NiftyFuture last close: 17033.60 (-0.4%)
On Tuesday, NiftyFuture was opened 17090 and went to 17347 gradually within 2 hours
After 11 am, Moderna CEO said “Current vaccine is less effective of Omicron virus”
After the news, Global markets melted and Nifty fell more than 300 points from day’s high
NiftyFuture fell from 17347 to 17000 and ended 17033.60
I have recommended buying alert 17500PE around 230 and achieved given targets 350
Also recommended selling alert NF 17175 and achieved given targets 17050
All indices was seen selling pressure
Nifty bank fell more than 1200 points from intraday’s high
PSU Banks and Private banks was seen selling pressure
GDP grew 8.4% during July-Sept
Fed chairman Jerome Powell said on Tuesday FED will consider acting more quickly action
FIIs net sold 5445 crore while DIIs net bought 5350 crore
Ibullshsgfing are under F&O ban
US market ended lower on Nov 30
Dow fell 652 points, S&P 500 lost 88 points and Nasdaq fell 245 points
While updating Dow Future up 160 points
Asian markets were set to mixed opening for 01st Dec
SGXNifty indicates a positive opening for the index
Likely to witness volatility will be expected during the day
On open interest basis, highest OI added 17500CE and PE side there is no significant OI
Which was indicated volatility will be continue!!
However, NiftyFuture is facing a intraday resistance 17070, 17130 and 17200
If stays above 17200-17225, Then will try to check 17280
But, Stay caution at higher levels!!
On other hand, NF can be considered as supports as 17000, 16940 and 16850
Below 16850, Expecting more pain
Updated: 08.52 am / 01st Dec 2021
