NiftyFuture last close: 14598.65
What a day for Sensex to hit 50000 on the 21st day of the 21st year, of the 21st Century
Indian market hit a fresh record high on 21 Jan but unable to hold the gain on entire day
In last 90 minutes bears took control on Dalal street and Index fell more than 250 points from day’s high
NiftyFuture was opened at 14711 and went to 14765.45 then sustained 14730-14750 almost 2-3 hours
After 2 pm………… Bears have entered aggressively and index 14765 to 14508. Then recovered almost 100 points from day’s low
Sensex closed in the red after hitting 50000 mark. Sensex ended 165 points lower while the Nifty was down 55 points at 14590
The action was seen capital good and consumer durables while profit booking was visible telecom, public sector stocks and metals
Reliance was surged from 1900 to 2100 past 4 sessions while company will be declaring earnings report on post market hours today
India VIX shot up in last 1 hour to +2.5% from -5%
US markets closed with mixed. Dow Jones fell 12 points and Nasdaq gained 74 points
Asian markets eased from record highs on Friday
Today focus on Reliance, Hdfclife, Sbilife, Centurytex, Jswsteel, and Indianbank
FIIs net bought 1615 crore worth of stocks in cash segment whereas DIIs sold 1039 crore
SGXNifty indicate a negative opening for the index and likely to witness volatile trade expected during the day
NiftyFuture has formed an hanging man chart pattern which indicates a volatile swing in the market that could continue in the run-up to the budget 2021
NiftyFuture is facing a intraday resistance 14625, 14640 and 14680
Stay caution at higher levels………
Today NF considering a supports 14550, 14525 and 14500
Below 14500………. Then will try to check next support around 14450
More live market update will be sent to my clients only
Updated: 08.52 am / 22nd Jan 2021
