22nd Feb 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture last close: 14987 (-0.9%)

On Friday, NiftyFuture was opened 15062 then went to 15145 and slipped up to 14900 again shot up to 15000

Do you know ? My strong support at 14980, After broken 14980 slipped vertically to 14900

NiftyFuture was made a record high of 15430 on 16th Feb then slipped more than 2% from week high to low

NiftyFuture have been ending in the red for the last four consecutive sessions

Market will be reacting sudden spike in Covid-19 in some parts of the country like Kerala, Maharastra, Punjap and Chattisgarh have recorded an upsurge in daily new cases of Covid-19

FIIs has reduced the the buying power in last few sessions and they decreased f&O long positions in last week

However, FIIs net bought 23874 crore worth of stocks in cash segment in Feb so far while DIIs continued to profit booking and they sold 16638 crore in same period

SGXNifty indicating a negative opening for the index and likely to witness volatile trade continue during the day

In morning SGXNifty trading almost 70 points higher, Now slipped to 20 points lower.

NiftyFuture Trend Decider For The Last Week Of Feb is 14860 and 15400

Let’s see today’s technical levels,

Today NiftyFuture is facing a intraday resistance 15030, 15055, 15100 and 15160

Above 3rd and 4th resistance are hurdle………. If rise can sell and keep a stop of 15160

NF considering a supports 14945 and 14900, If breaks and holds below the level

Expecting further weakness up to 14850

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.43 am / 22nd Feb 2021