08th Oct 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 17808.15 (+1%)

The Indian equity market recovered on Oct 7
The global cues was supported and lift the sentiment
NiftyFuture was opened 17772 and shot up to 17884
But, NF was ended 17816 & down almost 70 points from day’s high
Sensex was rallied 488 points while Nifty50 up 144 points
Midcap index rose 2% and smallcap index gained 1.3%
Auto index rallied more than 4% and IT index up 2%
Street wait for RBI policy and TCS earnings report
Volatility index slipped 5% and settled around 16.50
RBI tol take interest rate decision on today 10 am
Fitch cuts India’s FY22 GDP growth forcast to 8.7%
FIIs net sold 1765 crore while DIIs net bought 2528 crore in cash segment
Five stocks under F&O ban. Canbank, Nationalum, Pnb, Sail and Ibullshsgfing
US markets rebounded on Oct 7.
Asian markets trade with gains Nikkei up over 2%
Senate approved the bill to help US avoid default on its Debt in next few weeks
Crude back to multiyear high around $83
Dow gained 0.98% and Nasdaq gained 1%
Asian markets were set to higher on Friday

SGXNifty indicates a positive opening for the index likes 50-75 points
NiftyFuture formed a Doji kind of pattern which was indicating caution at higher level
However, NiftyFuture is facing a intraday resistance 17840 and 17885
Once if breaks and holds above 17885 then will try to check 17920 and 17960

On other hand, NF considering a supports 17785, 17750 and 17700
If sustains below 17700, Then will check 17640
But, don’t short at very lower levels

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Updated: 08.45 am / 08th Oct 2021