17th May 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 14714.95

On Friday, NiftyFuture was opened 14710 and made a low of 14620 then spiked up to 14755. Finally closed at 14715

On Friday SGXNifty went to 150 points rally but now indicates almost 50 points up

Positive news is, Virus cases below 3 lakh on yesterday, Many states purchase vaccine directly to manufacturer

Virus cases declined in north India but shot up in south India

However, I expect the virus case to decrease in the coming days ahead of full lock-down

Few days back, Global cues was good while local cues was bad

But now, Global cues is bad while local cues is good

US markets closed higher on Friday. Dow Jones rose 360 points and Nasdaq added 305

Asian markets were set to edged caution higher trade on Monday

China industrial output rises 9.8% YoY and retail sales up 17.7% YoY

Today focus on Bhartiartl, Fedbank, Colpal and Sunpharma advance

FIIs net sold 2607 crore in cash segment while DIIs net bought 613 crore in cash segment

Six stocks under F&O ban in NSE. Bhel, Cadilahc, Pnb, Canbank, Sail and Suntv

SGXNifty indicate a positive opening for the index and likely witness range during the day

NiftyFuture weekly trend decider 15025 and 14450

Today NiftyFuture is facing a intraday resistance 14755 and 14790

If crossover 14790 then will try to move 14850. Stay caution at higher levels!!

Today NF considering a supports 14690, 14665 and 14620

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.43 am / 17th May 2021