NiftyFuture last close: 15776.05 (-0.4%)
On Tuesday, Indian equity markets was seen roller coaster formation
NiftyFuture was opened 15880 and gradually went to 16015 in first half
On second half, some global news triggered and NF dropped 250 points from day’s high
The final tally was NiftyFuture ended at 15776 down 0.4%
The bank index fell more than 600 points from day’s high
SAUDI ARAMCO RAISES ALL AUGUST OIL PRICES FOR ASIA CUSTOMERS
Euro falls to lowest since 2003 against the US Dollar
USDINR spot closed at a fresh all time high at 79.37, up 42 paise on spot
Volatility index sustained 20-21
Reliance did well and lift the Nifty50
Big price swing across the markets
All the major commodities slide in global markets along with equities
Crude oil at 2-month low
Natural gas falls over 6% at lowest level in over 3 months
Gold slips to lowest levels since December 2021
Precious metals slide too, Gold erased all the gains of 2022
UK finance minister Rishi Sunak resigned on July 5
Euro slumps to two decade low as recession fears grow
Oil may collapse to $65 by the year-end on recession says Citi
FIIs net bought 1295 crore while DIIs net sold 257 crore
US factory orders rise more than expected in May
US markets recovered almost 500 points from day’s low to close
Dow fell 129 points while Nasdaq gained 195 points
Asian markets were set to mixed opening for Wednesday’s early trade
US Future markets fell around 100 points
SGXNifty indicates 50-100 points gap up opening for the index
SGXNifty indicates a positive note for the index
Likely to witness highly volatile will be expected during the day
Look at open interest, Nifty 16000CE added more OI which was indicated stay caution at higher levels
However, NiftyFuture is facing a intraday resistance 15800, 15850 and 15920
If breaks and holds above 15920 will try to move 15970-16020
Now, NF strong resistance levels moved from 15930 to 16020
Stay caution at higher levels!!
On other side, NF can be considered as supports as 15750, 15700 and 15630
Below 15630 will try to check 15500
Updated: 08.26 am / 06th July 2022
