NiftyFuture last close: 15990.45 (+1.45)
On Wednesday, What a volatility!!
Do you know ? NiftyFuture was seen swing around 800 points
NF was opened 15800 and went 15900 then fell to 15800 within 15 minutes
Then spiked to 15950 to 15850 to 16000 to 15900 to 16020. Huge volatility was seen
Sensex was up 616.62 points or 1.16% at 53,750.97
Nifty was up 178.90 points or 1.13% at 15,989.80
Auto, FMCG, realty, IT and Bank indices gained 1-2%
While the Metal index was down 0.25 percent
Midcap index rose 1.7 percent, and smallcap index added 0.94 percent
Government asks edible oil companies to cut prices by up to Rs 10 per litre
FIIs net sold 330 crore while DIIs net bought 1465 crore
Fed’s fear of entrenched high inflation fuelled big rate hike
US markets closes in the green after the release of FOMC June meet minutes
US Fed indicated another possible 50-75 bps rate hike in July policy meet
US dollar index hit a fresh 20-year highs, shot up to above 107
Crude prices slide to a 12-week low and Brent crude below $99/bbl
Gold prices extends losses, Slips below $1740/oz as dollar grows stronger
Asian markets largely higher in early trade
Hangseng index down 1.3% and Kospi up 1.6%
SGXNifty indicates a positive note for the index
Likely to witness highly volatile will be expected during the day
NiftyFuture is facing a intraday resistance 16060 and 16120
If breaks and holds above 16120 will try to move 16175
On other side, NF can be considered as supports as 15970, 15940 and 15880
Updated: 08.35 am / 07th July 2022
