NiftyFuture last close: 14888 (+0.8%)
Indian markets rose for the second day in a row on April 7, 2021
NiftyFuture was opened 14750 and made a low of 14701 then spiked up to 14950
Finally erased almost 70 points from intraday high to closing rate
Helped positive global cues and RBI assuring sufficient liquidity to the financial markets
The final tally was Sensex rallied 460 points to close at 49661 while the Nifty50 ended 135 points to 14819
Buying was seen in auto, banks, telecom and metals while the selling pressure visible power stocks
In last 16 sessions NiftyFuture was trading range between 14260 to 15080 with volatility
US markets almost flat closing on Wednesday
Asian markets were set to higher opening on Thursday
Oil inched higher on Wednesday on improving global economic outlook and Brent crude settled at $63.16 a barrel up 42 cents
FIIs net bought 227 crore in cash segment and DIIs also bought 381 crore
Today’s NiftyFuture supports and resistance levels will be sent to my clients only
Noon update will post around 12.30 pm…….. be patient!!
Updated: 08.44 am / 08th April 2021