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

NiftyFuture last close: 17008.75 (+2%)

On Wednesday, NiftyFuture was rallied around 2% and surged more than 7% in last seven sessions
NiftyFuture was opened gap up at 16870 and consolidated around 16920-16970 on entire day
All index ended 1% to 3% gain on 16 March
Volatility index cooled off 10%
Hangseng index surged more than 9% on 16 March
HangSeng future index rallied more than 6% on 17 March
Oil traded in a $6 range between $96 to $103
International court of Justice orders Russia to cease military operations in Ukraine
FIIs net buyer after a long period
FIIs net bought 312 crore while DIIs net bought 772 crore
Canada’s inflation rate surges to a fresh 30 year high
The FED raised interest rates for the first time since 2018
The US markets ended more than 2% higher on 16 March
Dow ended 518 points higher, S&P500 gained 95 points and Nasdaq added 489 points
Asian markets were set to higher opening on Thursday’s early trade

SGXNifty indicating a big gap up opening for the index
As per open interest 17000CE added more OI, and 17500CE added highest OI
Big trouble for 17000CE writers and they will cover their position aggressively

However, NiftyFuture is facing a intraday resistance 17050 and 17125
If breaks and holds above 17125 will try to move 17200 and 17275-17400

NF can be considering a supports 17000-16900

Updated: 08.40 am / 17th March 2022