NiftyFuture last close: 13017.40
On last week NiftyFuture was some volatility and rangebound trade was seen although the Nifty hit 13000 and closed above the level
Nifty gained 0.85%, Sensex rallied 0.7% to close at 44180 during the week
Significant movement was seen Nifty Midcap index rallied 4% and Smallcap index rocked 6.2%
After market hours GDP date came -7.5% which was better than expected
FIIs has pumped Rs 19064 crore in cash segment while DIIs has unwinding Rs 15674 crore in last week
Something went wrong in last Friday after 3 pm trade like all largecap stocks was fell almost intraday high to low like 2-3%. Britannia, Itc, Nestle, Hul, Tatamotors, Heromotoco, Colpal and Asianpaints
The market will first react to Q2 GDP data which at -7.5%
While updating SGXNifty were trading around 12900 down 130-150 points due to global market seems selling pressure
Maruti, Heromotoco, Escorts, M&M, Ashokley, Eicher and Bajajauto will be focus on Tuesday as monthly volume sales data for Nov will be released by the company
RBI will be declaring interest rate decision on 04 Dec at 11.45 am.
I am expecting RBL to hold the Cash Reserve Ratio and Reverse Repo Rates
Covid-19 recovery rate has stood at 98.7% and the active cases stood at 4.50 lakh
I think India remanins in a better position compared to the western world which has seen a sharp increase in infections in the second wave
NiftyFuture trend decider for Nov 1st week 12730 and 13140
NiftyFuture was formed small-bodied bearish candle on Friday and bulls strength was seen decreased compared to last week strength
This week NF facing a weekly resistance at 13140 which was placed at last week high
If crossover the level and closes above the level…….. Expecting next resistance 13370
But, I am expecting profit booking zone around 13000-13200
NF can be considered as weekly support at 12730 which has been placed at 10 days support
If breaks and manages below the level……….. Will try to check next support 12600 and 12500
Maybe bears will be dominate until 12500-12600
More live market update will be sent to my clients only
For free stock advice follow my telegram channel https://t.me/FlyingcallsArjun
Send one “HAI” message to above whatsapp number. You will get market alert and pre-market report on your mobile
Updated: 11.17 am / 30th Nov 2020
