16th April 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 14592 (+0.3%)

As usual NiftyFuture was seen volatile day on 15th April and Bulls managed to regain control

NF was opened 14574 then dropped and made a low of 14374 then shot up to 14615

Absolutely index was formed V shape

The Sensex rose 259 points to 48803 and the Nifty50 gained 77 points to 14581

The Delhi Govt imposed a weekend curfew in the national capital to control the Covid-19

Sector wise buying was seen power, energy, banks and metals profit booking visible auto stocks

Tighter restrictions in Maharastra, Delhi, and Rajasthan further added to the jitters

Wipro announced good qtr result and ADR was up more than 7%

Today Mindtree will release quarterly numbers on April 16

China GDP came with inline expectation

Global, FIIs buying figure in cash segment, F&O long buildup are also good sentiment

But…The only negative sentiment is virus surging and crossed 2 lakh infections per day

US markets ended record highs on Thursday

S&P500 rose 45 points, Nasdaq added 180 points and Dow Jones gained 305 points

Asian markets followed by US markets

FIIs net bought 979 crore while DIIs sold 525 crore in cash segment

SGXNifty indicate a flat opening for the index

NiftyFuture has formed a bullish candle and index closed above the opening price which was indicated declines were being bought

NF is facing a intraday resistance 14630, 14655 and 14690 which was placed at Monday’s high

If sustains above 14690…… We see more power

Today NF can be considered as supports as 14560, 14530 and 14490

Below 14490………. Try to check 14440……….. But don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.48 am / 16th April 2021