NiftyFuture last close: 16620.25 (+0.8%)
The Indian equity market ended higher for the second consecutive session on Aug 24
NF was opened 16555 and made a low was 16495 then went to 16643
Nifty was up 129 points while Sensex was up 400 points
Smallcap and Midcap index rose 1% each
Bajaj twins and Hdfcbank lift the index
Hdfcbank, Icicibank, Axisbank and SBIN did very well
Volatility index sustained 13.20
Rakesh Jhunijhunwala added share holding 1.59% in Canarabank
Brent Oil rose 3% on Tuesday at $71.05 a barrel
FIIs net sold 1644 crore while DIIs net bought 2380 crore in cash segment
4 stocks under F&O ban, Canbank, Idea, Nmdc and Sail
US markets ended higher on Tuesday’s trade
Dow Jones rose 30 points, S&P500 gained 7 points and Nasdaq added 77 points
Asian markets were set to higher on Wednesday’s trade
NiftyFuture formed a bullish candle on the daily scale with a long lower shadow which was indicated declines being bought in
As per Open Interest highest OI was seen 16500PE and 16700CE 16800CE
Today NiftyFuture is facing a intraday resistance 16645, 16660 and 16690
If sustains above 16690 will try to move 16730
NF can be considered as supports as 16590, 16560 and 16535
Major support around 16500
Don’t short at very lower levels!!
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Updated: 08.31 am / 25th Aug 2021
