19th April 2021 #NiftyFuture Intraday Levels and Pre-market Report

NiftyFuture last close: 14645.70

On Friday, NiftyFuture was opened 14605 and shot up to 14733 then slipped to 14650

In last 30 minutes NF was fell more than 75 points on last session

The market fell for the second consecutive week amid investors worries about over economic and many states increased restrictions to control the spread of Covid-19

More profit booking was seen smallcap and midcap index was fell 2.90% and 2.7% respectively

Buying action visible in pharma stocks only and other sectors was seen selling pressure

The market will first react to HDFCBANK’s March quarter earnings

FIIs have turned to net sellers in the month of April. They have net sold Rs 2598 crore worth of stocks this month so far

On other side, DIIs continued to be support to markets and they bought Rs 1736 crore

The Big worries is the second wave of Covid-19 cases. India reported more than 2.5 lakh new cases on April 17 for the last 24 hrs. Many states tighten the restrictions

US markets ended higher on Friday. Dow rose 165 points and Nasdaq added 14 points

Asian markets were set to mixed trend on Monday’s opening

Today ACC, Iciciprudentioal life, Bajajconsumer to be announced their earnings report

NiftyFuture Trend Decider For The April 4th Week at 14735 and 14340

SGXNifty indicate a gap down opening for the index and likely to witness highly volatile will be expected during the day

NF was fell more than 200-300 points in past 4 Monday’s trade today also.

Now, NF can be considered as supports as 14560, 14520 and 14480

If stays below 14480……….. Then will try to check 14420 and 14370

NF is facing a intraday resistance 14600, 14650 and 14730

Stay caution at higher levels!!

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Updated: 08.49 am / 19th April 2021