NiftyFuture last close: 14403.60 (+0.8%)
NiftyFuture was opened more than 75 points down and recovered entire loss and closed green territory
NF was opened 14200 and made a low was 14155 then seen sharp bounce-back to 14434
Indian markets recovered on the back of positive global cues and development on vaccination drive
Bulls pushed the Sensex 374 points gained to 48080 while Nifty50 rose 109 points to 14406
Sector wise action was seen Banking, Finance, Metals and Reality while profit booking visible IT and FMCG
NiftyFuture many times took support around 14200. Yesterday too bounced from 14150 to 14400
ICICIBank will be declaring earnings report on tomorrow
VIX index spiked almost 2% and option premium was seen too high
US markets fell sharply after Biden announced will propose a sharp increase to capital gains
Dow fell 321 points, S&P500 fell 38 points and Nasdaq dropped 131 points
Asian markets were set to lower following an drop on US markets
Today following company going to declare earnings reports, Hcltech, Ibrealest, and M&MFin
FIIs net sold 909 crore while DIIs bought 850 crore in cash segment
SGXNifty indicate a negative opening for the index and likely to witness high volatile during the day
NiftyFuture has formed a bullish candle on a daily scale and closed above last two day’s close
Today NiftyFuture is facing a intraday resistance 14430, 14455 and 14500
Above three resistance are hurdle for today’s trade!!
(Last more than three weeks Friday’s afternoon seen sharp selling pressure and last 3-4 Monday was opened gap down. Note it)
Today NF can be considered as supports as 14350, 14310 and 14250
Below 14250………. Will try to check 14190
More live market update will be sent to my clients only
Updated: 08.57 am / 23rd April 2021