07th June 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture Last Close: 15700.85 

NiftyFuture was ended almost flat note on last session

However, On weekly basis index was gained more than 1.50%

On Friday, NF was fell from intraday high 15756 to 15700 and ended 50 points off from day’s high

Midcap and Smallcap index was outperformed on last week

VIX below 16. Hence, Do not expect violent move

Oil hits new multi year highs. Brent crude rose 28 cents to $72.17 a barrel

RBI says : Bank credit grows by 5.98% and Deposits by 9.66%

Unionbank, Centralbank, MRF going to declare earnings report on today

FIIs net bought Rs 1499 crore value of stocks while DIIs sold 1175 crore

Four stocks under F&O ban. Ibullhsgfing, Pnb, Sail and Suntv

US markets ended higher on Friday

Dow Jones rose 150 points, S&P500 gained 35 points and Nasdaq gained 203 points

Asian markets were set to mixed opening on Monday

SGXNifty indicate a positive opening for the index likely to witness side-ways trade will be expected during the day ahead of low VIX

NiftyFuture weekly trend decider 15880 and 15500

Today NiftyFuture is facing a intraday resistance 15725 and 15765

If stays above 15765, Finding a next resistance 15810

NF can be considered as supports as 15675, 15650 and 15600

Don’t short at lower levels…….. If there is any declines can buy!!

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Updated: 08.43 am / 07th June 2021