05th Aug 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17387.85 (-0.1%)

What a Terrible Thursday!!
The Indian equity market ended lower on August 4 snapping its six-day winning streak
NiftyFuture was seen highly volatile on Aug 4
NF was opened gap up at 17460 and went to 17505 then fell vertically to 17178
Again shot up to 17400. Finally ended almost flattish note
Sensex was down 51.73 points or 0.09% at 58,298.80
Nifty was down 6.20 points or 0.04% at 17,382
Nifty Metal, IT and Pharma gained 1-2 percent
Energy and PSU Bank indices down 1-1.7 percent
Midcap and smallcap indices ended marginally higher
VIX shot up to 19.50
Bank of England raises key interest rate by 50 bps and highest since 1995
Today’s result stocks M&M, Titan, NMDC, Nykaa, Paytm, Raymond, Mothersumi and Indigopaints
Results on Aug 6, Sbin, Bpcl, Hpcl, Marico and Mgl
FIIs net bought 1474 crore while DIIs net sold 46 crore
Brent crude fell 0.2% to settled around $94/bbl
Escorts are under F&O ban for Aug 5
RBI Governor to announce its decision on Aug 5 at 10 am
My expectation is RBI likely to raise the repo rate by at least 30 bps to 50 bps
US markets ended mixed trend on Aug 4
Dow dropped 0.26% whild Nasdaq gained 0.44%
Asian markets were set to flat opening on Friday early trade

SGXNifty indicates a positive opening for the index
Likely to witness highly volatile will be expected during the day ahead of RBI policy
Today NiftyFuture is facing a intraday resistance 17450, 17480 and 17530
After RBI policy, If sustains above 17530 will try to move 17580

On other hand, NF can be considered as supports as 17330, 17290 and 17230
Below 17230, Finding a next support around 17150

Updated: 08.52 am / 05th Aug 2022