12th Jan 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 18083.55 (+0.2%)

On yesterday, NiftyFuture was opened flat at 18030 then spiked to 18121
In last 45 minutes, NF slipped from 18120 to 18040 then ended 18083
On last few sessions NF was opened gap up and consolidated on whole days
Very tough period of intraday traders!!
However, The Sensex rallied 220 points while Nifty50 climbed 52 points
All indices ended in green except metal index
Metal index fell almost 3% on yesterday
Today TCS, Infosys, Wipro will release their quarterly earnings report on Jan 12
Fed chair Powell says : Inflation poses a major threat to job market will raise interest rates if we have to
World bank projects India’s GDP growth at 8.3% for FY22, and 8.7% for FY23
FIIs net bought 111 crore while DIIs net bought 378 crore
Four stocks under F&O ban : Deltacorp, Idea, Ibullhsgfin, and Rblbank
US markets ended higher on Tuesday
Nasdaq up 1.4%, S&P500 up 0.9% and Dow up 0.5%
US 10year yield below 1.75% after US Fed chairman comments about inflation
European markets ended higher on Tuesday
Crude prices rose to $83/bbl
Asian markets were set to higher opening on Wednesday’s trade
China Dec consumer price index up 1.5% YoY Vs estimates of 1.8% growth

SGXNifty indicates gap up opening for the index
Likely to witness volatile with up trend will be expected during the day
NiftyFuture formed a bullish candle and also formed higher highs and higher lows
Which was indicated buy on dips!!

Today NiftyFuture is facing a intraday resistance 18120 and 18150
If breaks and holds above 18150 will try to check 18220 and 18260

On other side, NF will be considering a supports 18080, 18050 and 18000
If any declines can buy!!

Updated: 08.35 am / 12th Jan 2022