02nd May 2022 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 17135.25 (-0.7%)

On Friday, NiftyFuture was opened 17307 and gradually went to 17399
But, unable to sustained at higher levels and again bears took control on last 2 hrs
NF was slipped almost 300 points fromm day’s high. Fell from 17400 to 17085
The final tally was the Sensex declined 460 points while Nifty50 shed 143 points
All indices fell 0.5% to 2.5%
VIX sustained around 19
Axisbank slipped almost 7% after the normal earnings report
HUL did very well in FMCG stocks
The monthly collection of GST at Rs 1.67 lakh crore
GST collection scales to all time high in April 2022
Indian economy to overcome Covid losses only in FY35 : RBI Report
Oil falls on China growth concerns even as EU weighs Russia import ban
FIIs net sold 3647 crore while DIIs net bought 3490 crore on April 29
During the April month FIIs net sold 40652 crore & DIIs net bought 29870
Today’s result stocks are Hdfc, Britannia, AWL, M&MFin and Castrol
US markets ended deepest daily losses since 2020
Nasdaq declined 4.17% whild Dow fell 2.75% on April 29
Asian markets were set to lower opening in Monday’s trade

SGXNifty indicates a gap down opening for the index and followed by weak global cues
Niftyfuture weekly trend decider 16825 and 17400
Today NiftyFuture can be considered as supports as 17000 and 16925
Once if breaks and manages below 16925 will try to check 16850-16800
Below 16800…….. Expecting more pain!!

On other side, NF can be considered as supports as 17050, 17100 and 17200