07th Sept 2021 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17404.65

On Monday, Indian equity market ended higher for the third straight session

NF was opened 17380 and went to 17429. Finally ended at 17408

Sensex was up 167 points at 58296 while Nifty50 was gained 54 points at 17377

IT index was helped to lift the index

Wipro, Hcltech and Infy were the top Nifty gainers

Reliance was shot up 4% in morning then seen profit booking

Bank stocks did not well on yesterday

Volatility index sustained around 15

FIIs turned to sell mode they sold 589 crore while DIIs net bought 547 crore

Nationalum and Ibullshsgfin are under F&O ban for Sept 7

US markets ended slightly negative

Dow down75 points, S&P500 ended flat and Nasdaq was up 33 points

Asian markets were set to higher on Tuesday’s trade

NiftyFuture formed a small bodied bullish candle on daily scale and strong bullish candle on weekly scale.

Also formed higher highs and higher lows which is indicating bullish trend

As per OI data 17500ce and followed by 17400ce added more OI

PE there is no significant OI but 17300PE added OI

However, NiftyFuture is facing a intraday resistance 17425 and 17450

If stays above 17450, will try to move 17500

NF can be considered as supports as 17385, 17360 thereafter 17320

More live market update will be sent to my clients only

Updated: 08.40 am / 07th Sept 2021