05th May 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 14549.30 (-0.9%)

Indian equities was closed almost 1% down on May 4 following weak global cues

NF was opened 14708 and went to 14765 then dropped up to 14510. Finally settled at 14553

NF was dropped almost 250 points from intraday high to low

I have recommended selling alert NiftyFuture around 14750 and booked profit at 14650. See whatsapp snapshot

The final tally was Sensex was down 465 points while Nifty50 fell 137 points

Investors cautions from weak earnings report, IPL cancelled and fearing of lock-downs

VIX index fell more than 3% but premium was seen too high

Reliance did not well past two sessions and main dragger in Nifty

RBI Governor to make unscheduled speech at 10 am today

US markets fell more than 2% on Tuesday

Dow fell 235 points, S&P500 was down 56 points and Nasdaq was down 380 points

Asian markets were set to mixed trend on Wednesday’s trade

Tatasteel, Adanienet, Ceat and OFSS will be declaring earnings report on today

FIIs net sold 1772 crore and DIIs bought 987 crore in cash segment

Likely to witness heavy volatile will be expected during the day due to RBI Governor speech and PM will be discussed Covid situation with expert and ministers

Doctors team to advise central must need National Level Lock-down to reduce virus infection

However, NF is facing a intraday resistance 14575, 14625 and 14700

If all is well and NF If stays above 14700……. Will try to move 14780.

But………… Avoid fresh buying at higher levels and can create shorts

There is no strength at higher levels!!

NF can be considered as supports as 14500 and 14470

Below 14470………… Will try to check 14400-14330

More live market update will be sent to my clients only

Updated: 08.57 am / 05th May 2021