NiftyFuture last close: 16146.50 (+1.5%)
What a day on 3 August………. After a three month consolidation index was breached 16000
Indian market created history as the Nifty scaled 16000 for the first time ever on Aug 3
NF was opened 15950 and moved gradually up to 16162.90
On morning huge OI was seen 16k CE then after broken 16k……….. they covered short and index moved more than 150 points from 16k
Hdfc, Indusindbank, Sbin, Bajfinance, Reliance and HUL was helped to lift the index
India VIX moved up 7.4% from 12.80 to 13.74 levels
Volatility spiked as CALL writers got trapped the big rally
Today’s trend decider SBIN result and all eyes on SBIN earnings report
Four initial public offering worth more than Rs 3600 crore, Devyani, Windlas biotech, Exxaro Tiles and Krsnaa diagostics
After long time FIIs pumped money in cash segment they bought 2116 crore while DIIs sold 298 crore
Today Adanigreen, Hpcl, Sbin, Tatacom, Titan, Boschltd and Godrejcp will be declaring their earnings report
US markets ended at record high on Tuesday
Asian markets were set to higher opening on Wednesday’s trade
NiftyFuture formed a strong bullish candle on the daily scale as sustained buying interest was seen in any declines.
The NF forming higher highs and higher lows from the past four sessions which was indicated good sign
Heavy open interest was seen in PE side like 16000PE, 15900PE and 15800PE
There is no significant OI on CE side which means Nifty rally will be continue!!
NF is facing a intraday resistance 15195, 15220 and 15265
NF can be considered as supports as 15140, 15100 and 15060
If there is any declines buy!!
More live market update will be sent to my clients only
Updated: 08.45 am / 04th Aug 2021
