NiftyFuture last close: 15106.25 (-1.3%)
Niftyfuture was opened huge gap down on weak global cues and almost recovered 100 points from day’s low
NF was opened at 15047 then made a low of 14992 and shot up to 15235. Finally settled at 15110
Weak global cues like that US bond yield rose
Nifty50 fell 165 points to close at 15080 while Sensex fell 600 points to close 50846
But, broder markets Midcap and Smallcap index surged 0.48%, 0.8% respectively
Action was seen power and utilities stocks while profit booking was seen metals, banks, finance and telecom
US bond market shot up to 1.55%
After Fed chairman speech US markets fell significantly
US Dow Jones fell 1.11%, S&P500 lost 1.34% and Nasdaq declined 2.11%
Nasdaq indices fell nearly 10% from its Feb record high
Asian markets falling on Friday as rising US treasury yields
Japan’s Yen to an eight month high
China has set its 2021 economic growth target a more than 6% says Premier Li
FIIs and DIIs both sold shares worth of 223 crore, 788 crore respectively
SGXNifty indicate a gap down opening for index
NiftyFuture trading range between 14500 to 15300 in last five sessions and seems huge volatility
This volatility not seen even the macroeconomic Budget day
Today NiftyFuture can be considered as supports as 15030, 15000 and 14950
Below 14950………Will try to check 14880 and 14820
NF is facing a intraday resistance 15080, 15150 and 15220
If rise can sell nothing else!!
More live market update will be sent to my clients only
Updated: 08.56 am / 05th March 2021
