07th Jan 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17788.65 (-1%)

On Thursday, NiftyFuture was opened gap down almost 200 points and recovered almost 100 points from day’s low
NF was opened at 17830 and made a low of 17685 then spiked up to 17800
Finally the tally was 17788.65 and down 1%
The Sensex was down 621 points to settled at 59601
First half session NF was consolidated and 2nd half was seen highly volatile
Banking stocks supported to lift the index
Midcap and Smallcap ended flat note
Oil extends rally on Kazakhstan and supply outages in Libya
Crude rose $1.20 to settled at $82 a barrel
FIIs net sold 1926 crore while DIIs net bought 800
RBLBank are under F&O ban on Jan 7
On global side, US markets extends Wednesday’s losses
S&P500 fell 0.1% while Dow down 0.5%
Nasdaq down 0.1% for its seventh negative session in the last eight days
US 10 year tresure yields above 1.7% ahead of key US jobs data
Europe markets sheds Wednesday’s gains
Cac down 1.8%, Ftse doan 1%
Asian markets were set to mixed trade on Friday early trade

SGXNifty indicatea a flat opening for the index
Likely to witness highly volatile will be expected during the day
NiftyFuture is facing a intraday resistance 17835, 17880 and 17925
Above levels are hurdle for today’s trade!!
Suppose if stays above 17925…..Will try to check 18000

On other side, NF can be considered as supports as 17740, 17720 and 17685
Below 17685.. Expecting further weakness up to 17630

Updated: 08.56 am / 07th Jan 2022