NiftyFuture last close : 11123.70
Yesterday markets saw a wild swings during the day with both index
Except IT stocks, all the sectors witnessed heavy selling pressure
In last 1 hour……….. NiftyFuture has melted almost 400 points……. Ooopps!! After the news was “India found 2 coronavirus case”
NF was made a high of 11418 and melted up to 11023.95 then closed 11123.70
On US market Dow gained 1293 (5.09%), Nasdaq climbed 385 (3.61%)
Asian markets are moderate gains but our SGXNifty trading flat only
India VIX index closed 30% higher at 23.23
FIIs sold 1355 Cr worth of stocks in cash segment whereas DIIs bougb1138 Cr
FIIs bought 3158 Cr of index future and bought 4217 Cr of index options
Something happening FIIs figure………….. Is they closed all shorts ??
Today NiftyFuture likely to witness open at flattish note and volatile trade will be expected during the day
NF is facing a intraday resistance at 11160, 11200 and 11245
If crossover 11245 with volumes………… Finding a next resistance at 11320
NF considering supports 11085, 11045 and 11010
Thereafter……………. We see more blood bath up to 10900
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Updated : 08.25 AM / 03rd March 2020
