NiftyFuture last close: 14969 (+0.1%)
Indian markets snapped its two-day losing streak but profit taking was seen at higher levels on March 8
NF was opened 15000 and went to 15140 then slipped 14927. Finally settled at 14978
NF was seen range with volatility on March 8
Sector wise action was seen energy, metals, media and IT stocks while selling pressure visible FMCG and financial stocks
India VIX fell almost 3% but premium is too high
Oil prices were nearby record highs following geopolitical issue in Gulf country
US markets ended with mixed trend. Dow Jones gained 0.95%, S&P500 lost 0.54% and Nasdaq slipped 2.41%
Nasdaq is dropped more than 10% from its Feb 12 record close
Asian markets were set for a strong opening on Tuesday
Oil prices dropped from peak above $70 a barrel
FIIs sold 1494 crore value of shares in cash segment while DIIs bought 484 crore
5 stocks under F&O ban. BOB, BHEL, PNB, Sail and Suntv
SGXNifty indicate a positive opening for the index above 15000 mark
NF formed a small bodied bearish candle on a daily chart which indicates limited upside and downside
NF is facing a intraday resistance at 15025 and 15085, If sustains above 15085 then will try to check 15140 and 15185
Stay caution at higher levels!!
NF is considering a supports as 14950 and 14920
Below 14920……… expecting further weakness up to 14850
Don’t short at very lower levels
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Updated: 08.44 am / 09th March 2021