02nd March 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture last close: 14797.75 (+1.5%)

Indian equities was took U turn on 01st March on positive global cues

NiftyFuture was opened gap up at 14710 and made a low of 14658.50 then went to 14839

Sensex rose 750 points while Nifty closed with gains of 230 points

Indian volatility index declined more than 8% but premium was too high

Sector wise, action was seen metals, auto, utilities while profit booing visible in telecom

On Friday NF was opened huge gap down and sustained fell more and closed at day’s low

On yesterday NF was opened gap up and sustained with closed almost day’s high

Today NF likely to open 80+………. Seems very huge volatility!!

Auto sales report is not bad but tractor sales figure is good

US markets surged on Monday. Dow Jones surged 1.9% and Nasdaq added 3%

Asian markets were set to higher on Tuesday morning

Oil down more than 1%. Brent crude settled at $63.70 a barrel

FIIs did not contribute much and they bought just 125 crore while DIIs sold 195 crore

SGXNifty indicate a positive opening for the index likely to open 75+

NiftyFuture formed a bullish candle (Bollinger reversal) with gains of 1.7% on the daily chart but did not break previous day’s high and low

However, NF is facing a intraday resistance 14850 and 14900

If crossover 14900 with volume then will try to move Friday’s high 14950

But, Stay caution at higher levels. Every rise to sell until 15180 for positional

Other side, NF considering a supports 14765, 14730 and 14660

Below 14660………. will try to move 14600

Don’t short at very lower levels!!

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Updated: 08.25 am / 02nd March 2021