NiftyFuture last close: 14959.70
NiftyFuture was closed almost flattish note on 16 March but volatility is more
Indian equities was started the day with handsome gains but pressure at higher levels, especially bank index was seen heavy selling pressure
NF was opened 15008 and made a low was 14975 then went to 15085 again dropped up to 14915. Finally closed at 14973
Sensex fell 30 points while the Nifty50 closed 19 points lower at 14910
In March series was opened at 14950 and today NF closed at 14970. Overall 20 points only gained so far in last 13 days
But, In March series high was 15375 and low was 14521
Volatility index fell more than 5% at 20.20
Reliance was sustained 2100 and Hdfcbank was seen selling pressure in last few sessions
US markets ended lower on Tuesday. Dow Jones fell 0.4%, S&P500 lost 0.16% and Nasdaq edged up 0.09%
Nasdaq fell almost 200 points from intraday high
Global markets awaited the result of the Fed two-day policy meeting
Asian markets were set to open mostly lower on Wednesday
FIIs net bought 1692 crore worth of stocks in cash segment while DIIs sold 1168 crore
2 stocks under F&O ban on NSE. Suntv and Bhel
SGXNifty indicate a flat opening for the index and likely to witness volatile will be continues
NiftyFuture was formed a small bodied bearish candle on a daily charts and its weakness for the third consecutive sessions
Today NiftyFuture is facing a intraday resistance 15000, 15040 and 15090
In last two sessions NF struggled around 15080-15100. Hence, stay caution at these levels
Today NF can be considered as supports as 14940, 14905 and 14860
Below 14860…….. expecting bear’s action!!
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Updated: 08.35 am / 17th March 2021
