NiftyFuture last close: 17370.90
On Wednesday, NiftyFuture was opened 17400 then fell and broken previous day’s low 17300 again shot up to 17380
In last two sessions, index was broken previous day’s lows
NF was consolidated around 17350-17450
The net tally was Nifty50 declined 8 points while the Sensex fell 30 points
Bank stock did well on yesterday
Especially Kotakbank gained more than 3% on yesterday
Heavy weight Reliance sustained 2430
FIIs net sold 802 crore while DIIs net bought 60 lakhs (very surprising) in cash segment
Three stocks under F&O ban. IRCTC, Ibullhsgfin and Nationalum
On global side, US markets continue downtick after lower cash session on Wednesday
Dow slips for third consecutive session the index was down 68 points
Nasdaq underperform other US indices on Wednesday
European markets close lower on Wednesday
While updating SGXNifty indicates 50 points down for the index and likely to witness volatile session during the day
NiftyFuture formed the hanging man type of pattern which was indicating caution at higher levels
NiftyFuture is facing a intraday resistance 17395, 17420 and 17450
Stay caution at higher levels!!
NF can be considered as supports as 17345, 17310 and 17275
Updated: 08.50 am / 09th Sept 2021
