NiftyFuture last close: 16013.80 (-0.6%)
On Wednesday, NiftyFuture was seen huge selling pressure due to weak global cues
NF was opened 60 points higher at 16170 and went to 16221 in first 5 minutes
But, unable to sustained opening gain and erased all the gain and ended 0.5% lower
Sensex was down 303.35 points, or 0.56 percent, at 53,749.26
Nifty was down 99.40 points, or 0.62 percent, at 16,025.80
Auto, metal, IT and pharma indices fell 1-3%
The Nifty Bank ended with marginal gains
Midcap index shed 1.9 percent and smallcap index 2.9 percent
VIX sustained around 25.50
Private banks did very well and lift the bank index
Hdfc twins did well on last two sessions
Today’s result stocks Hindalco, Mothersumi, Muthootfin, Zeel, Colpal, Nmdc and Bergepaint
FIIs net sold 1803 crore while DIIs net bought 2229 crore
FED embraces 50 bps rate hike in June, July to curb very high inflation
Oil firms on tight supply though EU ban on Russian oil still uncertain
US future trading flat note
Asian markets mixed in morning trade
Hangseng down 0.3% and SGXNifty indicates 70-90 points gap up
As open interest data showing, 16200CE added more OI and 16000PE added more OI
Which was indicated range between 16000-16200 but if breaks either side will move further
NiftyFuture is facing a intraday resistance 16080, 16140 and 16200
Above levels are hurdle for today’s trade
On other side, NF can be considered as supports as 16000 and 15940
Below 15940…….. will try check 15880-15850
Updated: 08.45 am / 26th May 2022
