NiftyFuture last close: 16632.35
The Indian equity market ended almost flattish note on Aug 25 after hitting lifetime high
NF was opened 16650 and went to 16712 then fell and made a low of 16615
NF was seen range with volatile on yesterday
The Sensex was down 14 points while Nifty 50 was up 10 points
Midcap and Smallcap index added 0.5% each
Pharma and Auto stock continued to weak mode
IT stocks looks good and lift the index
Volatility index down 3.5% and sustained 13
FIIs net sold 1071 crore while DIIs net sold 151 crore in cash segment
Idea, Sail, Nalco and NMDC are under F&O ban
US markets ended marginally higher on Wednesday
Asian markets were set to mixed trend on Thursday
SGXNifty indicate a flat opening for the index and likely to witness range with volatile will be expected during August month expiry
NiftyFuture formed a small bodied bearish candle on daily scale but continues forming higher highs and higher lows from last three sessions
As per OI Nifty 16500PE and 16700CE was seen highest OI
Second highest OI was seen 16600PE option so key point is 16600
NiftyFuture is facing a intraday resistance 16650, 16680 and 16720
Above resistance are strong supply zone for today’s trade!!
NF can be considered as supports as 16620, 16600 and 16570
Below 16570 will try to check 16535 levels!!
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.38 am / 26th Aug 2021
