NiftyFuture last close: 14698.45 (-1.4%)
What a terrible day on April 5, 2021
Indian markets was seen sharp selling pressure on Monday after the Maharastra Govt announced new restrictions to curb the spread of novel coronavirus infections
NiftyFuture was opened 50-60 points down at 14890 then slipped vertically up to 14490 again shot up to 14750. Finally settled at 14706
The Sensex wiped out most of the previous days gain on April 5 on worried around rising Covid-19 cases
Look at the final tally on Sensex plunged 870 points to 49159 while the Nifty50 closed with losses of 229 points at 14637
Sectorally, Selling pressure visible in banks, finance, auto and public sector stocks while action was seen IT and metal stocks
India VIX moved up by 6.16% from 19.98 to 21.21 levels. At one time VIX was went up 17%
Bajfinance fell more than 6%, SBIN and Indusindbank fell 4% to 6%
US markets rallied on Monday with the Dow Jones and S&P500 closing record highs
Dow Jones rose 374 points, S&P500 gained 58 points and Nasdaq added 225 points
Asian markets were set to mixed trend
Crude oil fell more than $3 a barrel on Monday to settled at $61.78 a barrel
FIIs net sold 931 crore in cash segment while DIIs net bought 75 crore
SGXNifty indicate a cautions opening for the index with a 20-30 points negative
NiftyFuture was formed a hanging man pattern in daily chart which means bulls dominated at lower levels
In last 1 month, Whenever seen huge selling in market and same day index was recovered 100-200 points from day’s low. Happened on yesterday too
Today NF is facing a intraday resistance 14735, 14780 and 14820
If crossover 14820………. then will move to 14860-14900
Again same mantra………. Avoid fresh buying at higher levels!!
Today NF considering a supports as 14660, 14630 and 14580
Yesterday’s low and high will be act strong hurdles for coming days!!
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Updated: 08.32 am / 06th April 2021
