NiftyFuture last close: 16258.95 (-1.5%)
On Friday, NiftyFuture was opened gap down at 16305 and fell to 16152 again shot up to 16480 then fell to 16250
Do you know ? NiftyFuture was moved more than 500 points on that day
Not even Friday, everyday NiftyFuture was moved almost 400-700 points
On last, Sensex fell 1,524.71 points (2.72 percent) to end at 54,333.81
while the Nifty50 shed 413 points (2.47 percent) to end at 16,245.4 levels last week
Mid-cap Index shed 2.3 percent & Small-cap index was down 0.6 percent
Large-cap Index fell 2 percent
BSE Auto index slipped nearly 9 percent
Bank down 5.5 percent, Telecom and Realty down 4 percent each
On the other hand, the Metal index rose 8 percent and Oil & Gas added nearly 5 percent
Foreign institutional investors (FIIs) sold equities worth of Rs 22,563.08 crore and
Domestic institutional investors (DIIs) bought equities worth of Rs 16,742.75 crore last week
Oil prices surges to highest since 2008 in delays in Iranian talks
Brent crude rose $11.50 to $129.80 a barrel
China lowers GDP target to 5.5% for 2022
Global data cuts Indian economy growth forecast for 2022 amid Russia-Ukarine crisis
IMF says “War in Ukraine will have severe impact on global economy
Dow future down more than 400 points on Monday early trade
Asian markets were set to huge down around 3% to 5%
This week trend decider 16100 and 16600
SGXNifty indicates a huge cut around 400 points for the index
However, NiftyFuture can be considered as supports as 16100, 15950 and 15800
Once if breaks and holds below 15800 will try to check 15650-15500 which was 9 months consolidation range!!
Nothing to say resistance zone!!
Updated: 08.45 am / 07th March 2022
