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
