21st July 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 35966.75 (+0.6%)

Positive sentiments continued to prevail in the Indian equity markets
Indian equity market higher for the fourth consecutive day on July 20
On Wednesday, NiftyFuture was opened gap up and ended 1% higher
NF was opened 16530 and went to 16577 then dropped to 16492
Sensex was up 629.91 points or 1.15 percent at 55,397.53
Nifty closed higher by 180.3 points or 1.10 percent at 16,520.85
Nifty IT index led the pack of gainers as it gained 2.93
FMCG and Metals index added more than a percent each
Auto and Realty were the two losers as they lost close to 0.2% each
Indusindbank announced their earning report on marginally higher
Wipro announced below expectation result and US ADR down 2.5%
VIX broken 17 level first time since Jan 2022
Singapore GRM fell to $3.9/bbl – the lowest since December 1, 2021
Q1FY23 Average Prices were around $21.4/bbl, Negative for Reliance, MRPL and ONGC
Brent crude sustained around $105 a barrel
Market uptrend adds more than Rs 7 lakh crore in wealth to investors
Today’s result stocks CSBBank, RBLBank, Canfinhome, GSFC, Hindzinc, SRF and PVR
FIIs net bought 1780 crore while DIIS net sold 230 crore
Deltacorp are under F&O ban on July 21
US Future lower after a close in the green for cash segment
US markets ended higher levels in over a month
Dow gained 47 points while Nasdaq added 185 points
Asian markets were set to opened marginally lower on Thursday early trade

SGXNifty indicates a almost flat opening for the day
As per open interest 16600CE added more OI and 16500CE and PE seems equal OI
PE side there is no significant OI
However, NF is facing a intraday resistance 16535, 16570 and 16600
Above levels is a stiff resistance for today’s trade

On flip side, NF can be considered as supports as 16500 and 16470
Below 16470 will try to check 16430 and 14390

Updated: 08.39am / 21st July 2022