NiftyFuture last close: 17960.96 (+0.6%)
On Wednesday, NiftyFuture was ended 0.6% higher despite of weak global cues
NF was opened 17840 then fell to 17786 thereafter spiked up to 17985
What a performance on yesterday… Both index Nifty and Bank index shot up
All frontline stocks did very well
Especially bank index looked very hot
FIIs net bought 336 crore and DIIs net bought 1272 crore on 06 Jan
FII’s reduced the buying limit on yesterday
On global side, US markets went up record high on first half session
Then, After the FED announcemnt fell more than 2.5%
Hawkish FED signals it may have to raise rates sooner to fight inflation
US Dow fell sharply on wednesday with the Nasdaq dropped more than 3%
Nasdaq was seen biggest one-day drop since Feb 2021
Asian markets declined in Thursday trade following the US markets imapact
SGXNifty indicates a gap down opening for the index
Likely to witness highly volatile will be expected during the day
NiftyFuture is facing a intraday resistance 17900, 17935 and 17975
( Today is very important, NiftyFuture if closes above 17950… Positional Targets 18400 and 18600.Soon Nifty will hit all time high)
On other side, NF can be considered as supports as 17840 and 17790
Below 17790, Then will try to check 17740
Thereafter, expecting more pain………
Updated: 08.58 am / 06th Jan 2022
