NiftyFuture last close: 14555.30 (-1.9%)
Indian markets was seen selling pressure on 24 March amid weak global cues and fears of second wave of Covid-19
NF was opened 14733 and slowly melting up to 14535 and settled at 14569
Index opened negative and remained under selling pressure for entire day as every small bounce being sold
Sensex was down more than 850 points at 49180 and Nifty50 fell 265 points at 14549
Selling pressure visible in all sectors. PSU Banks index slipped 3%, Midcap and Smallcap index fell 1.5%
Pharma stocks outperform on yesterday
The Nifty Mar expiry rollover is at 63.64% on Wednesday compared to 54.09% on same day of previous expiry
The Market wide Mar expiry rollover is at 63.65% on Wednesday as compared to 72.21% on same day of previous expiry
Highest rollover in current expiry: Chemicals, Cement, FMCG, Technology and Textile
Lowest rollover in current expiry: Telecom, Metals, Realty, Oil & Gas and Automobile
India VIX index spiked more than 8%
Option premium was seen too high on yesterday
US markets closed lower on Wednesday. Dow Jones fell 5 points and Nasdaq fell 265 points
Asian markets were set to opened mixed trend on Thursday
Oil prices slide around 2% and settled at $63.27 a barrel
FIIs net sold 1951 crore while DIIs bought 613 crore in cash segment
SGXNifty indicate a flat opening for the index and likely to witness heavy volatile will be expected during the day due to monthly expiry
Today NiftyFuture is facing a intraday resistance 14590, 14625 and 14680
If stays above 14680……….. Expecting next resistance around 14750
NF can be considered as supports as 14515 and 14480
Below 14480………… Further weakness expected up to 14420-14370
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Updated: 08.54 am / 25th March 2021
