NiftyFuture last close: 15126.50 (+1.3%)
NiftyFuture rallied for a sixth day in a row
Bulls dominate the entire day and benchmark indices to record highs on Feb 8
NF was opened 15068 and went to 15167 then closed at 15138
Nifty50 gained 190 points while Sensex rose 617 points
Action was seen Auto, Telecom, Metals and Banking stocks while selling visible in FMCG stocks
Strong global cues supported the rally
India VIX shot up to 3.5% at 23.50. Once if cool down and holds below 21 then only we see range market. That is the reason Option premium is too high
Bitcoin surged 16% after Tesla investing news. Gained 50% in 2021, Gained 5X from 52 week low
US markets reached all time highs on Monday
Dow Jones rose 237 points and Nasdaq gained 131 points
Asian markets were set to rise on Tuesday
Oil climbs to 13 months highs at $60.85 a barrel
Today focus on Tatasteel, Adaniports, Burgerking, Muthootfinance, and Max
FIIs bought 1876 crore worth of stocks in cash segment while DIIs sold 505 crore
NiftyFuture formed a small bodied bullish candle form on a daily chart and continues to higher highs-higher lows formation of the last six sessions
NiftyFuture is facing a intraday resistance at 15150, 15170 and 15210
If crossover 15210……….. Finding a next resistance at 15260
Today NF considering a supports 15110, 15090 and 15030
Below 15030………. Will try to check 14960……….Don’t short at very lower levels
More live market update will be sent to my clients only
Updated: 08.48 am / 09th Feb 2021
