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

NiftyFuture last close: 17829.75 (+0.7%)

On yesterday at 8.30 am, SGXNifty indicated Nifty down more than 150 points
But, Pre-market Nifty was opened marginally lower and opened 30 points lost
Indian equity markets was seen very strong rally in last two days despite of weak global cues
NF was opened 17645 and went to 17840. Finally ended almost day’s high
Reliance was supported to lift the index
Midcap and smallcap index gained around 0.5%
Pharma and metal index was seen selling pressure
Moody’s changed India’s rating outlook to stable from negative
Brent oil hits multi year highs as OPEC sticks to output plan
FIIs net sold 1915 crore while DIIs net bought 1868 crore
Nationalum is under F&O ban for Oct 6
US markets rallied on Tuesday
Dow jones rose 0.92% and Nasdaq gained 1%
Asian markets were set to mixed opening for Wednesday

SGXNifty indicates a flat opening for the index and likely to witness range with volatility will be expected
Nifty 18000CE added more open interest and there is no significant OI in PE sides
However, NiftyFuture formed a bullish candle on last session which was indicated further rally will be expected
NiftyFuture is facing a intraday resistance 17885, 17910 and 17950
All time high and crucial resistance around 17950. Watch it
NF can be considered as supports as 17810, 17775 and 17730
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Updated: 08.49 am / 06th Oct 2021