03rd Feb 2023 #BankniftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close : 17685.25

Indian equity benchmarks ended mixed in yet another volatile session on February 2
NiftyFuture was opened 17600 and fell to 17522 then spiked to 17740
Finally ended around 17685 with flat note
Sensex gained 224.16 points, or 0.38 percent, to close at 59,932.24
Nifty was down six points, or 0.03 percent, at 17,610.40
Adanient and Adaniports contributed around 100 points to drop the Nifty
Nifty FMCG and Information Technology indices gained 1.8 and 2.2%
Metal index fell 4.3 percent and the energy index shed 2.2 percent
Midcap and the smallcap indices ended marginally higher
Power index declined 3.4 percent, oil and gas 2 percent
NSE puts Adanient, Adaniports, Ambuja under ASM framework amid stock rout
Today’s result stocks are SBIN, ITC, Divislab, BoB, Tatapower, Indigo, Marico and Paytm
FIIs net sold 3065 crore while DIIs net bought 2371 crore on Feb 2
Dollar index climbs as central banks see inflation risks unwind
Adaniports and Ambujacem are under F&O ban for Feb 3
US futures trade flat note after ended green in the cash market
S&P500 rises to nearly 5-month high & up 1.5%
Nasdaq rises more than 3% & records best day since November
Apple gained 3.7%, Alphabet was up 7.25%, Tesla up 3.78% and Amazon was gained 7.40%
Meta gained more than 23% after the strong earnings report and Buyback
US 10-year yield falls to 3.38% as weekly jobless claims fall to 9-month low
Brent crude losses to settled at $82/bbl
Gold slips from 9-month high at $1927/oz as dollar markets up move
Asian markets were set to mixed opening on Friday early trade

SGXNifty indicates a positive opening for the index
NiftyFuture is facing a intraday resistance 17750 and 17810
If stays above 17810 will try to move 17870-17900

On flip side, NF can be considered as supports as 17665, 17625 and 17560
Below 17560 finding a next support around 17475

Updated: 08.50 am / 03rd Feb 2023

03rd Feb 2023 #BankniftyFuture Intraday Levels and Pre-Market Reports

BankniftyFuture last close: 40937.80 (+0.5%)

Today Bankniftyfuture is facing a intraday resistance 41120, 41250 and 41500
If stays above 41500 then will try to move 41850
But, Stay caution at higher levels

On other side, BNF can be considered as supports as 40850 and 40720
Below 40720 finding a next support around 40550 and 40300

Updated: 08.37 am / 03rd Feb 2023

02nd Feb 2023 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17677.25 (-0.7%)

The market witnessed extreme volatility on the Budget day
The NF was opened 17925 and went to 18063 during the Budget speech
Then fell from 18063 to 17473 vertically again shot up to 17700
NF swing was around 900 points
Sensex was up 158.18 points or 0.27 percent at 59,708.08
Nifty down 45.90 points or 0.26 percent at 17,616.30
PSU Bank index shed 5.6 percent, Metal index lost 4.5 percent
midcap and the smallcap indices fell 1 percent each
Big breaking news : Adanient calls off its FPO
Hdfcbank and Icicibank ADR was down 3% to 4%
FIIs net bought 1785 crore while DIIs net bought 529 crore
Today result stocks HDFC, Tataconsum, Titan, Bergerpaint, Godrejprop
US futures lower after cash market ends in green on Wednesday
US Fed hikes interest rates 25 bps to 4.75% in-line with market expectations
Meta surges 19% in extended trading on strong Q4 results and $40 BN buyback
Advanced micro devices rise 12% after company reports better than expected
US 10 year yield falls to 3.4% after FED hikes
Brent cooling to $83/bbl
Gold hits 9-month high at $1951/oz
Dollar index fell below 101 mark
Asian markets marginally higher
Hangseng rises 0.5% and Nikkei up 0.2%

SGXNifty indicates a gap down opening for the index
Likely to witness highly volatile will be expected during the day
However, NF is facing a intraday resistance 17730, 17800 and 17900
Above 17900 will try to move 18000

On other side, NF can be considered as supports as 17570, 17530 and 17470
Below 17470 finding a next support around 17350-17300

Updated: 08.50 am / 02nd Feb 2023

02nd Feb 2023 #BankniftyFuture intraday levels and pre-market reports

BankniftyFuture last close: 40727.50 (-0.8%)

What a day on Feb 1…Terrible volatility
BNF was opened 41500 and went to 42250 during the budget speech
Then fell from 42250 to 39718 again shot up to 40900
Bankniftyfuture was seen swing around 4000 points
Hdfcbank and Icicibank did very well
PSUBank was seen huge selling pressure due to Adani stocks down freeze
VIX sustained around 16.50
Option premium went up due to huge volatility

SGXNifty indicates a gap down opening and followed by Bank index
Hdfcbank and Icicibank ADR down around 3% to 4%
However, BNF is facing a intraday resistance 41150, 41350 and 41500
Above 41500 will try to move 41900
But, Stay caution at higher levels

On other side, BNF can be considered as supports as 40500, 40250 and 40000
Below 4000 will try to check 39700 and 39300

Updated: 08.33 am / 02nd Feb 2023

01st Feb 2023 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17798.65 (+0.3%)

The benchmark indices ended marginally higher in yet another volatile session on January 31
The NF was opened 17785 and fell to 17636 then spiked to 17836
Sensex was up 49.49 points or 0.08 percent at 59,549.90
Nifty was up 13.20 points or 0.07 percent at 17,662.20
Nifty energy index added 1%, the auto index rose 1.9%, the metal index gained 1.5%
PSU Bank index added 4%
IT and pharma indices shed a percent each
VIX fell 4% to settled around 16.60
The FPO of Adani had received bids for 50.86 million shares against an offer size of 45.5 million shares
Non-institutional investors have subscribed 332 percent of the portion set aside for them
GST collection record second highest mop-up of Rs 1.56 lakg crore in Jan
Today’s result stocks Britannia, Ashokley, Jubliantfood and Tatachem
FIIs net sold 5439 crore while DIIs net bought 4506 crore
April-Dec 2022 fiscal deficit rises to Rs 9.93 lakh crore, 59.8% of FY target
Core sector growth for Dec at 7.4% higher than Nov
US future lower after strong rally in cash market on Tuesday
US markets ends higher on Tuesday, Frontlint indices rose to 1.5% to 2%
S&P posts best Jan performance since 2019
General motors rallies 8.4% on better than expected Q4 earnings and Strong guidance
Mcdonalds falls 3.5% after delivered strong earnings but weak margin missed
US 10-year yield fall to 3.51%
Crude prices steady around $85/bbl
Gold set for the 3rd monthly rise at $1927/oz

SGXNifty indicates a gap up opening for the index
Likely to witness highly volatile will be expected during the Budget

However, NF is facing a intraday resistance 17835, 17860 and 17910
After Budget if sustains above 17910 will try to move 18000

Today’s supports 17760, 17725 and 17670. After Budget if sustains below 17670
Finding a next support around 17550-17500

Updated: 08.37 am / 01st Feb 2023

01st Feb 2023 #BankniftyFuture Intraday Levels and Pre-Market Reports

Bankniftyfuture last close: 41063.15 (+0.9%)

On Tuesday, BankniftyFuture was seen range with positive bias
BNF was opened 40850 and fell to 40470 then spiked to 41170
Finally BankniftyFuture was ended 0.9% gain
Icicibank and Axisbank did well
Hdfcbank was seen selling pressure
PSUBank index climbed around 2%
SBIN, BoB and PNB did very well
VIX fell 4% to settled around 16.60

As per OI data not seen any significant OI due to Budget event
However, the Option premium was seen too high and the premium will be melting during the Budget
Example : At The Money short straddle rate was around 980 on Tuesday closing
Today will be melting around 500-600 points and will end around 400-500

However, BNF is facing a intraday resistance 41160 and 41275
If breaks and manages above 41275 will try to move 41450-41600 levels

On other side, BNF can be considered as supports as 40930 and 40850
Below 40850, finding a next support around 40650 and 40400

Updated: 08.19 am / 01st Feb 2023