01st June 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 15583.20 (+0.8%)

What a smart rally in markets on May last day

NF was opened 15450 and made a low of 15410 then rocked up to 15599.70

The Sensex finally settled at 514 points higher while Nifty50 ended with gains of 147 points

Index heavy weight stocks helped to lift the index

Reliance was up more than 10% in last two sessions

Hdfcbank, Icicibank, Axisbank and Kotakbank did well

Sector wise action was seen energy, metal, telecom and oil & gas while profit booking visible in IT

Small-cap and Midcap index did not well in last three sessions

VIX below 17 mark and seen very low premium

India FY21 GDP contracts 7.3% much improved than Govt’s expectation

FIIs and DIIs both bought in cash segment Rs 2412 crore, Rs 179 crore respectively

Three stocks under F&O ban in NSE. BOB, PNB and Suntv

US markets remained closed on Monday on account of bank holiday

US Futures little changed after major indexes saw gains in May

Asian markets were set to mixed trend on Tuesday

SGXNifty indicate a positive opening for the index and likely to move uptrend

NiftyFuture formed bullish candle on daily scale and seems more bullish on weekly scale

NF is facing a intraday resistance 15615, 15645 and 15680

If crossover 15680………. Expecting more rally up to 15750

It is frightening to see the market currently climbing……!!

Today NF considering a supports 15550, 15520 and 15475

Below 15475……… Finding a next supports around 15410 (last two day’s low)

More live market update will be sent to my clients only

Updated: 08.44 am / 01st June 2021