NiftyFuture last close: 17404.65
On Monday, Indian equity market ended higher for the third straight session
NF was opened 17380 and went to 17429. Finally ended at 17408
Sensex was up 167 points at 58296 while Nifty50 was gained 54 points at 17377
IT index was helped to lift the index
Wipro, Hcltech and Infy were the top Nifty gainers
Reliance was shot up 4% in morning then seen profit booking
Bank stocks did not well on yesterday
Volatility index sustained around 15
FIIs turned to sell mode they sold 589 crore while DIIs net bought 547 crore
Nationalum and Ibullshsgfin are under F&O ban for Sept 7
US markets ended slightly negative
Dow down75 points, S&P500 ended flat and Nasdaq was up 33 points
Asian markets were set to higher on Tuesday’s trade
NiftyFuture formed a small bodied bullish candle on daily scale and strong bullish candle on weekly scale.
Also formed higher highs and higher lows which is indicating bullish trend
As per OI data 17500ce and followed by 17400ce added more OI
PE there is no significant OI but 17300PE added OI
However, NiftyFuture is facing a intraday resistance 17425 and 17450
If stays above 17450, will try to move 17500
NF can be considered as supports as 17385, 17360 thereafter 17320
More live market update will be sent to my clients only
Updated: 08.40 am / 07th Sept 2021
