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

NiftyFuture last close: 17891.80 (-0.7%)

On Thursday, NiftyFuture was seen highly volatile and ended 0.7% down
NF was opened 18050 and went to 18099 then dropped to 17866
In last three sessions NF was struggled around 18100
Sensex tanked 413 points or 0.7 percent to close at 59,934
Nifty took a hit of 126 points or 0.7% to end the weekly expiry day at 17,877
Banknifty index was seen selling pressure after hitting all time high
Private banks did not well on Sept 15
VIX sustained around 18.50
Fitch lowers India’s FY23 GDP growth forecast to 7% from 7.8%
IMF sees further global economic slowdown in third quarter
Reliance Jio adds 29.5 lakh users in July vs 42.2 lakh in June
Oil falls over 3% on demand concerns and strong dollar
US retail sales unexpectedly rise in August
FIIs net sold 1270 crore while DIIs net sold 928 crore
Ibullshsgfin and Rblbank are under F&O ban for Sept 16
US future indicate continued losses for cash market down over 100 points
US market ends with cuts and all frontline indices slip up to 0.5% to 1%
FedEx tumpled 15% in extended trading as management withdraw full-year guidence
European markets ended largely lower
Gold prices drop to lowest level since April 2020 on firm dollar
Asian markets lower in early trade

SGXNifty indicates a gap down opening for the index
Likely to witness highly volatile will be expected during the day

NiftyFuture is facing a intraday resistance 17910, 17935 and 17960
If breaks and manages above 17960 will try to move 18020
Stay caution at higher levels!! until 18100

On flip side, NF can be considered as supports as 17830 and 17770
Below 17770, finding a next support around 17700 and 17640

Updated: 08.52 am / 16th Sept 2022