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

NiftyFuture last close: 16895.65 (-1.2%)

On Monday, NiftyFuture was seen selling pressure and declined 1.2%
NF was opened 17020 and went to 17105 then slipped to 16858
Sensex was down 638.11 points or 1.11% at 56,788.81
Nifty was down 207 points or 1.21% at 16,887.30
Except for pharma, all other sectoral indices ended in the red
Nifty Bank, Auto, Energy, FMCG, Metal and PSU Bank down 1-3 percent
Midcap index shed 1.2 percent and Smallcap index fell 0.54 percent
Japan’s Yen has fallen below 145 per US Dollar for the first time
VIX shot up to around 21.30
Indonesia reports annual inflation of 5.95% in September, the highest since 2015
UK PMI is consequently down below 50 showing contraction in economy
UK government set to reverse its decision to scrap 45% tax rate
Electronics Mart India’s IPO to open for subscription on Oct 4 and close on Oct 7
The price ban for the offer has been fixed at Rs 56-59 per share
US manufacturing activity slowes in almost 2.5 years in Sept
India’s GDP gorwth to decline to 5.7% in 2022 : UNCTAD
FIIs net bought 590 crore while DIIS net sold 423 crore
US future indicates continues gains
Dow jumps 765 points to post its best day since June 24
S&P500 gains 2.6%
US 10 year bond yield slips to 3.64% following manufacturing PMI data
European markets ends higher on Monday
CAC up 0.6% and Dax up nearly 1%
Crude rises 4% and ended at $89/bbl
SGXNifty indicates higher opening for the index

SGXNifty indicates a gap up opening for the index
Likely to witness highly volatile will be expected during the day
NiftyFuture is facing a intraday resistance 16970, 17030 and 17110
If breaks and manages above 17110 will try to check 17160 and 17220

On other side, NF can be considered as supports as 16850, 16810 and 16750
Below 16750……. Who will save our markets ?

Updated: 08.59 am / 04th Oct 2022