NiftyFuture last close: 15332.20 (+1.1%)
Indian equities resumed its bullish mode and gained over 1% to hit fresh record highs on Feb 15
NF was opened gap up at 15250 and slowly went and closed to 15357
Sensex claimed 52000 and index was up 610 points while Nifty50 gained 150 points
Bank index climbed more than 3%
Action was seen Banking stocks, Financials, PSU banks while selling pressure visible IT, metal and energy stocks
Icicibank, Axisbank, Kotakbank, Bajfinance and SBIN did very well
VIX fell more than 2.5% but option premium is too high
Dow future is now higher points of the session after the Holiday of President’s Day
Doller index slipped two weeks low
European stocks closed on higher levels on Monday
Japan’s Nikkei rose 0.4% to a 30 year high
Oil hits 13 month high on Monday
FIIs net bought 1234 crore in cash segment while DIIs sold 1048 crore
NiftyFuture has formed a bullish candle on the daily chart and continued forming higher highs and higher lows since last three sessions
Today NiftyFuture is facing a intraday resistance 15350, 15370 and 15400
Suppose if stays above 15400……….. then will try to move 15460
However, Better to trade intraday and Braveheart traders can hold overnight positions
Today NF considering a supports 15320, 15300 and 15250
Don’t short at very lower levels until 14980.
More live market update will be sent to my clients only
Updated: 08.44 am / 16th Feb 2021
