NiftyFuture last close: 11118
What a volatility on yesterday’s trade
NF was opened at 11132 and went up to 11226 then dropped 11063. Finally settled at 11118.
Day before yesterday Reliance and Hdfcbank was very well…… NF rocked
Yesterday both stocks did not well………. NF was seen selling pressure!!
Today focus on RBI Policy!!……… Today again volatile day!!
US markets ended higher on Wednesday. Dow rose 309 points, S&P500 was up 18% and Nasdaq gained 33 points
Asian markets were mixed on Wednesday. Hong Kong at marginally higher, Nikkei at flat
Oil prices hit 5 month high. Brent crude up 1.75% at $45.17 a barrel
Gold surged through $2000/oz
Today some companies were set to declaring earnings report Lupin, HPCL, Adanient, Pidilitind, and Torntpower
FIIs sold 60 crore worth of stocks in cash segment whereas DIIs also sold 425 crore
SGXNifty indicate a positive opening for the index and likely to witness volatility trade will be expected during the day ahead of RBI Policy
Today NiftyFuture is facing a intraday resistance at 11145, 11170 and 11220
After policy if trades above 11220…….. We see further up trend to 11270
If anything wrong in RBIPolicy……….. Expecting more selling pressure from higher levels
Stay caution at higher levels!!……….
Today NF considering a supports 11100, 11075 and 11030
After policy if breaks and manages below 11030……… Bears have an upper hand to 10950
Better to trade after policy!!
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Updated: 08.41 am / 06th Aug 2020