NiftyFuture last close: 15766.25 (-2.8%)
On Monday, What a Scary and Black Monday
NiftyFuture was declined more than 400 points due to weak global cues
NF was opened gap down around 380 points at 15900 then fell to 15673.50 and ended 15766
Sensex was down 1,456.74 points, or 2.68 percent, at 52,846.70
Nifty was down 427.40 points, or 2.64 percent, at 15,774.40
All the sectoral indices ended in the red
Nifty bank, auto, IT, metal and PSU bank falling 2-4% each
Midcap shed 2.7 percent and the smallcap index lost 3 percent
The Indian rupee ended 19 paise lower at 78.03 to a dollar against June 10’s close of 77.84
RBL Bank declined more than 20% and marked all time low
All front line stocks fell 2% to 5%
India retail inflation for May matches at 7.04% vs 7.79%
VIX shot up to 15% at 21.50
Option premium didn’t fall due to high VIX
US markets tumbled on Monday
The S&P500 confirming it is an in a Bear Market
Fears grow that the expected aggressive interest rate hikes by the FED would push the economy in a Recession
US VIX shot up to 25% at 34
Dow Jones down 878 points, Nasdaq slipped 530 points and S&P500 dropped 151 points
Dow Joned was broken recent low 30600 and closed below the level
European markets fell 1.5% to 3%
Asian markets were set to lower opening on Tuesday early trade
US Future marginally higher at 80 points
Crude prices marginally higher around $122 a barrel
NiftyFuture has formed a big bearish candle on 13 June
NF was took support around 15683 which was March 8 low but SGXNifty indicates below the level
However, NiftyFuture can be considered as support as 15675 which was yesterday’s low
If breaks and manages below 15675 will try to check 15620 and 15500 levels
On other side, NF is facing a intraday resistance 15840, 15920 and 16000
Stay caution at higher levels
Updated: 07.30 am / 14th June 2022
