NiftyFuture Feb last close: 16262.50 (-4.8%)
March last close: 16272.70 (-4.96%)
What a terrific Thursday. Bear’s took control on entire day
NiftyFuture was opened gap down at 16800 then fell to 16225
The index slipped 5%. Highest fall since in last two years
Sensex plunged 2700 points to 54530
The Nifty50 closed below 200 DMA (16880) and falling 815 points
Nifty50 closing lowest level since Sept 2, 2021
In last four expiry index was ended negative note
Feb series NF was fell 860 points
Volatility index spiked to 30
Many Nifty50 stocks closing below 200 DMA (Reliance, Eicher, kotakbank,bajajfinance, asianpait, techm, mm, coal,hdcltech and Grasim)
All indices ended deep cut on yesterday from 4% to 8%
PSU bank index fell 8%
Brent Oil shot up to $105
SEBI postpones F&O margin rule implementation to May 2, 2022
FIIs net sold 6447 crore while DIIs net bought 7667 crore
US markets recovered almost 5% from day’s low to high
Nasdaq index recovered 7% from intraday’s low to high
SGXNifty indicate a gap up opening for the index
Likely to witness highly volatile will be expected during the day
However, NiftyFuture is facing a intraday resistance 16375, 16450 and 16525
If stays above 16525 then will move to 16630
On other side, NF considering a supports 16200 and 16080
Below 16080 will try to check 15950-15900
Retail traders better to stay away!!
Updated: 08.52 am / 25th Feb 2022
