Category: Charts

Last close: 10574.45

On Monday (29th June) NiftyFuture was consolidated and settled at 10255. On Tuesday was seen violent movement made a high of 10343 and slipped up to 10185 then again went up to 10240.

On Wednesday and Thursday, NF was bounced from 10244 to 10581. On both days NF was climbed 1.6% and 1.3% respectively.

On Friday, NF was consolidated around 10550-10590 and finally weekly close settled at 10574.45.

NiftyFuture recorded its third consecutive week of gains. The NF closed with gains of 2.4% and Sensex 2.4% for the week ended July 03.

Mid-cap and Small-cap index was seen marginal gains 0.3% and 0.25%

FIIs net bought 5492 Crore worth of stocks in cash segment in month of June. But in last three session of July FIIs sold 1395 crore.

DIIs also bought 2434 Crore in cash segment in June month as well as they bought 1953 cr of July in last three sessions.

One more important thing. Nifty PE at 27.78 ended in July 3. Whenever Nifty came around 27-28 was seen crash. Recent example on Feb 1st week Nifty PE came around 27-28 then seen big crash. So take care.

Covid-19 cases increasing gradually. Case crossed 6.72 lakh in pan India, Recovered 4.08 lakhs and active cases are 2,45 lakh. Death almost 20k

However, The market could be supported by the increasing rate of recovery

World largest Japan’s pension fund loses $165 billion in worst quarter

US market was shut on Friday and Dow future has closed around 50-75 points lower at 25779

Europe market was seen under selling pressure on Friday. All index closed around 0.6% to 1.35% lower

IIP data for the month May will be releasing on 10th July

NiftyFuture trend decider of 2nd week of July month could be 10440 and 10690

The July series started with more than 3% gain so far. In last entire week bulls have dominated

Technical chart indicates and NF has formed bullish candle in last three sessions

As per NSE data Nifty50 PE at 27.78 ended on 03rd July. Which is overvalued

NF is facing a weekly resistance at 10690, If crossover and closes above the level

Finding a next resistance 10780 and 10880 which means 200 DMA.

NF can be considering a weekly support at 10440. Once if breaks closes below the level

Expecting more weakness and profit booking up to 10250 and 10155. Thereafter we see 10k mark.

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Updated : 10.19 AM / 05th July 2020

Niftyfuture last close: 10318

Consecutive 2nd winning week and NF managed above 10200 mark and weekly close at 10318

NF weekly gain of 1.2% and Sensex rose 1.2%. Rally seen in the Mid-cap and Small-cap index with added 2.7% in the last week

Last week NF was made a weekly high of 10536 (Wednesday) and weekly low of 10181 (Thursday)

On 26th June NF was spiked from intraday low of 10235 to 10348. Finally weekly close at 10318

NF was seen rallied 37% from March 23’s low 7551 to 10548

Till this June month FIIs bought 9430 crore worth of stocks in cash segment whereas DII net sold 653 crore.

FIIs sold 3503 crore in Index Future till date of this month June

Covid-19 have been increasing day by day and daily infected peoples figures came nearly 20k

Total cases currently stands at above 5,29,421 (at 11.06 am) which includes 16103 deaths and recovered cases 3,10, 146 as per govt data. Recovered ratio around 57%.

Many states has already extending their lockdown till July 31st

Now, Govt maybe release July month guidance in couple of days

SEBI recently extended the date for disclosing earnings report till July 31

In coming week many company will be declaring earnings report like, Ongc, Bharatforge, Rites, Sail, Mrf, and Force motors

June auto sales will be declaring on 1st July. April month was full washout, May month was reopened gradually and June month was 85% fully opened. However the sales figure will come better than last month.

NiftyFuture weekly trend decider at 10180 and 10540

(Did you know ? In last week I did mention in NF weekly analysis “NF facing weekly resistance at 10530″……….. Do you know last week NF high ?? Exact high of 10536. Click here )

NiftyFuture has formed Spinning Top candle and 2 days shoulders top

Chart indicating a weekly resistance at 10370, 10450 and 10540. These resistance are very crucial for coming week.

Suppose NF once if breaks and manages above 10540…….. We see further rally up to 10750. But chances are remote only.

On other hand, NF can be considered as weekly supports as 10180 and 10050. If breaks and sustained below 10050.

Bears have an upper hand up to 9820.

On Option side, Call writing was seen 10400, 10500 and followed by 11000 while Put writing was seen at 10100, 10000 and followed by 9800

Highest OI was seen 10000PE and 10500CE…….. Hence is NF will consolidate around 10000-10500 on coming week ?

More live market update will be sent to my clients only

Updated : 12.02 PM / 28th June 2020

NiftyFuture last close: 10145.50 (+1.3%)

Bulls dominated for the second consecutive week in Indian indices

NiftyFuture was gained 6% despite of rising virus case and Moody’s downgrade India’s rating

In last two weeks NiftyFuture was gained 12%. Total recovery from March lows to over 33%

On last Monday NF was opened gap up and closed at 9791 or 3.1% higher, On Tuesday NF was gained 1.80%. Wednesday and Thursday both days NF was consolidated around and high of 0.75%. On Friday NF was bounced from last 2 hrs and closed 1.3% higher.

Positive news for Govt has been allowing gradually reopening of economic activities

On June 8th onwards shopping malls, Hotels, Restaurants will be allowed to reopen

Already market has been reacted above news.

FIIs bumping funds in last week, they bought Rs 13900 crore worth of stocks in cash segment in last 5 sessions

Do you know ? FIIs was invested 13915 Cr in the month of entire May. Now they invested same funds in 5 sessions.

Coming June 12th GST council will meet and expecting some important announcements

Important earnings to watch out for in coming week would be Heromotoco, Titan, Eichermotors, M&M, Hindalco, PVR, Centurytex, Srtransfin, and MGL

All eyes will be on FED meeting on 10th June

NiftyFuture has gained 1.3% on Friday’s closing hence the chart formed bullish candle and market mood (sentiment) also very positive

FIIs long in Index future 54% whereas DII also long 73% and seen strong fund buying in last week

Now, NiftyFuture finding a weekly resistance at 10200 once if breaks and manages above the level

Further rally will be expected up to 10380 and 10550 which was fibonacci retracement 61.8%

Suppose bulls if dominate aggressively and if sustains above 10550…… Then will move and strong resistance zone 10700.

On other hand, NF considering a weekly support 10020 and 9930

Below 9930……….Bears will come and dominate!! To what extend ?

More live market update will send to my clients only

Updated : 10.21 AM / 07th June 2020