NiftyFuture Feb last close: 15100.55
March last close: 15169.50
NiftyFuture March series closed with a premium of 72 points
On 25th Feb, NF was opened gap up at 15078 and went to 15180 then settled at 15100
Today, March series opening with huge gap down
Do you know ? On 2020 March new series also was opened gap down and closed more than 4%, Wait and see……. what will happened today ?
Yesterday, Reliance was given good support to Nifty and stock spiked 4%
US markets indices tumbled on Thursday and Nasdaq index declined 3.5% largest fall in four months
Dow Jones down 560 points or 1.75% and S&P500 fell 96 points to 2.45%
US VIX shot up more than 30%
India VIX maybe spike 15% to 25% and option premium will be increasing!!
Asian markets opened sharply lower on Friday
RailTel to list today which was subscribed 42.4 times. It was a complete offer for sale by the Govt and all money will go to the govt
FIIs net bought 188 crore in cash segment whereas DIIs sold 746 crore
SGXNifty indicating a gap down opening for the the index and likely to witness volatility will be continued during the day
Today NiftyFuture can be considered as supports as 14960, 14920 and 14850
If sustains below 14850 then will expecting further weakness up to 14775
On other hand, NF is facing intraday resistance 15000, 15030 and 15080
If there is any bounce can create short selling………Yesterday’s high is strong resistance for coming days!!
More live market update will be sent to my clients only
Updated: 08.46 am / 26th Feb 2021
