05th Jan 2023 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close : 18103.05 (-1.2%)

The Indian benchmark indices fell one percent on January 4
NF was opened 18300 and fell up to 18083.20 then ended to 18103
Sensex was down 636.75 points or 1.04 percent at 60,657.45
Nifty was down 189.50 points or 1.04 percent at 18,043
Nifty metal index shed 2 percent, the PSU Bank index fell 1.8 percent
Nifty Energy index declined 1.5%, while the Nifty Bank, IT and infra indices were down 1% each
Midcap and smallcap indices are down nearly 1% each
FIIs net sold 2620 crore while DIIs net bought 773 crore
FED wants flexibility on rates as inflation remains key focus
Also Fed officials may be prepared to scale back to 25 bps increses as of the Feb-1
Oil falls more than 5% on global economy worry, China Covid, Gulf and Russia announcements
Brent crude fell $4.25 to settled at $77.85 a barrel
US manufacturing sector contracts, prices decline in Dec – ISM
US future lower following a close in the green for cash market
US markets recovers from lows to end higher
Frontline indices up to 0.8%
US 10 year yield at 3.7% following FOMC minutes
Gold prices hover around 7-month high as Dollar index and yield soften
Europe markets close higher on Wednesday around 2% to 2.5%
Asian markets higher in early trade
Hangseng up 2%

SGXNifty indicates a positive opening for the index
As per open interest 18100CE and 18200CE was seen huge OI
PE 18000PE seen marginal highest OI
However, NiftyFuture is facing a intraday resistance 18125, 18150 and 18210
Above levels are crucial for today’s trade

On other side, NF considering a support around 18080 and 18040
Below 18040 finding a next supports 17980 and 17900

Updated: 08.48 am / 05th Jan 2022