NiftyFuture last close: 16183.35 (-0.4%)
On Monday, Niftyfuture was see terrible movements and finally ended 0.4% down
NF was opened 16270 and went to 16350 then slipped to 16200 again shot up to 16400
Again slipped to 16152……. Too much volatile on May 23
Sensex was down 37.78 points or 0.07% at 54,288.61
Nifty was down 51.50 points or 0.32% at 16,214.70
Metal index falling almost 9% due to import duty hike
Nifty Auto and Information Technology indices rose 1 percent each
Midcap and Smallcap indices ended in the red
SEBI allows mutual funds to launch passively-maaged ELSS schemes
ICRA says India’s economic growth may have slowed to 3.5% in Q4 FY22
Today’s result stocks Grasim, Adaniports, BOI, RailTel, Metropolis and MTARTech
FIIs net sold 1951 crore while DIIs net bought 1445 crore
Three stocks under F&O ban Deltacorp, Gnfc and Ibullhsgfin
US markets rallied in Monday’s trade with all the frontline indices gained around 2%
US 10-year yield climbed up to 2.85% as investors look forward to Powell’s speech
European markets ended higher on May 23
Asian markets were set to mixed opening on May 24
SGXNifty indicates a marginal gain
SGXNifty indicates a positive opening for the index
Likely to witness highly volatile will be expected during the day
On open interest side, there is no significant OI on both sides
However, NiftyFuture is facing a intraday resistance 16220 and 16260
Once if breaks and manages above 16260 will try to check 16320-16400
But, Stay caution at higher levels!!
On other side, NF can be considered as supports as 16150, 16110 and 16050
Below 16050 will try to check 15950-15900
More live market update will be sent to my clients only
Updated: 08.41 am / 24th May 2022
