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

NiftyFuture last close: 17325.45 (+0.2%)

On Thursday, NiftyFuture was dropped from day’s high but ends at 0.2% higher
NF was opened gap up at 17420 and went to 17444 then slipped to 17313
NF was unable to hold the opening gains and seen selling pressure
Sensex was up 156.63 points or 0.27% at 58,222.10
Nifty was up 57.50 points or 0.33% at 17,331.80
Nifty Metal, and IT indices were up 1.5-3.2 percent
Auto, Bank, Energy and PSU Bank indices were up 0.5
FMCG and pharma ended marginally lower
Midcap and smallcap indices rising 1 percent each
Airtel has launched 5G Plus in 8 cities
North Korean jet fighters and bombers fly in formation as they conduct drills
Goldman Sachs says HongKong home prices 30% fall
Oil prices extend gains after OPEC+ output cut plan
Brent crude rose 19 cent to $94/bbl
World Bank downgrades India’s economic growth forecast to 6.5% for FY23
SEBI orders Brickwork Ratings to wind up, in first such action against a credit rating agency
Fed’s Evans says : Rates headed to 4.5% to 4.75% by spring of 2023
FIIs net bought 279 crore while DIIs net sold 43 crore on Oct 6
US futures little changed after a close in the red for cash market
US market ends with cuts on Thursday
Frontline indices slip up to 1% to 1.5%
US 10-year yield rises to 3.82% ahead of Sept jobs report on Friday
European markets close lower on Thursday
Gold prices slip to $1710/oz
Asian markets lower in early trade
HangSeng index down 1% and Nikkei slips 0.5%
SGXNifty indicates lower opening for the index

NiftyFuture was formed a small bodied bearish candle on Oct 6
Also unable to hold the opened gains…. Bears have an upper hand!!

However, NF is facing a intraday resistance 17360, 17390 and 17445
Above 17445 will try to check 17500
But, stay caution at higher levels!!

On other side, NF can be considered as supports as 17300, 17280 and 17250
Below 17250 finding a next support around 17180

Updated : 08.43 am / 07th Oct 2022