01st April 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture last close: 14752.30 (-1.1%)

Indian equities snapped two days winning streak on 31st March 2021

NiftyFuture was opened at 14871 and dropped up to 14720 then settled at 14765

The US bond yield rise and Covid-19 cased climbed and triggered the market sentiment

Nifty50 ended 154 points lower to 14690 while Sensex dropped 627 points to 49509

Day before yesterday HDFC twins lift the index more than 2% and yesterday reversed and index fell 1.5%

Hdfc twines fell more than 4% on yesterday

Sector wise, action was seen FMCG, Reality, Metals and profit booking visible IT, Finance and bank stocks

PSU banks did well and private banks was seen profit booking

India’s April-Feb fiscal deficit at 76% of FY 21 revised estimates

Oil falls as fresh lockdowns in Europe and settled at $63.54 a barrel

India VIX sustained around 20.50. But option premium didn’t fall

US markets mixed on Wednesday. Dow fell 85 points and Nasdaq gained 200 points

Asian markets were set to edge higher on Thursday

FIIS net sold 1685 crore and DIIs bought 2081 crore in cash segment

SGXNifty indicate a positive opening for the index and likely to witness highly volatile will be expected during the day due to weekly expiry and long weekend

Today NiftyFuture is facing a intraday resistance 14800 and 14840

If stays above 14840….. Will try to move 14875 and 14900. But stay caution at higher levels

Today NF considering a supports 14750 and 14720

Below 14720………. Finding a next support around 14650-14600

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Updated: 09.02 am / 01st April 2021