17th Dec 2021 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close : 17317.50 (+0.3%)

On Thursday, NiftyFuture was opened 17400 and didn’t sustained opening gain fell upto 17233
In last 30 minutes NF was spiked more than 60 points
Do you know ? On yesterday, I written NF resistance at 17400. NF made a exact high was 17400
I recommended Nifty 17500PE at 160 and went to 270
The final tally was Sensex up 113 points while Nifty was up 27 points
Banknifty was seen under perform and fell 240 points
Midcap and Small-cap index fell 0.5% to 0.75%
Volatility index sustained around 16.50
FIIs net sold 1468 crore while DIIs net bought 1533 crore
Escorts and Idea are under F&O ban for Dec 17
Bank of England raises interest rates to 0.25% from 0.1%
US markets ended lower on Thursday after massive spike on Wednesday
US markets erased Wednesday’s gains
Dow ended flat, S&P500 fell 0.9% and Nasdaq was down 2.5%
Nasdaq worst fall since Sept month. Adope down 10% and Apple down 4%
European markets ended higher on Thursday
Asian markets under selling pressure in Friday’s early trade
Crude climbs near $75/bbl

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

However, NiftyFuture is facing a intraday resistance 17350 and 17400
If sustains above 17400 then will move 17450…
But stay caution at higher levels!!

On other side, NF can be considered as supports as 17280, 17240 and 17200
Below 17200……… Expecting more pain up to 17050-17000

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Updated: 08.44 am / 17th Dec 2021