NiftyFuture last close: 14380.15
NF was started a disappointing to the week on Monday 18th Jan and NF made a low of 14250 and Thursday NF was made a fresh record high at 14765 but profit booking pressured the market in final sessions of the week ended Jan 22
Nifty50 lost 62 points at 14372 while the Sensex fell 156 points and settled at 48878 after hitting a fresh record highs above 50000 mark
Midcap index fell 0.7% and the smallcap index was down 1.4% for the week ended Jan 22
Auto stocks performed very well while banking stocks was seen selling pressure
India VIX sustained around 24……. Maybe this week will cross 27-30 ahead of Budget
Reliance, India’s largest company by market capitalisation has reported a 40.5% growth in consolidated profit at Rs 14894 crore for the Qtr ended Dec 31, 2020
First market will be reacting Reliance and Ultrateccem delivered a above expectation earnings report
FIIs has turned to selling mode on week ended Friday they sold 636 crore however they net bought 21000 crore in the month of Jan so far
SGXNifty indicate a positive opening for the index and likely to witness volatile trade on today
On Friday and formed a bearish candle on the daily chart while the week index was down 0.5% and formed small bodied bearish candle
Today NiftyFuture is facing a intraday resistance 14425, 14460 and 14530
If stays above 14530………. Then will try to check 14580……… But stay caution!!
Today NF finding a supports 14350, 14310 and 14250
Very strong support around 14250………… Last hope for bulls at 14250
More live market update will be sent to my clients only
Updated: 08.48 am / 25th Jan 2021
