16th March 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture Last Close: 14968.75 (-0.5%)

NiftyFuture was opened at almost flattish note then seen vertical fall up to 14771 and last 1 hour recovered almost 200 points from day’s low on 15 March

NF again took support around 14750

The Sensex fell 400 points while the Nifty50 was down 100 points

Yesterday Indian markets was slipped despite of global markets was trading at higher levels

Indian VIX index dropped more than 2%

Oil prices edged lower on Monday at $68.88 a barrel

Covid-19 virus cases surged in north India. It is big trouble in Indian equities

US markets closed at a record high on Monday

Dow Jones rose 0.54%, S&P500 gained 0.65% while Nasdaq spiked 1%

Asian markets were set to open at higher levels on Tuesday

FIIs net sold 1101 crore value of stocks in cash segment while DIIs sold 749 crore

2 stocks under F&O ban on NSE. BHEL and Suntv

SGXNifty indicate a positive opening for the index and likely to witness volatility trade will be expected during the day

Today NiftyFuture is facing a intraday resistance at 15025, 15050 and 15100

If breaks and sustains above 15100, Then will move 15150-15180

Today NF can be considered as supports as 14960, 14920 and 14880

Below 14880, Finding a next support around 14775-14800

Don’t short at very lower levels

Updated: 08.29 am / 16th March 2021