04th May 2021 #NiftyFutur Intraday Levels and Pre-Market Report

NiftyFuture last close: 14685.80

NiftyFuture was opened gap down almost 175 points and recovered entire loss on May 3, 2021

NF was opened at 14540 and made a low of 14461 then bulls managed and went to 14745

Do you know ? NF if comes lower levels like 14200-14400 seen huge buying and recovered entire loss in last many days. Yesterday too

NiftyFuture reclaimed flat while the Sensex was down 63 points

Virus cases going down in many states. Positive news

Metals, FMCG, Financials and Telecom was seen buying action

Hdfcbank helped to lift the bank index and stock surged almost 2% in last 1 hour

Indusindbank and Kotakbank did not well after the earnings report

Suntv fell more than 6% I told on yesterday in pre-market report expect profit booking

Example: Buy on rumour and sell on news

Adani group of stocks shot up and Adaniports will be declaring earnings report on Today

Adanient will declare earnings report on Wednesday

VIX index sustained 23. Option premium was seen too high

PE premium seen very high compared to CE premium

RBI imposes Rs 3 crore penalty on Icicibank

Chemplast Sanmar files Rs 3500 crore IPO papers

On global side, US markets ended higher on Monday.

Dow rose 0.7% and S&P500 gained 0.27%

Asian markets seems mixed trend on Tuesday’s opening

Today following company will be declaring earnings reports Adaniports, L&T Infotech, RBLBank

FIIs net sold Rs 2289 crore while DIIs net bought Rs 552 crore in cash segment

Suntv under the F&O ban for May 4

SGXNifty indicate a negative opening for the index and likely to witness highly volatile during the day

NiftyFuture formed a small bodied bullish candle on May 3 which was indicating buying was seen in lower levels

NF is facing a intraday resistance 14745 and 14770. If stays above 14770 will try to move 14830. But stay caution at higher levels.

Today NF can be considered as supports as 14660, 14630 and 14590

Below 14590……… Next intraday support around 14540-14460

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Updated: 08.27 am / 04th May 2021