03rd May 2021 #NiftyFuture Intraday Levels and Pre-market Report

NiftyFuture last close: 14690.80 

Indian equities remained in an uptrend in the last week of April

The Sensex gained more than 900 points or 1.88% to close at 48782 and while the Nifty50 added 290 points or 2% to end at 14631 levels week ended April 30

However, In the April month Sensex was lost 1.5% while Nifty50 was dropped 0.5%

Large-cap index gained 2%, Small-cap index added over 3% and Mid-cap index rose 1.8% during the last week

PSUBank index rose 3%, and Infra index added 3% in the last week

Nifty metal index rose more than 9% especially Sail, Jswsteel, Tatasteel, Vedl gaining 12% to 25%

In last week, FIIs sold Rs 4456 crore value of stocks while DIIs bought Rs 3399 crore

In the month of April, FIIs sold Rs 12039 crore and DIIs purchased Rs 11359 crore

US markets ended lower on Friday

Asian markets were set lower on Monday’s trade

SGXNifty indicate a gap down opening for the index and likely to witness high volatile during the day

NiftyFuture can be considered as  supports as 14600, 14540 and 14470

Below 14470……. Finding a next support around 14400-14420.

Thereafter expect more pain.

Today NF is facing a intraday resistance 14650, 14700 and 14770

There is no strength at higher levels!!

Updated: 08.47 am / 03rd May 2021