NiftyFuture last close: 16604.65 (-0.1%)
On Friday, NiftyFuture was opened almost 175 points gap up but unable to sustained the gain
NF was slipped almost 200 points from day’s high to low like from 16760 to 16578
On Friday NF was seen huge selling pressure at opening to end of the time
FIIs were net sellers to the tune of Rs 6652 crore last week
FIIs sold total for the year to Rs 1.8 lakh crore
On last week Reliance was given big support to lift the Nifty
Reliance was gained more than 8% on last week
Smallcap index surged 4% and Midcap index gained 1%
Bank index ended almost 0.4% gain on last week
VIX sustained around 20.50
Oil prices rose more than $2 in early trade on Monday
China May services activity contracts for third straight month
US markets ended lower on Friday after solid jobs report
Dow fell 348 points while Nasdaq declined 304 points
Asian markets were set to muted start on Monday
NiftyFuture weekly trend decider 16425 and 16750
Today NiftyFuture is facing a intraday resistance at 16625, 16660 and 16700
Stay caution at higher levels!!
On other side, NF can be considered as supports as 16550, 16530 and 16480
Below 16480 will try to check 16425
Updated: 08.44 am / 06th June 2022
