NiftyFuture last close: 15710.60
Indian market closed in the red for the fourth consecutive day on July 1, 2021
NF was opened 15765 and fell gradually up to 15696
Final tally was Sensex fell 164 points to close at 52318 while Nifty50 ended 40 points lower at 15680
Sector wise action was seen Auto, consumer, FMCG and consumer durables while profit booking was visible in power, telecom, IT, and energy stocks
Volatility index fell another 1% and ended below 13. VIX lowest level since 2021
Banking stock was seen under perform
Auto sales numbers for June are out. Maruti, Tatamotors, and M&M have all shown good sales
FIIs net sold 1245 crore while DIIs net bought 880 crore in cash segment
On global side, Bitcoin drops more than 5% to $33250
US markets ended higher on Thursday
The S&P500 reached all time high and Dow Jones rose 130 points
Asian markets were set to mixed trend on Friday’s opening
SGXNifty indicate a cautions opening for the index
NiftyFuture formed consecutive fourth bearish candle on yesterday and also formed lower lows
NiftyFuture is facing a intraday resistance 15735, 15750 and 15785
There is no strength at higher levels!! stay caution
Today NF can be considered as supports as 15695 and 15650-15665
If breaks and manages below 15650……….. More weakness will be expected
Updated: 08.48 am / 02nd July 2021
