NiftyFuture Last Close: 30709.10 (-0.8%)
The Indian markets tanked more than 5% in the week ended Jan 29, not even Indian market global markets also fell more than 3% to 6%, which was biggest fall since March 2020
Nifty50 tanked 5.14% while Sensex fell 2593 points or 5.31%. Midcap index declined 3.5% and Smallcap index was down more than 2%
On Friday, NF was opened 13925 went to 13984 then slipped to 13666. In last two hours NF more than 350 points
The big event of the year Union Budget will be presented on Today
The expectations are very high due to country faced Covid-19 pandemic. After the pandemic first budget to be present on today
India VIX above 25 and option premium is too high
FIIs turned to selling mode with aggressively for the first time since Sept 2020, they sold Rs 12096 crore in the week ended Jan 29
On other side DIIs turned to buying mode on the weekly basis for the first time in the last four months, they net bought Rs 3788 crore in the week ended Jan 29
Automobile companies will release their Jan sales numbers on Feb 1
SGXNifty indicate a negative opening for the index and likely to witness huge volatile will be expected during day ahead of Union Budget 2021-2022
This week NF trend decider 13640 and 14200
Today NiftyFuture is facing a intraday resistance at 13800 and 13885
After Budget speech, NF if sustains above 13885 then rally will be expected 14000 to 14080
NF considering a supports 13690 and 13640…….. If stays below 13640 then will try to check 13560 and 13450
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Updated: 08.48 am / 01st Feb 2021
