NiftyFuture Aug last close: 16634.40
Sept last close: 16647.65
The Indian equity market ended flattish note on Aug 26
NF was seen volatile on the last day of the August series
NF was opened 16612 and went to 16672 then fell to 16620
The final tally was Nifty was up 2 points and Sensex was up 5 points
Nifty Aug series was rallied around 850 points
Weak global cues and global markets traded cautiously that sentiment was seen in Indian markets
Reliance did very well and managed Nifty
Hdfcbank and Icicibank did well and managed Banknifty
Midcap and Smallcap index adding 0.3% higher on yesterday
China industrial profits in July grow 16.4% YoY
US slightly upgrades GDP estimate for last quarter to 6.6%
Oil prices fell 1% and settled at $71.47
FIIS net sold 1975 crore while DIIs net bought 1055 crore
US markets ended slightly lower on Thursday
Asian markets were mixed start on Friday
Key level for Sept series 17000 and 16200
SGXNifty indicate a positive opening for the index and likely to witness range will be expected
NiftyFuture formed a Doji candle on the daily scale which was indicated NF closed its nearly opening level
Today NiftyFuture is facing a intraday resistance 16665, 16690 and 16720
Above 16720, Further bulls action will be expected up to 16760+
Other side, NF can be considered as supports as 16635, 16610 and 16560
More live market update will be sent to my clients only
Updated: 08.53 am / 27th Aug 2021
