18th Feb 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

Niftyfuture last close: 17290.20 (-0.2%)

On Thursday, NiftyFuture was seen roller coaster style volatility
NF was opened almost 50 points gain but unable to sustained opening gain
NF was opened 17375 and went to 17437 then slipped to 17217 again bounced to 17350
The final tally was Nifty50 declined 18 points while the Sensex fell 105 points
Volatility index spiked 7% and ended around 22.50
Bank index was seen heavy selling pressure
Midcap and smallcap index lost 0.5%
Morgan Stanley expects Fed to hike rates 6 times in 2022
Oil falls on prospect of Iran oil sanctions easing
FIIs net sold 1242 crore while DIIs net bought 901 crore on Feb 17
Escorts and Ibullhsgfin are F&O ban on 18 Feb
US markets fell almost 2%
Dow was down 622 points while Nasdaq declined 407 points
Brent crude back below $93/bbl
Asian markets are under selling pressure on Friday early trade

NiftyFuture can be considered as supports as 17240-17200
Once if breaks and holds below 17200, expecting more weakness up to 17160 and 17100

On other side, NF is facing a intraday resistance at 17330, 17360 and 17400
If there is any rally can sell with a stop of resistance zone!!

Updated: 08.47 am / 18th Feb 2022