NiftyFuture last close: 14752.30 (-1.1%)
Indian equities snapped two days winning streak on 31st March 2021
NiftyFuture was opened at 14871 and dropped up to 14720 then settled at 14765
The US bond yield rise and Covid-19 cased climbed and triggered the market sentiment
Nifty50 ended 154 points lower to 14690 while Sensex dropped 627 points to 49509
Day before yesterday HDFC twins lift the index more than 2% and yesterday reversed and index fell 1.5%
Hdfc twines fell more than 4% on yesterday
Sector wise, action was seen FMCG, Reality, Metals and profit booking visible IT, Finance and bank stocks
PSU banks did well and private banks was seen profit booking
India’s April-Feb fiscal deficit at 76% of FY 21 revised estimates
Oil falls as fresh lockdowns in Europe and settled at $63.54 a barrel
India VIX sustained around 20.50. But option premium didn’t fall
US markets mixed on Wednesday. Dow fell 85 points and Nasdaq gained 200 points
Asian markets were set to edge higher on Thursday
FIIS net sold 1685 crore and DIIs bought 2081 crore in cash segment
SGXNifty indicate a positive opening for the index and likely to witness highly volatile will be expected during the day due to weekly expiry and long weekend
Today NiftyFuture is facing a intraday resistance 14800 and 14840
If stays above 14840….. Will try to move 14875 and 14900. But stay caution at higher levels
Today NF considering a supports 14750 and 14720
Below 14720………. Finding a next support around 14650-14600
More live market update will be sent to my clients only
Updated: 09.02 am / 01st April 2021
