16th Feb 2021 #NiftyFuture Intraday Levels and Pre-marker report

NiftyFuture last close: 15332.20 (+1.1%)

Indian equities resumed its bullish mode and gained over 1% to hit fresh record highs on Feb 15

NF was opened gap up at 15250 and slowly went and closed to 15357

Sensex claimed 52000 and index was up 610 points while Nifty50 gained 150 points

Bank index climbed more than 3%

Action was seen Banking stocks, Financials, PSU banks while selling pressure visible IT, metal and energy stocks

Icicibank, Axisbank, Kotakbank, Bajfinance and SBIN did very well

VIX fell more than 2.5% but option premium is too high

Dow future is now higher points of the session after the Holiday of President’s Day

Doller index slipped two weeks low

European stocks closed on higher levels on Monday

Japan’s Nikkei rose 0.4% to a 30 year high

Oil hits 13 month high on Monday

FIIs net bought 1234 crore in cash segment while DIIs sold 1048 crore

NiftyFuture has formed a bullish candle on the daily chart and continued forming higher highs and higher lows since last three sessions

Today NiftyFuture is facing a intraday resistance 15350, 15370 and 15400

Suppose if stays above 15400……….. then will try to move 15460

However, Better to trade intraday and Braveheart traders can hold overnight positions

Today NF considering a supports 15320, 15300 and 15250

Don’t short at very lower levels until 14980.

More live market update will be sent to my clients only

Updated: 08.44 am / 16th Feb 2021