06th May 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 14679.10 (+0.9%)

NiftyFuture was rebounded and gained nearly 1% on 05th May

NF was opened 14625 and slipped to 14549 again shot up to 14698

In last one hour NF was spiked almost 100 points

RBI Governor speech to helped lift the index

Banking stocks did well on yesterday

Reliance struggled around 1900-1950. Seems underperformed

VIX down more than 10% in last 3 sessions and option premium was melting

Today focus on Adanipower, Heromotoco, Coforge, and Centurytex will be declaring result

US markets ended at record highs. Dow was up 156 points and Nasdaq added 85 points

Asian markets followed by US markets and set to higher on Thursday

FIIs sold 1110 crore while DIIs sold 240 crore in cash segment

Tatachem and Suntv under F&O ban in NSE

SGXNifty indicate a positive opening for the index and likely to witness volatile will be continue due to weekly expiry day

NiftyFuture formed a small bodied bullish candle on May 5

NF is facing a intraday resistance 14725 and 14765 which was indicated last three days high. If breaks and holds above 14765………

Bulls action will be continued up to 14830-14860. But stay caution at higher levels

Still I am bearish until 15050 closing basis!!

Today NF can be considered as supports as 14650, 14610 and 14550

Don’t short at very lower levels

More live market update will be sent to my clients only

Updated: 08.40 am / 06th May 2021