NiftyFuture last close: 14645.70
On Friday, NiftyFuture was opened 14605 and shot up to 14733 then slipped to 14650
In last 30 minutes NF was fell more than 75 points on last session
The market fell for the second consecutive week amid investors worries about over economic and many states increased restrictions to control the spread of Covid-19
More profit booking was seen smallcap and midcap index was fell 2.90% and 2.7% respectively
Buying action visible in pharma stocks only and other sectors was seen selling pressure
The market will first react to HDFCBANK’s March quarter earnings
FIIs have turned to net sellers in the month of April. They have net sold Rs 2598 crore worth of stocks this month so far
On other side, DIIs continued to be support to markets and they bought Rs 1736 crore
The Big worries is the second wave of Covid-19 cases. India reported more than 2.5 lakh new cases on April 17 for the last 24 hrs. Many states tighten the restrictions
US markets ended higher on Friday. Dow rose 165 points and Nasdaq added 14 points
Asian markets were set to mixed trend on Monday’s opening
Today ACC, Iciciprudentioal life, Bajajconsumer to be announced their earnings report
NiftyFuture Trend Decider For The April 4th Week at 14735 and 14340
SGXNifty indicate a gap down opening for the index and likely to witness highly volatile will be expected during the day
NF was fell more than 200-300 points in past 4 Monday’s trade today also.
Now, NF can be considered as supports as 14560, 14520 and 14480
If stays below 14480……….. Then will try to check 14420 and 14370
NF is facing a intraday resistance 14600, 14650 and 14730
Stay caution at higher levels!!
More live market update will be sent to my clients only
Updated: 08.49 am / 19th April 2021
