NiftyFuture last close: 16508.10 (-0.4%)
NiftyFuture was seen highly volatile on June 1
NF was opened 16550 and went to 16640 then slipped to 16425 again went to 16550
So much volatile in the last 1 hour on last two sessions
Day before yesterday NF was fell almost 100 points in last 30 minutes
On yesterday NF was bounced almost 100 points in last 30 minutes
Sensex fell 185 points to close at 55,381
Nifty50 declined 62 points to 16,523, extending downtrend for the second consecutive session
Midcap 100 index rose 0.04% and the smallcap 100 index gained 0.28%
Auto index fell 0.2 percent following monthly sales data
VIX, which measures the expected volatility in the market, rose 1.79% to 20.85 levels
GST collections fell to Rs 1.41 lakh crore in May, down 16% from April’s all-time high of Rs 1.68 lakh
Brent crude down $2.75 at $113.50 a barrel
FIIs net sold 1930 crore while DIIS net bought 984 crore
US markets ended lower on Wednesday’s trade
Dow fell 177 points and Nasdaq dropped 87 points
Asian markets were set to lower opening on Thursday early trade
SGXNifty indicates a negative opening for the index
Likely to witness highly volatile will be expected during the day
As per open interest side, There is no significant OI on CE or PE sides
However, NiftyFuture is facing a intraday resistance 16550, 16580 and 16640
Major resistance and supply zone around 16640-16700. Stay caution
On other side, NF can be considered as supports as 16470, 16450 and 16420
Below 16420 will try to check 16350-16300 levels
Updated: 08.49 am / 02nd June 2022
