21st Dec 2021 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 16635.05 (-2.3%)

What a terrible Monday, NiftyFuture was opened gap down at 16850 then fell to 16431
In last two hours NF was recovered almost 200 points from day’s low
I have recommended Nifty 17000PE at 330 and went to 590. Booked profit at 400
The final tally was Nifty lost 371 points while Sensex was down 1189 points
IT fell 2%, Bank index down 3.25% and Midcap, Smallcap index was down around 3%
Nifty was ended lowest level since 4 months
Market-Cap wiped out 9 lakh crore in single day
MapMyIndia to debut today which was oversubscribed 154 times during Dec 9-13
US President Joe Biden spending plan blocked, Economists lower 2022 growth forecasts
Goldman Sachs loweres its GDP growth forecast for 2022
Fiis net sold 3565 crore while Diis net bought 2764 crore
Escorts and Ibullshsgfin are under F&O ban on 21st Dec
While updating Dow Future trading higer around 160 points
US markets ended lower on Monday
Dow down for 3rd consecutive sessions & S&P fell 3% in last three sessions
European markets ended lower on Monday
Asian markets were set to higher opening on Tuesday

SGXNifty indicates a positive opening for the index and likely to witness highely volatile will be expected during the day
NiftyFuture is facing a intraday resistance 16725 and 16780
If stays above 16780…. Will try to check 16850 which was recent strong support level and now changed to resistance

On other side, NF can be considered as supports as 16635 and 16550
If stays below 16550 then will check 16500 and 16430
Below 16430…….. Expecting more pain

More live market update will be sent to my clients only
Updated :08.45 am / 21st Dec 2021