NiftyFuture last close: 14933.25
Global cues was not supported to Indian equities and spoiled the local sentiment on May 20, 2021
NF was opened 15040 and went to 15085 but unable to maintains at opening level and dropped up to 14911. Finally NiftyFuture settled at 14940
The Sensex fell 337 points to 49564 while the Nifty50 dropped below 15000 to close 125 points lower
When our market closed US future was down more than 200 points
Sector wise action was seen reality and consumer durables while selling pressure was seen metals, banks and oil& gas
Especially metal stocks seen huge profit booking on yesterday’s trade
VIX index sustained below 20 levels
SGXNifty fell 75 points from intraday high but now trading 70+ around 15020
Today’s result stocks, SBIN, Hindalco, Jswsteel, Shreecement and Godrejind
Six stocks under ban in f&o. Bhel, Cadila, JSPL, Nalco, PNB and Sail
US market ended at higher levels on Thursday
Dow Jones rose 188 points, S&P500 gained 43 points and Nasdaq added 236 points
Asian markets were set to higher opening on Friday
FIIs net bought 71 crore while DIIs sold 876 crore in cash segment
SGXNifty indicate a positive opening for the index
NiftyFuture formed a bearish candle on daily scale but sentiment looking positive
However, NF is facing a intraday resistance 14980 and 15030
If stays above 15030, Then will try to move yesterday’s high 15085
Today NF considering a supports 14945, 14910 and 14880
Below 14880……… Finding a next support around 14830
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.43 am / 21st May 2021
