Niftyfuture last close: 15298.85 (+2.3%)
Yesterday NiftyFuture was shot up to 2.3% and was seen unexpected rally (short covering)
NF was opened 15062 and went to 15318, In last 1 hour spiked more than 100 points like a short covering
Yesterday all CE writers went to hell
While updating SGXNifty indicate a gap down like 250 points
Today all PE writers going to hell
Today weekly expiry, But traders facing a everyday expiry day because Nifty also moved 250-400 points everyday and BNF was moved 1000-1500 points
Yesterday, when our markets closed US Fut was up more than 150 points
But, Really Dow Jones fell 0.40% and Nasdaq dropped 2.7%
Nasdaq index closed below 13000
Bond market shot up to from 1.13% to 1.5%
Indian VIX fell almost 20% in last 3 sessions but today maybe shot up
Option premium is too high ahead of peak margin
FIIs and DIIs both was bought on yesterday 2088 crore and 392 crore respectively
SGXNifty indicate a huge gap down like 250 points and volatility trade during the day
Trade very carefully and do small quantity. Don’t trade aggressively market will open everyday when trend is very clear then will do aggressive trade.
Let’s see technical levels
NiftyFuture likely to open around 15100
Now, NF can be considered as supports as 15035 (Yesterday’s low), If sustains below 15035 then will try to check 14975 and 14930
NF is facing a intraday resistance 15220 (support changed to resistance), 15275 and 15320
More live market update will be sent to my clients only
Updated: 08.54 am / 04th March 2021
