NiftyFuture last close: 16298.85 (-0.7%)
On Monday, NiftyFuture was opened gap down 200 points at 16255
Then fell to 16153 again spiked up to 16417 then dropped 16200. Finally ended at 16298
Huge volatile was seen on Monday
Sensex, which sank to the day’s low of 53,918.02,closed at 54,470.67, down 364.91 points or 0.67%
Nifty slipped to 16,142.10 before closing at 16,301.90. down 109.40 points or 0.67%
The Reliance was contributed major points to falling Nifty and contributed 80 points
Nifty metal, energy and PSU Bank fell 2% each, while the FMCG index dragged 1.4%
While IT index recovered from lows and ended on flat note
Midcap and smallcap indices shedding nearly 2% each
LIC Total subscription at 2.94 times on final day
Retail investors portion booked 1.97 times,
Employees 4.36 times, and Policyholders 6.06 times
Oil slips further on demand. Brent crude fell 0.3% to $105.55 a barrel
Bitcoin falls to 22 month low as stock markets tumble
China exports growth hits 2 year low as virus curbs hit factories
Today’s result stocks Asianpaint, Cipla, Idea, Gujgas, Mrf and Ajantapharma
FIIs net sold 3362 crore while DIIs net bought 3077 crore
Gold is at 3 month low
US markets slips for 3rd straight day and indices down 5% to 10% in last 3 sessions
Nasdaq dropped to lowest level since Nov 2020
HangSeng Tech index down 6% after Nasdaq 4% fell
SGXNifty indicates a negative opening for the day
Likely to witness highly volatile will be expected during the day
NiftyFuture is facing a intraday resistance 16275, 16330 and 16420
Stay caution at higher levels!!
On other side, NF can be considered as supports as 16150, 16075 and 16000
Below, 16000 expecting more pain!!
Updated: 08.48 am / 10th May 2022
