12th Jan 2023 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17962.95 (-0.1%)

The Indian equity benchmarks closed flat after a highly volatile session on January 11
NF was opened 18000 then fell to 17890 then spiked 18030 within 20 minutes
Then settled around 17950-18000 in the rest of hours
Sensex closed 9.98 points, or 0.02 percent, lower to 60,105.50
Nifty dropped 18.50 points, or 0.10 percent, to close at 17,895.70
Nifty FMCG index fell 1%, while auto, pharma, energy and infra were down 0.5% each
Nifty Bank, metal, IT and PSU Bank indices added 0.3-0.7 percent
Highly volatile market but VIX colled-off 1% to settled at 15.30
Hdfcbank and Icicibank did well to lift the bank index
Reliance down significantly and drop the index
As per open interest Banknifty 42000PE and 42500CE was seen highest OI
Nifty 18000CE was seen huge OI
Today’s result stocks Infosys and HCLTech
FIIs net sold 3208 crore while DIIs net bought 2430 crore
Ibullshsgfin and GNFC are under F&O ban for Jan 12
Sah Polymers makes a debut today which was subscribed 17.46 times
The Sah polymers set the issue price at Rs 65 per share
HSBC expects Fed’s final rate hike on Feb 1 and cuts next year
Oil gains 3% on global economic optimism
Brent crude rose $2.6 to settled $82.70/bbl
US markets ended up sharply on Wednesday ahead of inflation report
Dow Jones rose 268 points 0.8% and Nasdaq gained 190 points 1.75%
US 10-year yield falls to 3.55%
Gold prices hover around 8 months highs of $1880/oz
Asian markets largely higher in early trade
Hangseng up 0.5% and Nikkei were set to flat

As per open interest 18000CE was seen huge OI
However, NiftyFuture is facing a intraday resistance 18000, 18020 and 18060
If breaks and manages above 18060 will try to move 18130
But, Stay caution at higher levels

On other hand, BNF can be considered as supports as 17940, 17910 and 17880
Below 17880 expecting more fall up to 17830-17800

Updated: 08.42 am / 12th Jan 2023