NiftyFuture last close: 17687.15 (-1.1%)
On Friday, What a Panic Day and Huge Sell-off in Indian equity market
The Indian equity market plunged 2 percent
Investors turned cautious ahead of the Union Budget 2023-24, which will be presented on February 1
On Friday, NF was opened 17980 then fell vertically to 17580. Finally ended 17687
On weekly basis, Sensex shed 1,290.87 points, or 2.12 percent, to close at 59,330.9
Nifty fell 423.3 points, or 2.34 percent, to end at 17,604.35
smallcap, midcap and largecap indices fell 3.5%, 2.6% and 3%, respectively
Banknifty was down 5% like 2150 points
PSU bank index shed 9.6%, the Nifty energy index lost 7.5%, oil & gas 7.4%
Metal index declined 6 percent
The Nifty auto index, however, added 3 percent
FIIs continued their selling spree and offloaded equities worth Rs 9,352.18 crore in the week
DIIs provided support, as they bought equities worth of Rs 7,210.53 crore
FIIs have sold equities worth Rs 29,232.29 crore so far in the month
While DIIs have bought Rs 23,392.91- crore worth of shares
Bajajfinance Q3 net profit surges to 40%
Today’s result stocks are LT, Techm, Bpcl, Bajajfinsv, Gail, Srf, Recltd and Pnb
Dollar index sustained around 101.90
Ambujacem are under F&O ban for Jan 30
US futures marginally negative after cash market ends in green
US markets ends higher on Friday, Nasdaq up 1% and Dow ended 0.2%
In the Jan month Nasdaq index rose 11%
US 10-year yield remains firms at 3.51% ahead of Fed’s rate decision
Brent crude around $87/bbl
Gold prices fall further to $1925/oz
Asian markets were set to mixed opening in early trade
Hangseng down 0.6% and Kospi down 1%
SGXNifty indicates a flat opening for the index
Likely to witness highly volatile will be expected during the day
NiftyFuture weekly trend decider 17500 and 18000
Today Niftyfuture is facing a intraday resistance 17725, 17775 and 17820
If stays above 17820 then will try to move 17900
On other side, NF can be considered as supports as 17610 and 17575
Below 17575 finding a next support around 17500-17450
Updated: 08.45 am / 30th Jan 2023
