09th April 2021 #NiftyFuture Intraday Levels and Pre-marker Report

NiftyFuture last close: 14924.40 (+0.2%)

Indian equities market remained volatile on April 8 due to weekly expiry and global cues

NF was opened 14940 and made a low of 14873 then shot up to 15044.70 in last 2 hrs NF slipped almost 100 points from intraday high and settled at 14934

However, Indices managed to close in the green for the third consecutive day despite profit-taking at higher levels

The final tally was Nifty50 gained 54 points to 14873 while Sensex closed 84 points higher to 49746

Metal stocks was out-perform on yesterday. Tatasteel, Jswsteel, Jindalstel, Hindalco, Sail went more then 5% to 12%

IT stocks shined in this week due to earnings session will be start on coming week on-wards

IT stocks will be in focus most of the big giant IT company will declare result on next week

Banking stocks still underperform and was seen selling pressure in front line banks

Indian volatility index sustained around 20. Its good for option writers

US markets ended higher on Thursday. S&P500 closed at a record high

Dow Jones rose 57 points, Nasdaq added 140 points and S&P500 gained 17 points

Asian markets were set to choppy trading on Friday

FIIs net bought 110 crore worth of stocks and DIIs also bought 552 crore

SGXNifty indicate a cautions opening for the index with 10-20 points loss

NiftyFuture formed a Doji candle pattern in a daily scale which means wild swing within a range of more than 150 points and its closed near the opening levels

NF continued to form higher lows from fourth consecutive sessions

Today NF is facing a intraday resistance 14950, 14980 and 15040

Stay caution at higher levels……… Avoid fresh buy at higher levels until if not close above 15000

NF considering a supports 14900, 14870 and 14830 thereafter will try to check 14770

More live market update will be sent to my clients only

Updated: 08.52 am / 09th April 2021