08th Dec 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 18670.25 (-0.5%)

The Indian equity market continued to remain under pressure for the fourth straight session on December 7
NF was opened 18680 and went to 18775 then slipped to 18650
Sensex was down 215.68 points, or 0.34 percent, at 62,410.68
Nifty was down 82.30 points, or 0.44 percent, at 18,560.50
Except Nifty FMCG and PSU bank all indices ended in the red
Midcap and smallcap indices fell 0.4 percent each
RBI Repo rate raised by 35 bps to 6.25%
MPC voted with 5-1 majority in favor of a 35 bps rate hike
FY23 GDP growth projection at 6.8%
FY23 inflation projection at 6.7%
FIIS net sold 1242 crore while DII net bought 388 crore
PNB, GNFC and Ibullshsgfin are under f&o ban for Dec 8
Triveni Eng promotor likely to sell 7.03% stake via block deal
Nomura see India FY24 GDP growth at 5.1%
Dharmaj Crop Guard to debut today which was subscribed 35.5 times during Nov 28-30
The price band for the offer was Rs 216-237 per share
US futures continued losses for the cash market
US markets ends lower on Wednesday
Nasdaq slipped 0.5% and Dow ends flat note
US 10-year yield falls to 3.45%
Crude erases all gains of 2022 despite China easing curbs
Brent crude below $78/bbl
Risk of Nuclear war is rising, Russia’s Nuke weapons deterrent factors in conflicts : Putin
Asian markets mixed in early trade
Nikkei and Kospi down 1% each and Hangseng index up 1.2%

As per open interest CE side added more OI
PE side not seen significant OI on Wednesday closing basis
However, NF is facing a intraday resistance 18690, 18710 and 18750
If stays above 18750 will try to check 18790

On other side, NF can be considered as supports as 18635 and 18600
Below 18600 finding a next support around 18540

Updated: 08.54 am / 08th Dec 2022