16th Dec 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture Last close: 18467 (-1.5%)

Indian equity markets snapped a two-day rally and ended lower on December 15
NF was opened 18705 and went to 18742 then slipped vertically to 18437
Sensex was down 878.88 points or 1.40% at 61,799.03
Nifty was down 245.40 points or 1.32% at 18,414.90
All the sectoral indices ended in the red
Nifty Bank, IT, metal and PSU bank down 1-2%
Auto, energy, FMCG and pharma were down more than 0.5% each
BSE midcap and smallcap indices lost 0.6-1 percent
VIX shot up to 13.75 from 13
FIIs net sold 710 crore while DIIs net bought 260 crore
IRCTC, Pnb, Ibullshsgfin, Bhel, Deltacorp, GNFC are under F&O ban for Dec 16
ECB raises interest rate by 50 basis points
Oil prices slide 2% as dollar firms up and central banks hikes interest rates
GMM Pfaudler promotor to sell 1.34 crore shares (29.88% equity) at 1700/share and 12% discount to CMP
Govt announces sharp reduction in windfall tax on crude, diesel and ATF
US Futures flat following a sell-off in the cash market on Dec 15
US markets ends with deep cuts
All front line indices fall up to 2.5% to 3.5%
Dow slips 764 points to post worst single day fall since Sept
US 10-year yield slips to 3.45% from 3.5%
Gold slips further to $1777/oz from $1800/oz
Asian markets lower in early trade
Nikkei down 2% and Hangseng down nearly 1.5%
SGXNifty indicates a lower opening for the index

NiftyFuture formed a big bearish candle on Dec 15
NiftyFuture is facing a intraday resistance 18500, 18550 and 18635
Above resistance are crucial for today’s trade!!
If any rally can sell and caution trade at higher levels!!

On other side, NF can be considered as supports as 18410 and 18380
If trade below 18380 finding a next support around 18300

Updated: 08.45 am / 16th Dec 2022