NiftyFuture last close: 15790.20
India market snaps 4 day winning streak on Wednesday and ended in the red
Investors fear ahead of the outcome of the US FED meeting later today
NF was opened 15859 and fell up to 15766.15. Finally settled around day’s low
The final tally was Sensex down 0.7% and Nifty50 down 100 points
Sector wise action was seen FMCG and IT stocks while profit booking was seen banks, metals and power stocks
Once again Adani group of stock fell more than 5% to 10%
VIX sustained 15
FED kept interest rates unchanged but raised its inflation and GDP forecast
Also FED signalled two rate hikes in 2023 and gradual tapering of bond buying program
Dow was down 0.77%, S&P500 down 0.55% and Nasdaq down 0.25%
Asian markets were mostly lower in Thursday morning trade
Today Powergrid, Natcopharma and J&Kbank will be declaring earnings report
FIIs net sold 870 crore while DIIs sold 875 crore in cash segment
Six stocks under ban, Adaniports, Bhel, Canbank, Escorts, Nalco and PNB
SGXNifty indicate a gap down opening for the index ahead of global market down
NiftyFuture was formed a bearish candle on the daily chart. However NF has got a good support around 15600 in last 10 days.
Today NiftyFuture can be considering a supports 15740, 15700 and 15650
If sustains below 15650, Then will try to check 15590 which was 10 day’s support
NF facing a intraday resistance 15790 and 15840
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Updated: 08.40 am / 17th June 2021
