18th March 2021 #NiftyFuture Intraday Levels and Pre-market report

 NiftyFuture last close: 14771.30 (-1.3%)

 Indian market slipped in the red for the fourth consecutive session in a row on Wednesday

NF was opened positive note only but unable to sustained opening gains

NiftyFuture was opened 14968 then slipped 14875 again went to 14981 then bears came with full power and index slipped 14721

Profit booking was seen in all sectors

Sensex closed below 50000 at 49801 while Nifty50 fell 189 points to 14721

Midcap and Small-cap index fell more than 1.5% respectively

Ahead of FOMC meeting the bank index fell for the third consecutive session

India VIX fell almost 4-5% but in last 1 hour came flat note

Last time RBI Governor told when Nifty around 12000 “It has nothing to do with the market and the economy” Nifty went to 15400 after he told

Now, He told ” Worst over, Economy will move only upwards What will react market on coming days ?

FED chairman told “The US economy is heading for its strongest growth in nearly 40 years and No rate hikes

Fed keeps rates near Zero and Dow Jones closed at record highs on Wednesday

Dow closed above 33000 for the first time

Asian markets were set for highest opening on Thursday

FIIs net bought 2625 crore while DIIs sold 562 crore in cash segment

SGXNifty indicate a gap up opening for the index and likely to witness volatile trade during the day

NiftyFuture was formed a strong bearish candle on a daily chart and continued its weakness for the consecutive four sessions

However, NF will open around 14900+

NiftyFuture is facing a intraday resistance 14870, 14930 and 14985

If stays above 14985……… will try to check 15050. But stay caution at higher levels

Huge OI was seen 15000CE, Maybe trouble for this one!!

Today NF can be considered as supports as 14800, 14765 and 14740 (yesterday’s low)

Below yesterday’s low………….. We see more blood bath

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Updated: 08.56 am / 18th March 2021