NiftyFuture last close: 11675.25 (+1.0%)
On Friday, NF was climbed 1% which was helped banking stocks to lift the index
Nifty Midcap and Smallcap indices continue to higher and rising 2.3%, 3.7% respectively
In a mean time Banknifty index was gained almost 10%
GDP date will be releasing on today post market hours it will effect on tomorrow’s trade
Central Govt has announced 4th lock-down relaxation it will be helped to economic boost
Reliance and Future group deal was done……… It will impact on today’s trade
Fiis bought 19145 crore worth of stocks in cash segment whereas DIIs sold 11727 crore so far this August month
This week NiftyFuture Trend Decider 11780 and 11400
Today NiftyFuture is facing a intraday resistance at 11690-11730
If breaks and manages above 11730……… Finding a next resistance at 11780+
Today NF can be considered as supports as 11650 and 11620
Below 11620………. Then will try to check 11570…….. But buy on declines!!
More live market update will be sent to my clients only
Updated: 08.50 am / 31st Aug 2020
