03rd Nov 2021 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17916.25 (-0.5%)

On Tuesday, NiftyFuture was seen volatility with range
NF was opened 18000 and went to 18038 (didn’t break previous day’s high) then fell to 17861. Finally settled 17916
On yesterday I written in my blog “NF resistance at 18050”
SBI will be declaring earnings report today & mostly around 1-2 pm
RBI Governor meets MDs & CEOs of PSU banks and private banks
Oil prices fall as industry data shows big build in USA
Brent crude settled at $83.75 a barrel
Today’s result stocks SBIN, Eichermotor, Bataindia, GSPL, and Pfizer
FIIs net bought 244 crore while DIIs net sold 6 crore
PNB and Escorts are under F&O ban
US future flat trading ahead of Fed meet decisions
US markets ended at record high for the third straight session
US Fed reserve expected to announce its decisions tapering today
Europe markets ended mixed on Tuesday
Asian markets gain in early trade
Japan market closed today

SGXNifty indicates positive opening for the index
Open Interest data showing highest OI added 18000CE and there is no significant OI on PE sides

NiftyFuture formed a small bodied bearish candle on Tuesday
NiftyFuture is facing a intraday resistance 17950 and 17975
If stays above 17975, will try to move 18010
Stay caution at higher levels!!

On other side, NF can be considered as supports as 17880 and 17850
If stays below 17850, Will try to check 17800-17760
Don’t short at very lower levels!!
More live market update will be sent to my clients only

Updated: 08.37 am / 03rd Nov 2021