Nifty futures closed at a negative 15,006 with a loss of 0.72%
Friday , March 5 2021
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Nifty futures closed at a negative 15,006 with a loss of 0.72%

Nifty futures

Nifty futures closed at a negative 15,006 with a loss of 0.72%. Among specific stocks, Tata Chemicals, CONCOR, UPL NSE 2.17%, IndusInd Bank NSE 1.90%, Marico, Jubilant FoodWorks, MGL NSE 1.58%, RIL and NTPC saw rapid trade setup but weakened at LIC Housing Finance NSE-6.17% is. Apollo Hospitals, PFC, BEL, Bharat Forge, Biocon, Tata Steel, Hero MotoCorp, Cadila, Escorts, SRF, Exide Industries and Lupine.

The Nifty started off negative on Friday and went sideways during the first half of the season. The index saw a decline and slipped below the 14,900 level in the latter half of the session, after which there was some improvement. Finally, the index settles the last session of the week with a loss of about 140 points. The index formed a bearish candle on the daily chart and a bearish angling candle on the weekly chart.

It remained at lower elevations and lows for the third consecutive season. As long as it remains below the 15,150 level, the Nifty may move towards weakness and its next major support at the 14,800 and 14,700 levels, while the upward hurdle can be seen at the 15,250 and 15,400 levels.

Bank Nifty

The Bank Nifty opened with a gap and moved down to touch a low of 35,584 through the entire session. Bank shares continued to trade weak and pulled the index, which settled the session with a loss of around 750 points.
The index constituted a bearish candle on the daily scale and highs and lows for the third consecutive session. As long as it remains below the 36,500 level, it can appear to be weak and heading towards the 35,500 and 35,000 levels, while a major hurdle exists at the 37,000 level above.

Asian Markets

Asian stock markets plummeted Wall Street on Friday after disappointing US jobs and economic data.

Shanghai, Tokyo, Hong Kong and Australia all declined.
The Shanghai Composite Index declined 0.9% to 3,641.63 and the Nikkei 225 1% to 29,947.42 in Tokyo. The Hang Seng in Hong Kong was down 1.1% at 30,265.15.

Cospi fell 1.2% to 3,048.03 in South Korea and Sydney’s S & P-ASX 200 fell 1.6% to 6,774.20. New Zealand and Southeast Asian markets also retreated.

On Wall Street, the S&P 500 fell to 3,913.97. The Dow Jones Industrial Average closed down 0.4% at 31,493.34. The Nasdaq Composite dropped 0.7%.
Among energy markets, the benchmark U.S. on the New York Mercantile Exchange. Crude fell $ 1.49 per barrel to $ 59.04 in electronic trading. The contract closed at $ 60.52, losing 62 cents on Thursday. Brent crude, which is used to price international oils, returned from $ 1.41 per barrel in London to $ 62.52. It shed 41 cents at $ 41.93 last season.

The dollar was unchanged at 105.67 yen. The euro held steady at $ 1.2086.

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About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

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