NiftyFuture last close: 15051.40 (-1%)
Indian market witnessed a volatility trade in last week
NF was opened gap up 15360 and sustained 15330 almost 2 hrs then dropped up to 14961. Again bounced 100 points from day’s low on Friday
NF was dropped almost 400 points from day’s high to low on March 12
In last 10 days index was opened 6 gap up and 4 gap down
FIIs net bought Rs 3327 crore in March so far while they bought 1129 crore in last week
DIIs net sold Rs 1396 crore in March so far and they bought 272 crore in last week
India VIX sustained around 21-22
Industrial production came by 1.6% in January. Meanwhile, retail inflation rose to a 3 month high pf 5.03% in February Vs 4% on Jan
WPI inflation, WPI Food, WPI Fuel and WPI Manufacturing report will be out around 12 pm today
Dow Jones rose 293 points, and Nasdaq dropped 80 points on March 12
Asian markets were set to higher opening on March 15
Bitcoing rises 6.6% to $61074 on March 14 adding $3802 to its previous close
4 stocks under F&O ban on NSE, BHEL, PNB, Sail and Suntv
NiftyFuture weekly trend decider 14860 and 15375
On Friday, NiftyFuture was erased opening gain and lost more than 150 points
NF was formed a big bearish candle on daily chart and a Doji pattern formation on a weekly chart. However, Nifty has closed above 15000 mark
NiftyFuture is facing a intraday resistance 15090, 15125 and 15170
If sustains above 15170………. will try to move 15220. But stay caution at higher levels
Today NF can be considered as supports as 15020 and 14960
Below 14960………… Finding a next support around 14920 and 14860
More live market update will be sent to my clients only
Updated: 08.43 am / 15th March 2021
