NiftyFuture last close: 14869.55
Indian equities was rebounded in the first week of May which was helped global cues, RBI’s further liquidity measures for Covid-19 and improved vaccination drives
The Nifty50 was climbed 190 points at 14823 while the Sensex was up 425 points to 49206 during the week
The broader markets Mid-cap index gained 1.45% and Small-cap index surged 2.55%
NF was opened on 14835 and made a low of 14803 then went to 14908 on Friday
HDFC was helped to lift the index on last one hour
VIX fell more then 3% and option premium melting
US markets Dow and S&P500 hit record high on Friday
Dow shot up to 229 points, S&P500 added 30 points and Nasdaq climbed 120 points
Asian markets were set to higher opening on Monday
FIIs net sold Rs 5092 crore worth of equities whereas DIIs net bought Rs 2135 crore
SGXNifty indicate a gap up opening for the index and likely to witness range bound trade will be expected during the day
NiftyFuture Trend Decider 15050 and 14450 for the 2nd week of May 2021
Today NiftyFuture is facing a intraday resistance 14925, 14960 and 15000
Once if breaks and manages above 15000, Finding a next resistance 15055
Thereafter expecting more bulls action!!
Today NF can be considered as supports as 14850, 14820 and 14770
Don’t short at very lower levels
More live market update will be sent to my clients only
Updated: 08.34 am / 10th May 2021
