27th Nov 2020 #NiftyFuture Intraday Levels

NiftyFuture Nov last close; 12977.20

Dec last close: 13022.55

NiftyFuture rebounded sharply after a day of 1.5% correction and closed 1% gain

NF was opened at 12920 and melted up to 12785 then bulls comeback and dominated up to 12998……….

Day before yesterday bears dominated from 13130 to 12844

Yesterday bears occupied first 3 hrs then bulls occupied rest of hours from 12785 to 12998

The Nifty Nov expiry rollover is at 78.68% on Thursday compared to 77.45% on same day of previous expiry

The Nifty Nov rollover is higher than its Three months average of 76% and its six months average of 76.7%

Highest rollover in current expiry: Cement, Media, Pharma, Infrastructure and Telecom

Lowest rollover in current expiry: Automobile, Finance, Oil_Gas, Metals and Textile

FIIs bought 2027 crore in cash segment while DIIs sold 3400 crore

SGXNifty indicate a positive opening for the index and likely to witness consolidate will be expected during the day ahead of US markets off and Monday will be a holiday.

Today NiftyFuture is facing a intraday resistance at 13040, 13075 and 13100

Higher levels crucial resistance around 13130-13150……….Stay caution!!

If crossover the crucial level……….. We see more action!!

Today NF considering a supports 12980, 12955 and 12920

Below 12920……… Finding a next support around 12860

More live market update will be sent to my clients only

Updated: 09.06 am / 27th Nov 2020

27th Nov 2020 #BankniftyFuture Intraday Levels

BankniftyFuture Nov last close: 29534.35

Dec last close: 29589.55

What a volatile day on Nov 26 series expiry day

Sharp rebound and comeback of bulls from lows after one weakness session

Index opened at 29370 and was seen sharp sell-off upto 28923 then bounced-back to 29623

Ooops………….Very tough fight was seen bulls and bears

Banknifty December series closed with a premium of 50 points

The Banknifty Nov expiry rollover is at 79.35% on Thursday compared to 73.59% on same day of previous expiry

Hdfcbank, Icicibank, Kotakbank, Axisbank and Sbin did well

BankniftyFuture is facing a intraday resistance at 29680 and 29770

Once if breaks and sustains above 29770………. Then will try to check 29980 and 30200

But……….. 2nd and 3rd resistance are hurdle for today’s trade

Once if sustainable move above 30200 levels could negate this bearish pattern completely, which was placed day before top

Today’s Bankniftyfutre is considered as supports as 29470, 29380 and 29220

Below 29220……….. Finding a next support around 29000

More live market update will be sent to my clients only

Updated 08.30 am / 27th Nov 2020

27th Nov 2020 Hot Stocks and Stocks To Watch

Last close: 1952.60

RELIANCE has consolidated around 1920 to 1975 in last few sessions

I think…….. accumulated around the level and ready to blast anytime up to 2050 to 2100

If not close below 1895……….. No problem for bulls. Are you short term trader ?

Buy and hold with stop of 1895 closing basis

Last close: 596.90

CESC underperform stock in last three months and stock was consolidated around 577-610

Now stock came nearby trend line resistance 610

Close watch 610………… If breaks and manages above the level

Further up trend will be expected

Last close: 354.85

WIPRO another attractive stock for short term

Every declines can buy like 340-350

Short term target 375+

Today’s Guess stock

Stock came nearby recent top 1533

If crossover the level………. Looks good!!

Which stock ?? Guess

Updated: 08.10 am / 27th Nov 2020

26th Nov 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 12859.15 (-1.16%)

Bears returned with high power

NiftyFuture was seen strong selling pressure after Oct 15

Index was opened at 13130 and hitting a record high 13137.75 then seen sharp selling pressure up to 12844

Sensex also reversed gained after hitting a high of 44825. Index ended 695 points lower

Market capitalization lost 2.2 lakh crore in a single day

All are expecting profit booking (me too)…… But not expect before one day Nov expiry

FIIs stopped to buying in cash segment and index fell almost 200 points

DIIs as usual they sold almost 1840 crore

Selling pressure was seen in Banks, Pharma, Auto, Consumer and Telecom

India volatility index (VIX) gained 10%…….. and Option premium was seen higher

Today US market closed due to Thanks giving and tomorrow will work half day only

Monday Indian market will close due to Gurunank Jayanti

US market closed lower on Wednesday & US weekly jobless claims increase

Dow Jones fell 173 points, S&P500 lost 6 points and Nasdaq dropped 57 points

Asian markets dipped slightly on Thursday

SEBI withdraws proposal to increase margin requirement for non-f&o stocks in cash segment

Under 5 stocks F&O ban in NSE Canbank, Ibullhsgfin, Nalco, Sail and Tatamotors

SGXNifty indicate a positive opening for the index and likely to witness high volatile will be expected during the day ahead of Nov series expiry

NiftyFuture formed a big bearish candle on a daily chart and lost its entire gains of last two days ahead of Nov series expiry

Same bearish candle was formed on Oct 15 then took 15 days to break that day high.

Now……….. NF is facing a intraday resistance at 12920 and 12945

If crossover 12945………… Then will move 12980-13020

NF considering a supports 12870 and 12840………. Thereafter expecting further fall up to 12790

More live market update will be sent to my clients only

Updated: 08.43 am / 26th Nov 2020