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