23rd April 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture last close: 14403.60 (+0.8%)

NiftyFuture was opened more than 75 points down and recovered entire loss and closed green territory

NF was opened 14200 and made a low was 14155 then seen sharp bounce-back to 14434

Indian markets recovered on the back of positive global cues and development on vaccination drive

Bulls pushed the Sensex 374 points gained to 48080 while Nifty50 rose 109 points to 14406

Sector wise action was seen Banking, Finance, Metals and Reality while profit booking visible IT and FMCG

NiftyFuture many times took support around 14200. Yesterday too bounced from 14150 to 14400

ICICIBank will be declaring earnings report on tomorrow

VIX index spiked almost 2% and option premium was seen too high

US markets fell sharply after Biden announced will propose a sharp increase to capital gains

Dow fell 321 points, S&P500 fell 38 points and Nasdaq dropped 131 points

Asian markets were set to lower following an drop on US markets

Today following company going to declare earnings reports, Hcltech, Ibrealest, and M&MFin

FIIs net sold 909 crore while DIIs bought 850 crore in cash segment

SGXNifty indicate a negative opening for the index and likely to witness high volatile during the day

NiftyFuture has formed a bullish candle on a daily scale and closed above last two day’s close

Today NiftyFuture is facing a intraday resistance 14430, 14455 and 14500

Above three resistance are hurdle for today’s trade!!

(Last more than three weeks Friday’s afternoon seen sharp selling pressure and last 3-4 Monday was opened gap down. Note it)

Today NF can be considered as supports as 14350, 14310 and 14250

Below 14250………. Will try to check 14190

More live market update will be sent to my clients only

Updated: 08.57 am / 23rd April 2021