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

NiftyFuture last close: 17084.25 (-0.3%)

On Monday, NiftyFuture was seen strong consolidation around 50 points
NF was opened 16925 and went to 17118 then finally ended at 17084
The final tally was Sensex declined 85 points while Nifty50 fell 33 points
Smallcap and Midcap index fell marginally
IT index shed around 1%
Metal index surged 1%
LIC will launch the biggest IPO on Wednesday May 4, 2022
LIC the price band of Rs 902 to 949 per share
LIC IPO result in an implied market capitalisation of Rs 6 lakh crore for the company
Oil gains 1% after US crude stocks signal tighter supply
India’s GDP to hit $5 trillion in FY 2029 and rupee at 94 a dollar says IMF
Today’s result stocks Kotakbank, Tataconsumer, Adanigreen, Adani Todal Gas, Deepakntr and OFSS
FIIs net sold 1854 crore while DIIs net bought 1951 crore on May 2
The big event of US FED will be announcing their interest rate at 11.30 PM, 04 May
Asian markets were set to mixed in Wednesday morning trade

SGXNifty indicates a flat opening for the index
As per open interest side, 17000PE added more OI and CE side 17300 added more OI
As per technical NiftyFuture is facing a intraday resistance 17100 and 17140
If stays above 17140 will try to check 17200

On other side, NF can be considered as supports as 17040, 17000 and 16950
Below 16950 will try to check 16875-16825

Updated: 08.45 am / 04th May 2022