12th Nov 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 17896.85 (-0.7%)

On Thursday, NiftyFuture was opened high of 17985 then fell up to 17807 and ended 17896.85
NiftyFuture was struggled around 17650 to 18150 in last 10 days
Except metal index and other all index ended in red
Midcap and small-cap index fell 1% each
Bank index fell almost 1%
Volatility index gained 3%
Dollar hits 16 month high
Today’s result stocks Coalindia, Grasim, Heromoto, Hindalco, Ongc, Amarajabat, Apollohosp, Ashokley, Bharatforg, Burgerking, Glenmark, Mothersumi and Nalco
FIIs net sold 1637 crore while DIIs net bught 445 crore
Severn stocks under F&O ban BOB, Bhel, Ibullhsgfin, Pnb, Sail and Suntv
Gold hits 5 month high as inflation worries
US markets ended marginally lower on Thursday
Dow ends 0.5% lower and Nasdaq ended 130 points higher
European markets ended higher on Thursday
Asian markets were set to open higher on Friday

SGXNifty indicates a positive opening for the index
But, NiftyFutur formed a small bodied bearish candle on yesterday

However, NiftyFuture is facing a intraday resistance 17930, 17955 and 18000
Above 2nd and 3rd resistance are crucial for today’s trade
Stay caution at higher levels!!

On other hand, NF can be considered as supports as 17860, 17840 and 17800
Below 17800……… will try to check 17740

Note it : Very strong support around 17650-17700. Below 17650 will see blood bath

Updated: 08.50 am / 12th Nov 2021