09th March 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture last close: 14969 (+0.1%)

Indian markets snapped its two-day losing streak but profit taking was seen at higher levels on March 8

NF was opened 15000 and went to 15140 then slipped 14927. Finally settled at 14978

NF was seen range with volatility on March 8

Sector wise action  was seen energy, metals, media and IT stocks while selling pressure visible FMCG and financial stocks

India VIX fell almost 3% but premium is too high

Oil prices were nearby record highs following geopolitical issue in Gulf country

US markets ended with mixed trend. Dow Jones gained 0.95%, S&P500 lost 0.54% and Nasdaq slipped 2.41%

Nasdaq is dropped more than 10% from its Feb 12 record close

Asian markets were set for a strong opening on Tuesday

Oil prices dropped from peak above $70 a barrel

FIIs sold 1494 crore value of shares in cash segment while DIIs bought 484 crore

5 stocks under F&O ban. BOB, BHEL, PNB, Sail and Suntv

SGXNifty indicate a positive opening for the index above 15000 mark

NF formed a small bodied bearish candle on a daily chart which indicates limited upside and downside

NF is facing a intraday resistance at 15025 and 15085, If sustains above 15085 then will try to check 15140 and 15185

Stay caution at higher levels!!

NF is considering a supports as 14950 and 14920

Below 14920……… expecting further weakness up to 14850

Don’t short at very lower levels

More live market update will be sent to my clients only

Updated: 08.44 am / 09th March 2021