NiftyFuture last close: 17260.80 (-0.5%)
On Wednesday, NiftyFuture was seen highly volatile not even yesterday like everyday
NF was opened 17340 then fell to 17230 and shot up to 17300 then 17230 again shot up to 17350 then fell to 17250
Very worst movement
The final tally was Sensex down 330 points and Nifty was down 103 points
Midcap and small-cap index fell 0.25% to 0.5%
IT, Realty, Metal and Psubank fell 1%
Volatility index sustained around 17.50
I recommended selling alert NF and booked almost 70 points profit
As well as recommended PE and booked 50 points profits
Fed leaves rate unchanged at 0.00-0.25%
Fed signals three rate hikes by the end of 2022
Fed declares inflation as the big risk globally
Fed to double the pace of taper to $30 Bn a month
Nasdaq was up 2%, Dow was up 1.09%
US 10 yesr yield higher as Fed indicates 3 rate hikes next year
Asian markets were set to higher opening for Thursday
FIIs net sold 3407 crore while DIIS net bought 1553 crore
SGXNifty indicates a gap up opening for the index
Likely to witness highly volatile will be expected during the day
NiftyFuture formed a lower lows and lower highs in last three sessions
However, NF is facing a intraday resistance 17325, 17350 and 17400
Hurdle resistance around 17400. Stay caution at higher levels!!
On other side, NF can be considered as supports as 17240 and 17200
Below 17200…… Expecting more weakness
More live market update will be sent to my clients only
Updated: 08.44 am / 16th Dec 2021
