13th Jan 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture last close: 14597.95

Indian market surged for the third consecutive day in a row on Tuesday

Global market has supported and Indian markets hit fresh record highs

NiftyFuture broken 14600 levels and gained 75 points while Sensex rallied by more than 200 points

NF was opened 14478 and slowly went to 14624 then finally closed around 14600

Sector wise, Telecom, energy, realty, public sector was seen action and selling pressure visible healthcare, FMCG and capital goods

Finally underperformed stocks Reliance and Hdfcbank both was spiked and supported to index

Hdfcbank, Bob, Idfcfirst bank, Pnb, Sbi and Fedbank was seen rally on yesterday

US markets closed higher on Tuesday

Dow Jones rose 60 points, S&P500 closed at flat and Nasdaq added 36 points

Asian markets opened mostly higher on Wednesday

India IIP contracts 1.9% in November 2020 Vs 3.6% expansion in October

Retail inflation in India eases to 4.59% in Dec

Infosys and Wipro will announce their quartely earnings on Today after mkt hours

SGXNifty indicate a positive opening for the index and likely to witness some volatile trade

NiftyFuture formed a bullish candle on a daily scale and continued the formation of higher highs from the past 15 trading days

NF is facing a intraday resistance at 14630, 14655 and 14700

Stay caution at higher levels……… better to avoid fresh longs……. Expecting profit booking!!

Today NF considering a supports 14570 and 14545

Below 14545 then will check next support around 14500

Highest OI was seen 14500………. Maybe NF will take support around 14500

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Updated: 08.49 am / 13th Jan 2021