NiftyFuture last close: 14953.35 (+1.4%)
On last week just three sessions was there. On Tuesday, NF was climbed 2.1%, on Wedneday NF was declined 1.1% and Thursday NF spiked 1.4%
Finally Indian equities clocked more than 2% gains in last week driven by positive global cues and $2.3 trillion infrastructure package announced by the US President
Market was seen highly volatile in everyday despite of low VIX
The final tally was Sensex rallied 1020 points to 50029 and the Nifty50 climbed 360 points to settled at 14867
Midcap index was added 2.7% while the Smallcap index gained 3.9% in the week ended
What is the coming week events and important factors ?
The Monetary Policy Committee (MPC) outcome on 7 April at 10 am
On US side, FOMC meeting and Initial jobless claims data will there on April 7 and 8
Bond yield has been moving in the range of 1.5 to 1.8 and finally settled at 1.7% in last week
The Covid-19 risk seems to be increasing day by day as the second wave has gradually spreading fast in some parts of the nation. It is a major news for stock market
Maharastra is leadging state in the country and daily infections count is more than 45000
On IPO side. Barbeque Nation Hospitality is expected to debut on April 7
Lodha Developers IPO will open on April 7 and the price band for the offer has been fixed at Rs 483-486 per share
NiftyFuture has gained 1.4% on Thursday and formed a bullish candle on the daily chart while in weekly candle was seen small bodied bullish candle which was gained 2.4%
Actually, Indian equities market worried about virus surges in nation wide, on other side if positive global markets, if drop in bond yield and if comes better than expected earnings reports on upcoming result………… Nifty will hit fresh all time high
Okay, Let’s see coming week NiftyFuture Trends
NiftyFuture trend decider at 15085 and 14680 is the most important levels for coming week
NF is facing a strong weekly resistance around 15085, Once if breaks and closes above the level, further rally will be expected up to 15200, 15290 and 15380
On other hand, NF can be considered as weekly support as 14680 which was placed at last week low. Once if breaks and closes below the level
Bears will be dominate up to 14500 and 14380. But don’t short at very lower levels
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Updated: 11.28 am / 04th March 2021
