NiftyFuture last close: 15786.60 (-0.2%)
On Friday, NiftyFuture was unable to sustained opening level and fell 0.2%
NF was opened 15970 and went to 16091 up to 2pm
After 2 pm bears entered and NF dropped almost 350 points from 16091 to 15744
On last week, Sensex declined 2,041.96 points, or 3.72%
Nifty50 shed 629.05 points (3.83%) to end at 15,782.20 levels
Small-cap index fell 6.5%, Mid-cap Index lost 5.6%, and Large-cap Index shed 4.4%
Metal and Power indices falling 13%, Telecom index shed 6.7%
Realty index declined 5.8% on last week
FII sold equities worth of Rs 19,967.57 crore, while DIIs bought equities worth of Rs 18,202.10 crore
However, in the month of May till now FIIs sold equities worth Rs 32,701.03 crore and DIIs purchased equities worth Rs 26,735.36 crore
Oil jumps 4% as US gasoline prices hit record high
Brent crude to settle around $111.55 a barrel
Today’s result stocks Bharatforg, MCX, and Raymond
Adani to buy Holcim’s stake in Ambuja cements and ACC for $10.5 billion
Three stocks under F&O ban- Gnfc, Ibullshsgfin and Pnb
US futures erase gains and Dow Future slip nearly 300 points from day’s high
US markets saw a relief rally on Friday
Nasdaq index gained 3.82% posted its strongest one-day gain since Nov 2020
Asian markets erase gains following weak China industrial output at -2.9% YoY
SGXNifty still in the green but it down more than 150 points from day’s high
NiftyFuture This Week Trend Decider 15670 and 16100
Today NiftyFuture is facing a intraday resistance 15850, 15900 and 16000
Stay caution at higher levels!!
On flip side, NF can be considered as supports as 15725 and 15670
Below 15670, expect panic selling (Like bottom fishing) up to 15600-15500
Updated: 08.46 am / 16th May 2022
