08th March 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture last close: 14953.05 (-1%)

NiftyFuture was opened gap down 150 points and made a low was 14861 then recovered almost 100 points to settled at 14953 on Friday

In last 7 sessions, 4 gap up  and 3 gap down. That is the reason option premium is too high

In last week, Benchmark indices rising over 2.7% while Sensex added 2.6% to end at 50405

The broader markets outperformed with the Midcap gained 3.5% and the Smallcap indices added around 4%

FIIs bought net bought Rs 2200 crore of Indian equities in the week ended March 5 while DIIs sold Rs 2635 crore

India VIX also higher on Friday

Dow Jones rose 447 points, S&P500 gained 60 points and Nasdaq surged 147%

Asian markets rallied on Monday

5 stocks under F&O ban on NSE, Bob, Bhel, PNB, Sail and Suntv

SGXNifty indicate a gap up opening for the index and likely to witness volatile trade during the day

Today NiftyFuture is facing a intraday resistance at 15030, 15060 and 15110

If breaks and sustains above 15110 then will try to move 15160

NF can be considered as supports as 14950, 14920 and 14860

Don’t short at very lower levels

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Updated: 08.50 am / 08th March 2021