NiftyFuture last close: 17362.80 (+1.2%)
On Tuesday, NiftyFuture was turned V shape recovery and ended gain 1.2% gain
NiftyFuture was opened 17140 and fell up to 17051 then seen huge short covering up to 17383
NF was bounced more than 300 points from day’s low
Bank index gained more than 1000 points from day’s low
Volatility index fell 4% and settled around 24-25
Option premium seems high despite VIX sustained around 24
Petrol and Diesel retail prices raised by 80 paise in 2nd straight hike
Oil edges lower as EU looks less likely to ban Russian oil
Bitcoin climbs to highest in almost three weeks
FIIs net bought 384 crore while DIIs net sold 602 crore on March 23
Five stocks under F&O ban: Balramchin, Deltacorp, GNFC, Ibullhsgfin and Suntv
US markets ended higher on March 22
Dow gained 0.75%, S&P 500 gained 1.1% and Nasdaq added nearly 2%
Apple, Microsoft, Amazon and Meta rallied and helped to lift the Nasdaq index
Asian markets led gains in Wednesday early trade
Nikkei rose 2.5% and Topix index advanced 1.90%
SGXNifty indicates a positive opening for the index
NiftyFuture formed a bullish candle on Tuesday
As per OI, 17500CE, 17600cE added more OI and PE side 17000PE added more OI
However, NiftyFuture is facing a intraday resistance 17400 and 17455
Once if breaks and manages above 17455 will try to check 17525
On other side, NF can be considered as supports as 17330, 17300 and 17260
Updated: 08.30 am / 23rd March 2022
