NiftyFuture last close: 15872.20 (-2.4%)
On Monday, NiftyFuture was fell more than 2% and broken strong support zone 16000
NF was opened 15900 then fell to 15711 and settled at 15872
In last 45 minutes recovered almost 150 points from day’s low
All index fell 2% to 5% except Metal, Telecom and Oil&gas
Ongc spiked more than 13%
Volatility index sustained around 29-30
Bank index fell 4%
Brent Oil hit more than $139 a barrel, its highest level since 2008
Nickel prices rallied 90% and Gold broken through $2000 an ounce
Wheat jumped to a 14 year high
Indian Rupee plummets 84 paise to all time low of 77.01/ USD amid Ukraine crisis
FIIs net sold 7482 crore while DIIs net bought 5331 crore
US markets fell sharply on Monday
Nasdaq ended down 20% from its November 19 record highs
Dow fell 797 points, S&P500 lost 128 points and Nasdaq dropped 482 points
Asian markets were set to lowest opening on Tuesday’s early trade
SGXNifty indicates a negative opening for the index
Likely to witness too volatile will be expected during the day due to geo-political tension
As per open interest indicated 16000CE added more OI and 15500PE added more OI
However, NiftyFuture can be considered as supports as 15830, 15780 and 15710
Once if breaks and holds below 15710 will try to check 15650 and 15600
NF is facing a intraday resistance at 15900, 15940 and 16000
Above 16000, will try to check 16140
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Updated: 08.29 am / 08th March 2022
