NiftyFuture May Last Close: 16159.05 (+0.9%)
June Last Close: 16168.10 (+1%)
What a Terrible Thursday
NiftyFuture was opened around 70 points gap up at 16100 then vertically fell to 15885
First half dominated bears and NF fell almost 200 points from day’s high
Second half bulls entered with full power, NF bounced from 15900 to 16180
NF was recovered almost 300 points from day’s low to high
Sensex was up 503.27 points, or 0.94%, to 54,252.53
Nifty was up 144.40 points, or 0.90%, to 16,170.20
Nifty Bank, Metal and PSU Bank indices rose 2-3 percent each
Information Technology index added 1 percent. However, FMCG index ended marginally lower
midcap index rose 1.4 percent and smallcap index added 0.78 percent
May series index was declined almost 5%
Metal index fell 18%, IT index fell 12% and Media index declined 13%
Hdfc twins supported to lift the index
Hdfcbank was seen outperform on last 3 sessions
VIX down 10% and settled around 22.50
FIIs net sold 1597 crore while DIIs net bought 2906 crore
Today’s result stocks : Jswsteel, Nykaa, Gail, Glenmark, Godrejind, Indiacem,IEX, Suntv, OIl, Mcdowell, Naukri and Astral
US weekly jobless claims fall
Brent oil near 2- month high amid global supply concerns
US markets ended higher on Thursday
Dow rose 515 points, Nasdaq climbed 305 points, and S&P 500 added 80 points
Asian markets rose in Friday morning trade
NiftyFuture has formed a bullish candle on May 26
SGXNifty indicates gap up opening for the index and favored for bulls
However, NF is facing a intraday resistance 16225, 16260 and 16335
Once if breaks and manages above 16335 will try to check 16400
On other side, NF can be considered as supports as 16125 and 16075
Below 16075 will try to check 16000
Updated: 08.52 am / 27th May 2022
