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

NiftyFuture last close: 18118.80 (-0.2%)

On Thursday, NiftyFuture was seen outperform despite of weak global cues
NF was opened around 18040 then shot up to 18158 again slipped to 18070
Finally NiftyFuture was ended at 18118 down 0.2%
Sensex was down 69.68 points, or 0.11 percent, at 60,836.41
Nifty was down 30.10 points or 0.17 percent at 18,052.70
Midcap index was up 0.22 percent and the smallcap index 0.11%
Information technology and power indices fell a percent each
Some buying was seen in bank, FMCG and realty names
Today’s result stocks Britania, Titan, Cipla, Gail, Indigo, Cumminsind and Tvsmotor
FIIs net bought 677 crore while DIIs net sold 732 crore on Nov 3
Lichsgfin and Pnb are under F&O ban
The RBI will likley to increase its policy repo rate by 35-50 bps in the upcoming event
US is not in recession, White House not preparing for one-Officials
Japan service secot activity growth hits 4-months high
US future flat, indicates continued losses for the cash segment
US markets ends lower for the 4th straight session
Main indices down 0.5% to 2%
US 10 year yield rises to 4.15% highest level since July 2007
US dollar index resumes rally, nearly 113 mark
European markets ends largely lower on Thursday
Crude slips 1.5% over demand worries from China
Brent crude below $95/bbl
Asian markets mixed in early trade
Hangseng up 2.7% and Japan’s Nikkei down over 2%

SGXNifty indicates flat opening for the index
Likely to witness side-ways trade will be expected during the day due to low VIX

However, NiftyFuture is facing a intraday resistance 18130, 18160 and 18210
Closely eye on above 2nd and 3rd resistance

On flip side, NF can be considered as supports as 18075 and 18035
Below 18035, finding a next support around 17960

Updated: 08.41 am / 04th Nov 2022