18th May 2022 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 16254.95 (+2.6%)

On Tuesday, NiftyFuture was seen unexpected rally and gained more than 2.5%
NF was opened 1950 and slowely went to 16275 not seen any intraday sell-off
Sensex was up 1,344.63 points, or 2.54%, at 54,318.47
Nifty50 was up 417 points, or 2.63%, at 16,259.30
Bank, Auto, PSU Bank, Energy, IT and Pharma indices rose 1-3%
Midcap and smallcap indices gaining more than 2% each
LIC shares closed the day 7.7%lower at Rs 875.45 and issue price was at Rs 949
Japan’s Q1 GDP shrinks as Ukraine
Oil prices climb on hopes of China demand recovery
Fed to keep hiking rates until in controls inflation : Jerome Powell
Govt weighs selling part of BPCL instead of full stake report says
Today’s resuls ITC, IGL, Lupin, Mannapuram, Pidilitind, Lichsgfin, and IOB
FIIs net sold 2192 crore while DIIs net bought 2294 crore
Three stocks are under f&o ban GNFC, Ibullshsgfin, and Pnb
US markets ended higher on Tuesday with all the frontline indices gaining 1-3%
Nasdaq climbed nearly 2.8% on Tuesday to close at day’s high
US 10-year bond yield climbed 2.9%
UK unemployment fell to its lowest since 1974
Asian markets mixed reacting to Fed’s commentary and Hangseng index down 0.3%
SGXNifty indicates marginal lower opening

As per open interest data showing there is no significant OI on nearby strikes
Due to huge and unexpected rally on yesterday
However, Nifty 16500CE and 16000PE was seen highest OI
NiftyFuture is facing a intraday resistance at 16290 & 16325
If breaks and holds above 16325 then will move to 16375-16400

On other side, NF can be considered as supports as 16180 and 16140
Below 16140, will try to check 16040-16000

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Updated: 08.32 am / 18th May 2022