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

NiftyFuture last close: 14672.65 (-2.1%)

NiftyFuture closed in the deep red and closed red for the fifth consecutive session in a row on Feb 22

NiftyFuture broken crucial support and closed below the level

NF was opened almost Friday’s close 14982 then went up 15002 then slipped gradually up to 14639.75 and closed day’s low

Sensex fell 1145 points to 49744 while Nifty50 fell 306 points to close 14675

Except metal stock other than all sectors was seen selling pressure

IT stocks was seen huge selling

Not even Indian market global market also dragged when our market closed time

Indian VIX has jumped to 25.82 which is 16% rise in a single day. Which was indicating further weakness and volatility

US markets closed in mixed trend, Dow Jones closed 27 points higher and Nasdaq down 340 points

Asian markets were set to mixed trend on Tuesday’s opening

Oil prices rise further and settled at $65.52 a barrel

FIIs sold 893 crore value of stocks in cash segment while DIIs sold 919 crore

SGXNifty indicates a positive opening for the index and likely to witness volatile trade will be expected during the day

NiftyFuture formed big bearish candle on yesterday and closed below 20 DMA

NiftyFuture is facing a intraday resistance at 14710, 14740 and 14785 (20DMA)

If crossover 14785 with volumes then will move up to 14860.

(However, Now NiftyFuture is facing a very strong resistance 15000 mark previous week 15000 was a strong support)

NiftyFuture considering a supports 14640 (Yesterday’s low) and 14600

If stays below 14600…….. Then will take next support around 14480-14520.

(If closes below 14480…………Katham kadham)

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Updated: 08.51 am / 23rd Feb 2021