NiftyFuture last close: 17408.10 (-0.5%)
On Wednesday, NiftyFuture was seen heavy selling pressure after 2 PM
NF was opened 17550 and went to 17605 then sustained around 17590 up to 2pm
After 2 PM, NF was slipped from 17600 to 17360. Almost 250 points wiped-out
But, The final tally was Nifty50 declined 88 points and Sensex fell 323 points
Smallcap index gained 0.25% while Midcap index was down 0.5%
Auto, Fmcg, Pharma, IT and Enery index fell 0.5% to 1.5%
Bank index fell more than 500 points from intraday’s high
Volatility fell 3% and ended around 17
Indian GDP to grow 7.8% in Q2, 9.4% in FY22 says Govt official data
Reliance to restructure and repurpose gasfication assets
GST hike to textile and footwear from 5% to 12% effective Jan 2022
Tarsons IPO listing on Nov 26
Escorts and Ibullhsgfin are F&O ban on Nov 25
FIIs net sold 5122 crore while DIIs net bought 3808 crore
US markets ended flat note on 24th Nov
NiftyFuture formed a bearish candle on daily scale
As per OI, Highest OI added in CE side which was indicated further weakness expecting during the day
However, NF is facing a intraday resistance 17430, 17455 and 17500
As per OI strong resistance around 17500, If stays above 17500, will try to check 17550
On other side NF can be considered as supports as 17360, 17300 and 17250
Below 17250…….. Expecting more pain
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Updated: 08.45 am / 25th Nov 2021
