02nd Dec 2021 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17221.90 (+1.1%)

On Wednesday, NiftyFuture was opened 17119 and went to 17250 again slipped to 17100 and again returned to 17220
NF was seen range with volatile on wednesday
All indices went to 0.5% to 1.5% gain
Bank index shot up to 1.9%
Second highest GST collection on Nov month Rs 131526 crore
Volatility index fell 5%
Nifty50 ended above 100 DMA
Ibullshgfin are under F&O ban on 02nd Dec
FIIs net sold 2765 crore while DIIs net bought 3467 crore
South Korea inflation hits decade high and boosting rate hike
Crude oil fell 61 cents to settle at $68.87 a barrel
US confirms first Omicron cases
After the first case news, Dow fell more than 1000 points from day’s high
Dow down 461 points, S&P500 fell 54 points and Nasdaq dropped 283 points
Asian markets were set to negative opening for the day

SGXNifty indicates a negative opening for the index
Likely to witness volatile will be expected during the day
As per open interest highest OI was seen 17500CE
PE side there is no significant OI on yesterday closing basis!!

However, NiftyFuture is facing a intraday resistance 17250 and 17300
Above levels are hurdle for today’s trade!!
Suppose if breaks and sustains above 17300 then will try to move 17360-17400
But, Stay caution at higher levels. Or can short at higher level with stop of resistance levels!!

On other hand, NF considering a supports 17140 and 17100
If sustains below 17100, then will check 17040 and 17000

(Note it: If the first virus case will be reported in India. I will be expected panic selling in the market)

Updated: 08.50 am / 02nd Dec 2021