NiftyFuture last close: 14953.05 (-1%)
NiftyFuture was opened gap down 150 points and made a low was 14861 then recovered almost 100 points to settled at 14953 on Friday
In last 7 sessions, 4 gap up and 3 gap down. That is the reason option premium is too high
In last week, Benchmark indices rising over 2.7% while Sensex added 2.6% to end at 50405
The broader markets outperformed with the Midcap gained 3.5% and the Smallcap indices added around 4%
FIIs bought net bought Rs 2200 crore of Indian equities in the week ended March 5 while DIIs sold Rs 2635 crore
India VIX also higher on Friday
Dow Jones rose 447 points, S&P500 gained 60 points and Nasdaq surged 147%
Asian markets rallied on Monday
5 stocks under F&O ban on NSE, Bob, Bhel, PNB, Sail and Suntv
SGXNifty indicate a gap up opening for the index and likely to witness volatile trade during the day
Today NiftyFuture is facing a intraday resistance at 15030, 15060 and 15110
If breaks and sustains above 15110 then will try to move 15160
NF can be considered as supports as 14950, 14920 and 14860
Don’t short at very lower levels
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Updated: 08.50 am / 08th March 2021
