Nifty last close: 17554.30 (-1.5%)
The Indian equity benchmarks ended 1.5 percent lower on February 22
The equity market was seen profit booking extended for the fourth session
The market’s biggest single-day fall in two months wiped out Rs 3.7 lakh crore of investors’ wealth
Nifty was opened 17770 then fell to 17530 and ended 17554
Sensex ended 927.74 points, or 1.53 percent, down at 59,744.98
Nifty 272.40 points, or 1.53 percent, lower at 17,554.30
midcap and the smallcap shed a percent each
Nifty auto, bank, energy, infra, IT, PSU Bank and metal down 1-2%
VIX shot up 7% to around 15.50
FIIs net sold 580 crore while DIIs net bought 371 crore on Feb 22
China reports magnitude 7.3 earthquake in Tajikistan near China border
US future higher following a mixed close for the cash market
US markets ended mixed trend after Hawkish fed Feb meet minutes
Dow slipped to 0.3% and Nasdaq gained 0.13%
S&P500 ended flat note
US 10-year yield softens to 3.92% from 3.96%
Crude falls to lowest level in 2-weeks on recession fears
Brent crude settled around $81/bbl
Gold prices decline to $1825/oz
Dollar index shot up to 104.50 from 104
Asian market higher in early trade
Hangseng up 0.2% and Kospi up 1.2%
SGXNifty indicates positive opening for the index
Likely to witnessed highly volatile will be expected during the day
Nifty is facing a intraday resistance 17590 and 17625
If breaks and manages above 17625 finding a next resistance 17685
On other side, Nifty can be considered as supports as 17530 and 17485
Below 17485 finding a next support around 17400
Updated: 08.45 am / 23rd Feb 2023
