13th Jan 2023 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17918.65 (-0.2%)

The Indian equity benchmark ended lower after yet another volatile session on January 12
NF was opened 17980 and went to 18020 then slipped to 17820 again shot up to 17920
Sensex ended 147.47 points, or 0.25 percent, lower at 59,958.03
Nifty fell 37.50 points, or 0.21 percent, to close at 17,858.20
Oil & gas index fell 1%, the bank index 0.5% and the FMCG index lost 0.4%
Capital goods, power and information technology indices added 0.3-0.8 percent
Midcap and smallcap indices ended flat
India inflation falls below RBI’s Oct-Dec forecast
India December CPI at 5.72% Vs 5.88% (MoM)
India November IIP at 7.1% Vs -4% (MoM)
Infy Net profit grows over 13 percent year-on-year to Rs 6,586 crore
INFY Revenue growth guidance raised to 16-16.5% from 15-16%
US inflation colls again
United States reports annual inflation of 6.5% in December, the lowest since October of 2021
Today Wipro going to announce their Q3 earings report
Hdfcbank and Dmart will be announced their earnings report on 14th Jan
FIIs net sold 1662 crore while DIIs net bought 2127 crore
US future marginally lower following a close in the green for cash market
Major indices rise up to 0.5% to 1%
Nasdaq posts 5 straight sessions of gain
US 10-year yield falls to 3.47% from 3.57% following the inflation reading
Asian markets were set to mixed on early trade
Japan’s Nikkei down 1% and Hangseng at flat note

NiftyFuture is facing a intraday resistance 17950, 17980 and 18030
If stays above 18030 then will move to 18080
But, Stay caution at higher levels!!

On flip side, NF can be considered as supports as 17880 and 17860
Below 17860 finding a next support around 17820
Thereafter expecting more selling pressure

Updated: 08.40 am / 13th Jan 2023