06th April 2021 #NiftyFuture Intraday Levels and Pre-market Report

NiftyFuture last close: 14698.45 (-1.4%)

 What a terrible day on April 5, 2021

Indian markets was seen sharp selling pressure on Monday after the Maharastra Govt announced new restrictions to curb the spread of novel coronavirus infections

NiftyFuture was opened  50-60 points down at 14890 then slipped vertically up to 14490 again shot up to 14750. Finally settled at 14706

The Sensex wiped out most of the previous days gain on April  5 on worried around rising Covid-19 cases

Look at the final tally on Sensex plunged 870 points to 49159 while the Nifty50 closed with losses of 229 points at 14637

Sectorally, Selling pressure visible in banks, finance, auto and public sector stocks while action was seen IT and metal stocks

India VIX moved up by 6.16% from 19.98 to 21.21 levels. At one time VIX was went up 17%

Bajfinance fell more than 6%, SBIN and Indusindbank fell 4% to 6%

US markets rallied on Monday with the Dow Jones and S&P500 closing record highs

Dow Jones rose 374 points, S&P500 gained 58 points and Nasdaq added 225 points

Asian markets were set to mixed trend

Crude oil fell more than $3 a barrel on Monday to settled at $61.78 a barrel

FIIs net sold 931 crore in cash segment while DIIs net bought 75 crore

SGXNifty indicate a cautions opening for the index with a 20-30 points negative

NiftyFuture was formed a hanging man pattern in daily chart which means bulls dominated at lower levels

In last 1 month, Whenever seen huge selling in market and same day index was recovered 100-200 points from day’s low. Happened on yesterday too

Today NF is facing a intraday resistance 14735, 14780 and 14820

If crossover 14820………. then will move to 14860-14900

Again same mantra………. Avoid fresh buying at higher levels!!

Today NF considering a supports as 14660, 14630 and 14580

Yesterday’s low and high will be act strong hurdles for coming days!!

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Updated: 08.32 am / 06th April 2021