17th June 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 15348.55 (-2.3%)

What a bad Thursday!!
Indian benchmark indices fell 2 percent each to touch fresh 52-week low
Continued to make losses for the fifth consecutive day on June 16
NiftyFuture was opened gap up almost 150 points gain at 15820 and went to 15865 first 5 minutes
Then slowly melting from 15865 to 15328 until the last minute of the day
NF fell more than 500 points from day’s high to low
Sensex was down 1,045.60 points, or 1.99%, at 51,495.79
Nifty was down 331.60 points, or 2.11%, at 15,360.60
Metal index fell 5.5 percent
Auto, Bank, Capital Goods, IT, Power and Realty indices shed 2% each
Bank index declined more than 1400 points from day’s high to low
Midcap and smallcap indices also declined over 2 percent each
Oil prices settled around $119 a barrel
FIIs net sold 3257 crore while DIIs net bought 1929 crore
Dow slips below 30000 for the first time since Jan 2021 and down 2.4%
S&P500 slips 6% for this week and worst week since March 2020
US 10 year bond yield slips to 3.26%
BOE implemented a fifth consecutive hike to interest rates
Swiss national bank took a 50 bps hike for the first time since 2007
US dollar tumbled 3.1% against Swiss Franc and largest one day drop in over 6 years

NiftyFuture has formed a bigh bearish candle on June 16 and ended below 52-week low
Today NiftyFuture is facing a intraday resistance 15400, 15440 and 15500
If breaks and holds above 15500 will try to move 15600
But, Stay caution at higher levels!!

On flip side, NF can be considered as supports as 15300, 15250 and 15200
Below 15200……… expecting more pain

Updated: 08.45 am / 17th June 2022