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

NiftyFuture last close: 16177.95 (-0.4%)

On Wednesday, NF was seen terrible move and seen huge volatile
NF was opened 16250 then went to 16315 again slipped to 15994
In last 45 minutes bounced up to 16200. Recovered almost 200 points from day’s low
At Close, the Sensex was down 276.46 points or 0.51% at 54,088.39
Nifty was down 72.90 points or 0.45% at 16167.10
Except Nifty Bank, (up 0.6 percent) all other indices ended in the red
Midcap index shed 0.4%, and smallcap index fell 2.2%
US consumer price inflation slowed slightly last month,
Jumping 8.3% compared to April 2021, according to government data released Wednesday
Oil up more than 5%, as Russia-EU energy quarrel intensifies
Morgan Stanley cuts India’s growth forecast in inflation, global slowdown
RBI may up inflation forecast in next MPC meeting, rate hike on cards
FIIs net sold 3609 crore while DIIs net bought 4181 crore
Ibullshsgfin are under F&O ban for May 12
US markets ended lower on Wednesday
Dow fell 326 points while Nasdaq declined 373 points
Asian markets were set to deep red on Thursday’s early trade
SGXNifty indicates more than 150 points gap down

As per open interest, 16200CE 16300CE was added more OI
16000PE was seen highest OI, If Nifty sustains below 16000 may trouble for 16000PE writers

However, NiftyFuture is facing a intraday resistance 16175 and 16230
If stays above 16230 will try to move 16300
But, stay caution at higher levels!!

On other side, NF can be considered as supports as 16075 and 16000
If breaks and manages below 16000 will try to check 15925 and 15850 levels

Updated: 08.50 am / 12th May 2022