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

NiftyFuture last close: 18451.85 (-0.1%)

The Indian equity benchmark closed with minor gains in yet another volatile session on November 16
NF was opened 18462 and dropped 18400 again went to 18492 once again dropped to 18387
Finally ended at 18451.85
Sensex ending 107.73 points, or 0.17 percent, higher at 61,980.72
Nifty gaining 6.30 points, or 0.03 percent, at 18,409.70
Power, realty and metal indices fell a percent each
While some buying was seen in the banking names
Midcap index shed 0.6 percent and the smallcap index was down 0.3 percent
VIX shot up to 15.25
HDFCBank ADR down nearly 4% after the hours trade
Axisbank and Icicibank ADR was down 1.5% to 2%
FIIs net sold 386 crore while DIIs net bought 1437 crore
Balramchin, Ibullshsgfin, Suntv, Bhel, Deltacorp, GNFC are under F&O ban for Nov 17
Dollar steadies as US spending points to rate hikes
UK inflation hits 41-year high as hunt readies tough budget
US retail sales increse solidly in Oct
Softbank looks to offload $200 million worth of stake in Paytm as lock in ends
Crude down 1.3% to $92.65/bbl
US markets lost 0.12% and Nasdaq down 1.55%
Asian markets were set to open mixed trend on Nov 17

SGXNifty indicates a negative opening for the index
Likely to witness volatile will be expected during the day
NiftyFuture is facing a intraday resistance 18470, 18490 and 18520
Stay caution at higher levels!!…

On other side, NF can be considered as supports as 18420, 18390 and 18340
Strong support zone around 18300-18320.
If sustains below the level…… Expecting more damage!!

Updated: 08.45 am / 17th Nov 2022