NiftyFuture last close: 16794.25 (+0.8%)
On Monday, NiftyFuture was opened 16525 and fell up to 16366.85 then bounced up to 16825
NF was seen sharp recovery on Monday
NF was recovered almost 450 points from day’s low to high
Sensex rallied 389 points to 56247 while Nifty50 climbed 135 points to 16794
Nifty50 formed a big bullish candle on Monday
On yesterday SGXNifty went to 16900 then slipped to 16450
India’s GDP growth slowed to 5.4% in Oct-Dec 2021
Feb GST collections at Rs 1.33 lakh crore down 5.6% from January
FIIs net sold 3948 crore while DIIs net bought 4142 crore
ATF (Aviation Turbine Fuel) price hiked by 3.3% and fifth increase this year
Ukarine war may delay LIC IPO to next FY
Oil jumps 3% to $108 a barrel
US markets ended sharply lower on Tuesday
Dow Jonnes fell 1.75%, S&P500 lost 1.55% and Nasdaq dropped to 1.60%
Asian markets were set to mixed trend on Wednesday
Nikkei down 1.22% and SouthKorea, Australlia stocks rose 0.35% to 0.5%
SGXNifty indicates a gap down opening for the index
Likely to witness highly volatile will be expected
However, NiftyFuture can be considered as supports as 16650, 16575 and 16500
Once if breaks and holds below 16500, then finding a next supports 16430 and 16350
On other side, NF is facing a intraday resistance 16700, 16750 and 16825
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