NiftyFuture last close: 15583.20 (+0.8%)
What a smart rally in markets on May last day
NF was opened 15450 and made a low of 15410 then rocked up to 15599.70
The Sensex finally settled at 514 points higher while Nifty50 ended with gains of 147 points
Index heavy weight stocks helped to lift the index
Reliance was up more than 10% in last two sessions
Hdfcbank, Icicibank, Axisbank and Kotakbank did well
Sector wise action was seen energy, metal, telecom and oil & gas while profit booking visible in IT
Small-cap and Midcap index did not well in last three sessions
VIX below 17 mark and seen very low premium
India FY21 GDP contracts 7.3% much improved than Govt’s expectation
FIIs and DIIs both bought in cash segment Rs 2412 crore, Rs 179 crore respectively
Three stocks under F&O ban in NSE. BOB, PNB and Suntv
US markets remained closed on Monday on account of bank holiday
US Futures little changed after major indexes saw gains in May
Asian markets were set to mixed trend on Tuesday
SGXNifty indicate a positive opening for the index and likely to move uptrend
NiftyFuture formed bullish candle on daily scale and seems more bullish on weekly scale
NF is facing a intraday resistance 15615, 15645 and 15680
If crossover 15680………. Expecting more rally up to 15750
It is frightening to see the market currently climbing……!!
Today NF considering a supports 15550, 15520 and 15475
Below 15475……… Finding a next supports around 15410 (last two day’s low)
More live market update will be sent to my clients only
Updated: 08.44 am / 01st June 2021
