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

NiftyFuture last close: 17682.95 (-0.2%)

What a terrific Tuesday
NiftyFuture was opened 17730 and went to 17788 then slipped up to 17600
Again shot up to 17750. Finally ended at 17682.95 down 0.2%
The Sensex was down 48.99 points, or 0.08%, at 59,196.99
Nifty shed 10.20 points, or 0.06%, at 17,655.60
Nifty metal index rose 1.32 percent
Midcap and smallcap was rose 0.3% to 0.5%
VIX sustained around 19
Option premium didn’t fall due to volatility
Oil falls as demand fears overtake OPEC- led rally
Brent crude was down $3.25 to $92.50/bbl
UK construction shrinks again as economy feels inflation heat-PMI
FIIs net bought 1144 crore while DIIS net bougt 632 crore
Deltacorp are under F&O ban for Sept 7
Govt gives 2-year extension to power companies to comply with SO2 emission norms
US future indicating the lower around 150 points down
US indices continued losses and posts first 7-day losing streak since 2016
US 10-year bond yield rises to 3.35%
US dollar index surges to hit 110.51 against a basket of currencies
European markets end higher led by retail stocks
Cac up 0.2% and Dax was up 1%
Bitcoin below $19000
Asian markets sharply lower in early trade
Hangseng and Kospi slip 1.5% each
SGXNifty indicates deep cuts opening for the index
As per open interest 40000CE added huge open interest
PE side there is no significant OI which means expecting the volatility

As per open interest 17700CE and 17800CE was seen highest OI
PE 17500PE seen marginal higher OI
NiftyFuture is facing a intraday resistance 17650, 17685 and 17735
Did you know ? there is no strength around 17750-17800 in the last few sessions
Hence, stay caution at higher levels!!

On flip side, NF can be considered as supports as 17630, 17580 and 17475
If breaks and manages below 17475 will try to check 17440 and 17370

Updated: 08.40 am / 07th Sept 2022