NiftyFuture last close: 16577.60 (-0.4%)
On Tuesday, NiftyFuture was seen highly volatile and ended 0.4% lower
Indian indices broke their three-day winning streak on May 31
NF was opened 16590 then fell to 16530 and shot up to 16692 again fell to 16550
Sensex ended the day with a loss of 359.33 points or 0.64% at 55,566.4
Nifty ended the day 76.85 points or 0.46% lower at 16,584.55
Metals which gained more than 1% while Auto made gains of 0.83%
Banknifty was seen selling pressure and index fell 0.9%
Midcap maintained its positive run as it gained 0.49% and Smallcap was higher by 0.68%
VIX gained marginally and ended around 20.50
India’s GDP growth at 4.1 pc in January-March 2021-22
Eight infrastructure sectors grow by 8.4 pc in April against 62.6pc
GDP grows 8.7 pc in 2021-22 as against contraction of 6.6 pc in previous fiscal
Brent crude was up 80 cents to $116.40 a barrel
Gold hits near 2-week low as US bond yield and strengthiening US dollar
Eurozone inflation hits record at 8.1% amid rising energy costs
FIIs net sold 1003 crore while DIIs net bought 1845 crore
US markets ended lower after long week-end
Dow fell 222 points, Nasdaq dropped 50 points and S&P500 declined 27 points
Asian markets were set to higher opening on Wednesday morning trade
US future were up by around 200 points
SGXNifty indicates a marginally weak
As per open interest, There is no significant OI on CE and PE side
Highest open interest was seen 17000CE
However, NiftyFuture is facing a intraday resistance 16600, 16630 and 16700
Above resistance levels are hurdle for today’s trade!!
NF was struggled around 16700 on last two days!!
On other side, NF can be considered as supports as 16550, 16530 and 16480
Below 16480, expect more pain up to 16400
Updated: 08.19 am / 01st June 2022
