NiftyFuture last close: 16581.25 (-0.1%)
On Monday, NiftyFuture was seen strong consolidation
NF was opened 16550 and made a low of 16460 then climbed to 16620
The finaly tally was ended 16581.25
Our Indian market was seen underperform despite of global market was higher
Reliance fell 0.4% after the strong rally of 8% in last week
Hdfc twins sustains in last few more sessions
Metal index surged around 1%
VIX sustained around 20-21
FIIs net sold 2397 crore while DIIs net bought 1940 crore
China May services activity contracts for third straight month
Oil prices drop below $120 per barrel on OPEC+ deal
India in talks to increase Russian oil imports from Rosneft
Bitcoin gains over 5% to $31447
US markets ended a choppy session and ended slightly higher on Monday
Dow rose 17 points, S&P500 gained 13 points and Nasdaq added 50 points
Twitter shares slipped 1.5% after Elon Musk said he migh walk away from his buyout
Amazon rose 2% were the biggest positive for the Nasdaq
Asian markets were set to mixed trend in Friday morning trade
US future down more than 150 points
SGXNifty indicates a negative opening for the index due to weak global cues
Also, the street waiting for the outcome of RBI rates, US Inflation and ECB meeting outcome
However, NiftyFuture is facing a intraday resistance 16600, 16630 and 16670
Above levels are strong hurdle for today’s trade!!
On other side, NF can be considered as supports as 16550, 16510 and 16460
Once if breaks and manages below 16460 will try to check 16425 then 16350
More live market update will be sent to my clients only
Updated: 08.35 am / 07th June 2022
