21st May 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 14933.25

Global cues was not supported to Indian equities and spoiled the local sentiment on May 20, 2021

NF was opened 15040 and went to 15085 but unable to maintains at opening level and dropped up to 14911. Finally NiftyFuture settled at 14940

The Sensex fell 337 points to 49564 while the Nifty50 dropped below 15000 to close 125 points lower

When our market closed US future was down more than 200 points

Sector wise action was seen reality and consumer durables while selling pressure was seen metals, banks and oil& gas

Especially metal stocks seen huge profit booking on yesterday’s trade

VIX index sustained below 20 levels

SGXNifty fell 75 points from intraday high but now trading 70+ around 15020

Today’s result stocks, SBIN, Hindalco, Jswsteel, Shreecement and Godrejind

Six stocks under ban in f&o. Bhel, Cadila, JSPL, Nalco, PNB and Sail

US market ended at higher levels on Thursday

Dow Jones rose 188 points, S&P500 gained 43 points and Nasdaq added 236 points

Asian markets were set to higher opening on Friday

FIIs net bought 71 crore while DIIs sold 876 crore in cash segment

SGXNifty indicate a positive opening for the index

NiftyFuture formed a bearish candle on daily scale but sentiment looking positive

However, NF is facing a intraday resistance 14980 and 15030

If stays above 15030, Then will try to move yesterday’s high 15085

Today NF considering a supports 14945, 14910 and 14880

Below 14880……… Finding a next support around 14830

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.43 am / 21st May 2021