#BankNiftyFuture noon update
While updating BankniftyFuture were trading @ 32950
BNF was opened 33107 and slipped to 32655 again shot up to 32950
BNF trading with a premium of almost 130-140 points
IT index gains more than 2%, Bank index almost in flattish and Midcap index spiking 0.5%
VIX fell 1% and option premium falling slowly
Now, BankniftyFuture is facing a intraday resistance 33050 and 33175
If crossover 33175 and manages above the level…… Will move 33400+
Highest OI seems 33000CE and PE………. Is spot will close around this level ?
BNF considering a supports 32770 and 32655 (today’s low)
More live market update will be sent to my clients only
Updated : 12.59 pm / 06th May 2021
06th May 2021 #NiftyFuture Intraday Levels and Pre-Market Report
NiftyFuture last close: 14679.10 (+0.9%)
NiftyFuture was rebounded and gained nearly 1% on 05th May
NF was opened 14625 and slipped to 14549 again shot up to 14698
In last one hour NF was spiked almost 100 points
RBI Governor speech to helped lift the index
Banking stocks did well on yesterday
Reliance struggled around 1900-1950. Seems underperformed
VIX down more than 10% in last 3 sessions and option premium was melting
Today focus on Adanipower, Heromotoco, Coforge, and Centurytex will be declaring result
US markets ended at record highs. Dow was up 156 points and Nasdaq added 85 points
Asian markets followed by US markets and set to higher on Thursday
FIIs sold 1110 crore while DIIs sold 240 crore in cash segment
Tatachem and Suntv under F&O ban in NSE
SGXNifty indicate a positive opening for the index and likely to witness volatile will be continue due to weekly expiry day
NiftyFuture formed a small bodied bullish candle on May 5
NF is facing a intraday resistance 14725 and 14765 which was indicated last three days high. If breaks and holds above 14765………
Bulls action will be continued up to 14830-14860. But stay caution at higher levels
Still I am bearish until 15050 closing basis!!
Today NF can be considered as supports as 14650, 14610 and 14550
Don’t short at very lower levels
More live market update will be sent to my clients only
Updated: 08.40 am / 06th May 2021
06th May 2021 #BankniftyFuture Intraday Levels
Today’s BankniftyFuture Intraday Levels will be sent to my clients only
Levels will be sent to my Free Telegram Channel also ( Click here my channel link: https://t.me/FlyingcallsArjun )
Noon update will be post around 12.30 pm…….. be patient
Updated: 08.26 am / 06th May 2021
06th May 2021 Hot Stocks and Stocks To Watch
Last close: 1904
DEEPAKNTR reported revenues growth of 18% on QoQ and 40% on YoY
PAT growth of 69% on YoY and 34% on QoQ
Stock was spiked more than 15% in last 5 sessions
However, Stock if sustains above 1955 expecting further rally up to 2000+
Stock finding a support 1840
Last close: 6836.65
SRF has reported as inline with expectation result
Stock if stays above 7000………… Bulls will be dominating
Or if stays below 6650……… Bears will be dominating
Today’s guess stock
Stock finding a strong support at 2740
If stays above the level……. no problem for bulls
Below the level…….. expecting more weakness
Which stock ? Guess
Updated : 08.23 am / 06th May 2021