13th April 2021 #NiftyFuture Intraday Levels and Pre-marker Report

NiftyFuture last close: 14343.25 (-3.7%)

What a day of April 12 and whole day bears have an upper hand

NF was opened gap down at 14689 and dropped 14282. Then closed at 14365

The record daily surge in covid-19 cases and fear of a lock-down in Maharastra

Tough restrictions in all other states so market was seen blood bath on April 12, 2021

Sensex declined more than 1700 points while Nifty50 snapped 525 points

Midcap index fell 5.3%, Smallcap index slipped 4.8% and Bank index fell more then 6%

More than 9 lakh crore market capitalization was dropped in single day

Volatility index spiked 15% from 19.78 to 23 and option premium at too high due to volatility

Banknifty fell more than 1600 points

TCS announced Inline with expectation result

DRREDDY stock spiked 7% after Govt approved Sputnic V

US markets ended lower on Monday. US markets waiting for cues from the upcoming corporate earnings season and a key inflation report later this week

Dow down 55 pts, Nasdaq fell 50 points and S&P500 closed flat

Asian markets edged higher on Tuesday

But, Indian markets are not reacting for global cues

IIP shrinks 3.6% in Feb and March CPI inflation at 5.52% vs 5.03%

FIIs sold 1746 crore while DIIS net bought 232 crore in cash segment

SGXNifty indicate a modest gain for the index and likely witness highly volatile will be expected during the day

NiftyFuture formed a strong bearish candle on a daily chart which was indicating sell on rise mode

Nifty (spot) has bounced from 100 DMA around 14250 on yesterday, If the index sustains above the level it can make an attempt to bounce-back upto 14380, 14430 and 14500

Suppose if sustains below 14250 could extend the weakness towards  14180 and 14120

Already I did mention Nifty positional target was 13800 when Nifty trading @ 14800-15000

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Updated: 08.50 am / 13th April 2021