Dalal Street Week Ahead: #NiftyFuture Outlook For March 1st Week

NiftyFuture last close: 14578.45 (-3.5%)

Indian equity market witnessed strong profit booking in the second part of the week due to geopolitical tensions, rising bong yields, and rising Covid-19 virus cases

The Sensex fell 3.5% and Nifty50 declined 3% for the week ended Feb 26 while Small-cap index gained 1.4% and Midcap index dropped 0.3%

On 26th Feb game changer day and was seen all round selling pressure Nifty and Sensex dropped more than 3.5% while Bank index fell more than 4.5% in single day

Especially Financial stocks, Private banks, and PSU banks fell up to 5% on 26th Feb

The highest points declined in Indian indices since the 4th May 2020

On Friday after market hours came India’s GDP numbers which was slightly missed the expectations however, real estate and construction was seen strong growth on GDP data

Crude oil is also trading above $60 per barrel. If rise further price in crude it will impact more to Indian economy like automobile, aviation, logistics and paint company

Auto sales data will start in from 1st March and focus on auto stocks

On the macro economic data, Markit manufacturing PMI and export, import data will be scheduled on 1 March

Covid-19 cases rising in Maharastra, Kerala, Rajasthan and MP which is another trouble for market

FIIs huge unwinding of Rs 8295 crore value of stocks on 26 Feb however they bought Rs 42044 crore in Feb month (including block deal of Rs 30,000cr) so deduct block deal they contribute net Rs 12044 crore in Feb month

DIIs bought Rs 1499 crore on 26th Feb and they net sold Rs 16358 crore in Feb month

NiftyFuture Trend Decider For The 1st Week Of March: 14480 and 15000

NiftyFuture has formed a strong bearish candle on daily charts as well as weekly chart

NF has breached its recent swing low of 14640 on a closing basis

As per technical chart, NF facing a resistance 14750, 14870 and 15000, these last two resistance will act stiff hurdle on coming week

If comes above levels can unwind your positions and can do fresh shorts!!

On other hand, NF considering a supports is 14480 which was 2nd days of Budget low

NF if breaks and closed below the level (14480), expecting further non stop weakness up to 14200 and 13700

Next strong support around 13700 which was Budget day low

(Traders……… Don’t forget my point: Sell on rise, avoid fresh buying at higher levels, NF if breaks support expecting further weakness.)

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Updated: 10.22 am / 28th Feb 2021

26th Feb 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture Feb last close: 15100.55

March last close: 15169.50

NiftyFuture March series closed with a premium of 72 points

On 25th Feb, NF was opened gap up at 15078 and went to 15180 then settled at 15100

Today, March series opening with huge gap down

Do you know ? On 2020 March new series also was opened gap down and closed more than 4%, Wait and see……. what will happened today ?

Yesterday, Reliance was given good support to Nifty and stock spiked 4%

US markets indices tumbled on Thursday and Nasdaq index declined 3.5% largest fall in four months

Dow Jones down 560 points or 1.75% and S&P500 fell 96 points to 2.45%

US VIX shot up more than 30%

India VIX maybe spike 15% to 25% and option premium will be increasing!!

Asian markets opened sharply lower on Friday

RailTel to list today which was subscribed 42.4 times. It was a complete offer for sale by the Govt and all money will go to the govt

FIIs net bought 188 crore in cash segment whereas DIIs sold 746 crore

SGXNifty indicating a gap down opening for the the index and likely to witness volatility will be continued during the day

Today NiftyFuture can be considered as supports as 14960, 14920 and 14850

If sustains below 14850 then will expecting further weakness up to 14775

On other hand, NF is facing intraday resistance 15000, 15030 and 15080

If there is any bounce can create short selling………Yesterday’s high is strong resistance for coming days!!

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Updated: 08.46 am / 26th Feb 2021

26th Feb 2021 #BankniftyFuture Intraday Levels

BankniftyFuture Feb last close: 36555

March last close: 36719.70

BankniftyFuture March series closed with a premium of 170 points

On 25th Feb, BNF was opened gap up and went to 37243 then was seen profit booking and slipped to 36482. Finally closed at 36555

BankniftyFut was seen huge volatility despite of VIX falling

Icicibank, Hdfcbank and Kotakbank visible selling pressure

Weekly expiry ATM straddle price was closed around 1150, Maybe will spike today

SGXNifty indicating huge gap down more than 250 points and BNF also followed 300-500 points gap down

However, Let’s see technical levels

BankniftyFuture March series ended with 170 points premium at 36720

Now, BNF is considering a supports 36320, 36100 and 35900

Other side, BNF is facing a intraday resistance 36500, 36720 and 36900 (chances are remote only)

Suppose if there is any bounce likes 36500 to 36800 can sell freshly!!

More live market update will sent to my clients only

Updated: 08.25 am / 26th Feb 2021