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

NiftyFuture last close: 14769.95

NiftyFuture was shot up to more than 100 points and Sensex rallied over 250 points on 06th May

Positive global cues was helped to lift the Indian equities

NF was opened 14718 and made a low of 14657 then went to 14788

Nifty50 reclaimed at 14725 while Sensex rose 272 points to close 48949 points

Action was seen auto, financial and IT stocks

After Coforge result stock was gained more than 15% and followed by IT stocks gained

Wipro, Mindtree, Mphasis, and Happiestmind rallied significantly

Heromoto declared good earnings report on post market hours

India worried about virus cases and yesterday too surged more than 4 lakhs

Global sentiment seems good and earnings report also good

Today focus on HDFC  will be declaring earnings report

US markets ended at record high on Thursday

US weekly jobless claims drop to fresh 13 month low

Dow Jones rose 0.93%, S&P500 gained 0.82% and Nasdaq gained 0.37%

Asian markets were set to mixed trend on Friday

Today HDFC, Ultracemco, Dabur, Cholafin, and Godrejagrover will be announce result

FIIs net bought Rs 1222 crore while DIIs sold 632 crore worth of stocks in cash segment

SGXNifty indicate a positive opening for the index and likely to witness volatile trade will be expected during the day due to weekend

NiftyFuture is facing a intraday resistance 14780-14810

If stays above 14810 and holds above the level……. Will try to move 14850-14890

Stay caution at afternoon trade!!

Today NF can be considered as supports as 14750-14720

Below 14720……… Finding a next support around 14650

More live market update will be sent to my clients only

Updated: 08.59 am / 07th May 2021