NiftyFuture last close : 14351.25 (+4.7%)
What a fantastic market on 1st Feb
On entire day Bulls dominated and acting very aggressively
Nifty50 gained more than 650 points at 14330 or +5.1%, Sensex rallied over 2300 points and Banknifty to a record almost 2500 points higher
The market recorded the best budget day percentage gains in 2 decades
Investor wealth of market capitalization rose by over Rs 6 lakh Crore in a single trading session
Sector wise action was seen Banks, Finance, Realty, Infrastructure as well as Auto stocks
Profit booking was seen Pharma and FMCG stocks
After good earnings report Icicibank and Indusindbank gained more than 10% while SBIN, RBLBank gained 9-11% and HDFCBank gained more than 6%
IndiaVIX fell more than 8%
US Markets ended with higher levels. Dow gained 60 points but Nasdaq gained 332 points
Asian markets were set to modest gain on Tuesday
FIIs net bought 1494 crore in cash segment while DIIs sold 90 crore
Today focus on Hdfc, Escorts and Tatacosumer were set to declare earnings report
SGXNifty indicate a positive opening for the index and likely to up move will be continue during the day
Today NiftyFuture is facing a intraday resistance at 14410 and 14470
If crossover 14470 with volumes then will try to move 14550+
NF considering a supports 14320, 14270 and 14200…….. Thereafter 14120
If any declines can buy!!
More live market update will be sent to my clients only
Updated: 08.52 am / 02nd Feb 2021
