NiftyFuture last close: 17242.80 (-0.2%)
What a terrific Thursday!!
Very huge volatility on weekly expiry day
NiftyFuture was opened 17150 and went to 17339 again fell 17150 then shot up to 17250
In last five sessions NF was seen volatility with a range of 17100 to 17450
The final tally was Sensex was down 89 points while Nifty50 fell 23 points
Bank index declined more than 600 points
Volatility index sustained around 23-25
Kotakbank, Hdfcbank and Icicibank did not well and declined 2% to 4%
Reliance did very well and contributed more than 30 points to lift the index
Brent crude fell about a $1.08 and settled at $117.95 a barrel
UN Reported : India’s 2022 GDP growth downgraded to 4.6% due to ongoing war
FIIs net sold 1740 crore while DIIs net bought 2091 crore
Seven stocks under F&O ban. Balramchin, Deltacorp, Ibullshsgfin, Idea, L&TFin, Sail, and Suntv
Dow Jones rose 350 points and Nasdaq gained 63 points
NiftyFuture is facing a intraday resistance 17285 and 17310
If breaks and manages above 17310 will try to check 17370-174000
But, Stay caution at higher levels!!
On other side, NF can be considered as supports as 17200, 17175 and 17120
Below 17170, will take next support around 17030 (200 DMA)
Updated: 08.51 am / 25th March 2022
