NiftyFuture last close: 16365.70 (+2.2%)
The Indian benchmark indices extended gain for the second day on March 9
The Niftyfuture was opened 16065 and went to 16422.35
The final tally was Sensex was gained 1223 points to 54647
Nifty50 was up 332 points to 16345
Except metal, all other sectoral indices ended in the green
Auto, Bank, Fmcg,It and Pharma indices up 1% to 2.5% on March 9
Midcap and Smallcap index rose 2% each
Volatility index sustained around 27
Oil prices fell on Wednesday and settled down $16.85 a barrel or 13%
Gold prices fell over 3.5%
FIIs net sold 4818 crore while DIIs net bought 3275 crore
Today focus on 5 states election results & US inflation data
US markets rallied more than 2% on March 9
Dow gained 2%, S&P500 rose 2.57% and Nasdaq added 3.6%
Europe markets gained more than 4% to 7%
Asian markets were set to higher opening on Thursday early trade
NiftyFuture formed a big bullish candle on yesterday
While updating SGXNifty indicating huge gap up like around 16600
Likely to witness highly volatile will be expected during the day!!
NiftyFuture is facing a intraday resistance 16450-16500
Once if breaks and holds above 16500 will try to check 16625 and 16700-16750
Overall strong resistance zone 16825
NF considering a supports 16400, 16350 and 16200
Updated: 08.46 am / 10th March 2022
