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

NiftyFuture last close: 18004.00 (-0.8%)

On Tuesday, NiftyFuture was opened 18120 and flashed high was 18159.95 then slipped to 17979
Do you know ? Yesterday I written NF support at 17980
In last two sessions was seen selling pressure at higher levels
There is no strength at higher levels
Reliance declined 2.75% on yesterday and contributed 50 points to Nifty
All front line stocks was seen selling pressure like Hdfc, Hdfcbank, Sbi, Icicibank
Volatility index slipped 2%
Go Fashion IPO opens today and the price band has been fixed at Rs 655 to Rs 690 per share
FIIs net sold 560 crore while DIIs net bought 577 crore
7 stocks under f&o ban, Bhel, Ibullshsgfin, Irctc, Nalco, Pnb, Sail and Suntv
US markets ended positive on Tuesday
Dow rose 57 points, S&P500 gained 18 points and Nasdaq was up 119 points
US October retail sales growth at 1.76% slightly higher than expectations of 1.5%
US 10 year yield sustains above 1.6%
European markets closes higher on Tuesday due to inline with expectations of GDP
Crude slipped and settled $82 per barrel

NiftyFuture formed a bearish candle on consecutive second day
SGXNifty indicates a negative starts for the index

However, NiftyFuture is facing a intraday resistance 18030, 18050 and 18100
Above levels are hurdle for today’s trade!!
Stay caution at higher levels!! Don’t jump and buy!!

On other side, NF considered as supports as 17970, 17940 and 17900
Below 17900…… Expecting more weakness up to 17830

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Updated: 08.44 am / 17th Nov 2021