16th Jan 2023 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 18025.25 (+0.6%)

Market closed with a gain of 0.5 percent amid volatility for the week ended January 13
The benchmark Index this week has made a couple of attempts to breach 17,800 – 17,780 levels
But was not successful as prices were continuously finding support
On weekly basis, Sensex rose 360.81 points or 0.60 percent to end at 60,261.18
Nifty50 added 97.15 points or 0.54 percent to settle at 17956.6 levels
However, for the month both the equity benchmarks lost 1 percent each
Weekly basis, Metal and IT indices added 3 percent
Power and capital goods indices rose more than 2 percent each
Consumer Durables index lost 3 percent and FMCG index shed nearly 1 percent
Large-Cap index added 0.6%, Mid-Cap ended flat and Small-cap rose 0.2%, during the week
FIIs sold equities worth Rs 9,605.64 crore,
While DIIs bought equities worth of Rs 10,042.08 crore
However, in this month till now, FIIs offloaded equities worth Rs 17,419.08 crore
DIIs bought equities worth Rs 12,798.66 crore
Nomura sees 75 bps RBI rate cut in 2023 as GDP slows
RBI Governor says no need to revisit 4% inflation target
Today’s result stock Federalbank and Kesoramind
HDFCBank reports strong double digit growth in its Q3 net profit
Ibullshsgfin and GNFC are under F&O ban for Jan 16
US futures higher following a close in the green for cash market
US markets is shut today on account of Martin Luther King Jr day
S&P500 and Nasdaq post 2nd consecutive weekly gains and best week since Nov
US 10-year yield rises to 3.5%
Crude rises on hopes of rising demand from China
Brent crude above $85/bbl
Gold prices rise above $1920/oz and post a 9-month high on weak dollar
Asian markets were set to higher opening

SGXNifty indicates positive opening for the index
Likely to witness side-ways trade will be expected due US markets is shut today
However, This week NF trend decider 18230 & 17820
Today NiftyFuture is facing a intraday resistance 18050, 18080 and 18110
If sustains above 18110 finding a next resistance 18165

On other side, NF can be considered as supports as 17980 and 17950
Below 17950 finding a next support around 17880

Updated: 08.55 am /16th Jan 2023