06th April 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 18017.50 (-0.4%)

On Tuesday, NiftyFuture was opened almost 50 points gap up around 18100
But, unable to sustained the opening gain then fell to 18000
The final tally was Sensex was down 435 points while Nifty50 declined 96 points
Bank index was seen profit booking and declined more than 1.5%
Smallcap and Midcap index gained 1% each
IT, Power and FMCG index did very well
Volatility index was up 4% around 19
Brent oil fell 0.8% to settled at $106.65 a barrel
Bank credit growth likely to be at 8.9-10.2% this fiscal : Report says
FIIs net bought 374 crore while DIIs also bought 105 crore
World bank cuts east asia’s 2022 GDP forecast on Ukraine war
Adani group of stocks mulls fund raising via right issue, pre allotment on April 8
TCS gets order for unemployment insurance programme from Kansas USA
US markets ended lower on Tuesday
All three major US indices ended 1% – 2% lower on US FED Haswkish comments
European markets ended lower on Tuesday
Asian markets under selling pressure in early trade on Wednesday
Hangseng down 1.2% and Japan’s Nikkei down nearly 2%

SGXNifty indicates a gap down opening for the index
Likely to witness volatile trade will be expected during the day!!
As per open interest highest OI was seen 18000CE and PE.

However, NiftyFuture is facing a intraday resistance 18000, 18050 and 18140
Above 2nd and 3rd resistance are crucial for today’s trade!!

On flip side, NF can be considered as supports as 17940 and 17900
If breaks and manages below 17900 will try to check 17800-17760
Which was around Monday’s low

Updated: 08.45 am / 06th April 2022