04th Aug 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17407.15 (+0.4%)

Indian benchmarks indices ended on a positive note for the sixth consecutive session on August 3
On Wednesday, NiftyFuture was seen volatile with positive bias
NF was opened 17360 and slipped to 17244 then went to 17426
NF slipped 150 points from opened level then spiked more than 150 points from day’s low
Yesterday swing was around 300 points
Sensex was up 214.17 points, or 0.37 percent, at 58,350.53
Nifty was up 42.70 points, or 0.25 percent, at 17,388.20
IT index added 1.3 percent
Auto, capital goods, healthcare, metal and realty were down 0.5 percent each
Midcap index fell 0.6 percent and the smallcap index was down 0.28%
Oil prices rose 0.6% to settled around $97/bbl
Today’s result stocks Britannia, Gail, Adanient, Lichsgfin, Dabur, Beml, Berger and Recltd
FIIS net bought 765 crore while DIIs net sold 518 crore
Escorts are under F&O ban for Aug 4
US Future market trading a flat note on Aug 4
US markets snaps 2-day losing streak and gained more than 2%
Nasdaq index gained 2.59%, Dow added 1.29% and S&P500 rallied 1.56%
Asian markets were set to higher opening and following the rally on Wall street
OPEC+ to raise oil output target by 1 lakh barrels per day
Hangseng index climbed 400 points and Nikkei up 0.6%

SGXNifty indicates a gap up opening for the index
As per open interest data showing, added more OI on put side
17500CE added more OI but if Nifty sustains above 17530 will be trouble for 17500CE short sellers!!
On put side, 17300, 17200 was seen equal open interest

However, NiftyFuture is facing a intraday resistance 17460 and 17510
Once if breaks and manages above 17510 finding a next resistance 17560-17600

On other side, NF can be considered as supports as 17400, 17360 and 17300
Major strong support zone around 17240

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Updated: 08.41 am / 04th Aug 2022