Nifty last close: 17465.80 (-0.3%)
Nifty was seen huge selling pressure in the first half on last Friday
Nifty was opened 17590 then fell to 17420 again shot up to 17470
Weekly basis, Sensex fell more than 1,500 points to close at 59,464
Nifty50 lost 478 points to settle at 17,466, the lowest closing level since October 17 last year
This was the biggest weekly fall in last eight months
All indices was fell to 1.5% to 5% in the last week
VIX sustained around 15
FIIs net sold 1470 crore while DIIs net bought 1400 crore
Oil prices fell below $82 a barrel on Feb 24
US consumer spending posts biggest gain in nearly two years
US future slightly higher after cash market ends in the Red on Friday
US markets ends sharply lower on Friday & posts biggest weekly decline for 2023
Nasdaq fell 1.7%, S&P500 and Dow Jonnes down around 1%
Dow Jonnes records 4th straight & Biggest weekly decline since Sept falls 3%
US Jan Core PCE price inded up 4.7% YoY vs estimate 4.3%
Boeing slides 4.8% after company temporarily halts deliveres of its 787 dreamliners jets
US 10 year yield at 3.9% after claiming to 3.82 its highest rates in nearly 4-months
Gold prices around 2-month low at $1813/oz
Asian markets open mixed on weak global cues
This week Nifty trend decider 17350 and 17780
Today Nifty is facing a intraday resistance 17500 and 17560
If stays above 17560 finding a next resistance 17650
But, Stay caution at higher levels
On other side, Nifty can be considered as supports as 17430, 17400 and 17350
Below 17350 will try to check 17270
Updated: 08.52 am / 27th Feb 2023
