11th May 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 16247.10 (-0.3%)

On Tuesday, NiftyFuture was opened positive note at 16263 then went to 16410
In last 45 minutes, NF was slipped from 16400 to 16209
Bulls was dominated almost 5 hours to lift the index
But, Bears was dominated within 45 minutes and index fell 200 points from day’s high
Sensex was down 105.82 points, or 0.19%, at 54,364.85
Nifty was down 61.90 points, or 0.38%, at 16,240
The metal index dropped over 5% in afternoon trade
Nifty energy, IT, metal and pharma indices were down 1-5 percent.
Nifty Bank added 0.6%
Midcap and smallcap indices falling 2% each
India’s retail inflation likely accelerated to an 18- month high in April- Poll
Today’s result stocks Adaniports, PNB, and Cholafin
FIIs net sold 3960 crore while DIIS net bought 2958 crore
China’s producer prices rose at the slowest pace in a year in April
China’s April PPI +8% YoY and CPI +2.1% YoY
US future marginally higher after a mixed close for spot market
Nasdaq index closed marginally higher and gained 0.98%
Dow ended 85 points lower on 10 April
US 10-year bond yield slipped to 2.9% ahead of April inflation report
Today at 6 PM, US April month inflation will be out expectation at 8.2% Vs 8.5%

SGXNifty indicates a negative opening for the index
Likely to witness highly volatile will be expected during the day
As per open interest 16000PE and 16500CE was added more OI

However, NiftyFuture is facing a intraday resistance 16285, 16310 and 16350
IF stays above 16350 then will try to move 16420
Stay caution at higher levels!!

On other side, NF can be considerd as supports 16225 & 16190
If stays below 16190 will try to check 16150 then 16075

Updated: 08.37 am / 11th May 2022