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

NiftyFuture last close: 16429.25 (-0.9%)

On Tuesday, NiftyFuture was seen selling pressure with consolidation and declined 0.9%
NF was opened 16487 and fell to 16354 again went to 16430
Nifty lost 153.2 points, or 0.92%, to end the day at 16,416.35
Sensex was down 567.98 points, or 1.02%, at 55,107.34
Auto index making some gains, while all other sectoral indices ended in the negative territory
IT, FMCG and pharma each lost more than a percent
Realty was the biggest loser, slipping 1.67 percent
Midcap index lost 0.77% and smallcap 0.67%
VIX sustained around 20.50
World Bank has slashed India GDP forecast to 7.5% from 8.7%
Today all eyes focus on RBI interest rate decision announcement at 10 am
The RBI likely to increase the key rates as per poll
US markets recovered from the lows to close higher
All US frontline indices up 1%
US 10 year yield slips below 3% as investors await CPI reading this Friday
Crude extends gains amid demand-supply concerns
Asian markets higher following Japan’s better than expected Q1 GDP and Nikkei up 1%
SGXNifty trading higher around 50 points gain
Gold prices rose to $1850/oz

However, NF is facing a intraday resistance 16465 and 16500
Once if breaks and manages above 16500 will try to move 16570 levels!!
Overall..Stay caution at higher levels until 16800

On other side, NF can be considered as supports as 16400 and 16350
Below 16350 expect more weakness up to 16200-16250 levels

Updated: 08.37 am / 08th June 2022