 17 year’s low, down 17% and trading @ USD 23 / bbl

Indian Rupee ends at 27 paise higher at 74.89 vs $

On RBI report on Friday, Forex reserves fall by $12 billion, FPI’s pullout 1 lakh Crore

Virus reports, Globally virus spread around 7.20 lakh and more than 1.25 lakh infected in US

Trump open speech, Next two weeks crucial for US, Deaths figure will rise

In my view, India under control…… Cases increased slowly. If take more strict action will be controlled

On Friday, Surprised FIIs bought  356 Cr worth of stocks in cash segment DII’s also bought 1703 Cr

NiftyFuture weekly trend decider 9070 and 7540

While updating SGXNifty were trading around 8440 down 200 points

Today NiftyFuture is facing a intraday resistance at 8600, 8700 and 8780

Every rise can sell………..If comes above resistance zone…… Can sell

Today NF can be considered as supports 8510, 8380 and 8280

Below 8280……… Expecting more weakness up to 8100

Don’t short at very lower levels!!

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Updated : 08.37 AM / 30th March 2020