NiftyFuture last close: 17278.05 (-0.1%)
On Friday, NiftyFuture was moved very violently with a range of 400 points
NF was opened 17250 and made a low of 17218 then spiked to 17388 again fell to 17250
The final tally was the Sensex fell 59 points while Nifty50 declined 28 points
Volatility index sustained above 20 level
Metal index fell almost 4% on last week
Midcap and smallcap index lost 2% each
FIIs net sold 2529 crore while DIIs net bought 1929 crore
Escorts, Ibullhsgfin and PNB are under the F&O ban for Feb 21
Oil jumps on fresh warnings over Ukraine-Russia conflict
Brent were up to $1.50% at $95 a barrel
Russia, France agree to work for east Ukraine ceasefire
Joe Biden willing to meet Viladimir Putin
Japan’s Feb factory activity growth falls to 5 month low
US markets ended with negative and ended 2nd straight week of negative
Today US markets closed on account of President’s Day
US Prez Biden accepts in principle meeting Putin if invasion doesn’t happen
Asian markets trade with cuts, Hangseng and Nikkei down more than 100 points
US future trading at 100 points higher
SGXNifty indicates a negative opening for the index
Likely to witness highly volatile will be expected during the day
Niftyfuture formed a small bodied bullish candle which resembles Spinning Top kind of pattern formation on the daily scale
However, NF is facing a intraday resistance 17325 and 17400
If stays above 17400 will move 17450-17500 next strong hurdle levels!!
On other side, NF can be considered as supports as 17220 and 17175
Below 17175 will try to check 17100 and 17040
More live market update will be sent to my clients only
Updated: 08.39 am / 21st Feb 2022
