09th Sept 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 17370.90 

On Wednesday, NiftyFuture was opened 17400 then fell and broken previous day’s low 17300 again shot up to 17380

In last two sessions, index was broken previous day’s lows

NF was consolidated around 17350-17450

The net tally was Nifty50 declined 8 points while the Sensex fell 30 points

Bank stock did well on yesterday

Especially Kotakbank gained more than 3% on yesterday

Heavy weight Reliance sustained 2430

FIIs net sold 802 crore while DIIs net bought 60 lakhs (very surprising) in cash segment

Three stocks under F&O ban. IRCTC, Ibullhsgfin and Nationalum

On global side, US markets continue downtick after lower cash session on Wednesday

Dow slips for third consecutive session the index was down 68 points

Nasdaq underperform other US indices on Wednesday

European markets close lower on Wednesday

While updating SGXNifty indicates 50 points down for the index and likely to witness volatile session during the day

NiftyFuture formed the hanging man type of pattern which was indicating caution at higher levels

NiftyFuture is facing a intraday resistance 17395, 17420 and 17450

Stay caution at higher levels!!

NF can be considered as supports as 17345, 17310 and 17275

Updated: 08.50 am / 09th Sept 2021