17th March 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture last close: 14959.70

NiftyFuture was closed almost flattish note on 16 March but volatility is more

Indian equities was started the day with handsome gains but pressure at higher levels, especially bank index was seen heavy selling pressure

NF was opened 15008 and made a low was 14975 then went to 15085 again dropped up to 14915. Finally closed at 14973

Sensex fell 30 points while the Nifty50 closed 19 points lower at 14910

In March series was opened at 14950 and today NF closed at 14970. Overall 20 points only gained so far in last 13 days

But, In March series high was 15375 and low was 14521

Volatility index fell more than 5% at 20.20

Reliance was sustained 2100 and Hdfcbank was seen selling pressure in last few sessions

US markets ended lower on Tuesday. Dow Jones fell 0.4%, S&P500 lost 0.16% and Nasdaq edged up 0.09%

Nasdaq fell almost 200 points from intraday high

Global markets awaited the result of the Fed two-day policy meeting

Asian markets were set to open mostly lower on Wednesday

FIIs net bought 1692 crore worth of stocks in cash segment while DIIs sold 1168 crore

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

SGXNifty indicate a flat opening for the index and likely to witness volatile will be continues

NiftyFuture was formed a small bodied bearish candle on a daily charts and its weakness for the third consecutive sessions

Today NiftyFuture is facing a intraday resistance 15000, 15040 and 15090

In last two sessions NF struggled around 15080-15100. Hence, stay caution at these levels

Today NF can be considered as supports as 14940, 14905 and 14860

Below 14860…….. expecting bear’s action!!

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Updated: 08.35 am / 17th March 2021