NiftyFuture last close : 17627.20 (-1.1%)
The Indian equity market was trapped after 2 days winning streak
NF was opened 17840 and went to 17865 then slipped to 17603
The final tally was Sensex fell 555 points while Nifty50 down 176 points
Investors worried about US inflation and high crude price
Metal index fell 3% and Smallcap, midcap index fell 1% each
IT and Pharma index fell 0.75% to 1.25%
FIIs net sold 802 crore while DIIs net sold 998 crore in cash segment
Five stocks under F&O ban- Canbank, Ibullshsgfin, Nationalum, Pnb and Sail
US 10 year bond yields fell from three months peaks on Wednesday
Govt may allow 20% foreign investment in Lic IPO
US markets rebounded on Wednesday
Dow rose 0.3% and Nasadaq added 0.47%
Asian markets were set to higher on Thursday morning trade
SGXNifty indicate a gap up opening for the index and likely to witness volatility will be expected during the due to weekly expiry
NiftyFuture is facing a intraday resistance 17675, 17710 and 17760
If sustains above 17760 will try to move 17810
On other side NF considering a supports 17650, 17625 and 17600
Below 17600……. Expecting more pain!!
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Updated: 08.50 am / 07th Oct 2021
