24th Feb 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture last close: 14711.55 (+0.3%)

 What a volatility day on Feb 23rd

NiftyFuture was opened at 14755 and slipped to 14662 again went to 14871 then slipped to 14665 finally settled at 14724

But, NF did not break previous day’s low

NF was moved almost 450-500 points volatility

Nifty metal index rose more than 3% while midcap and smallcap indices gained almost 1%

Bank index was seen underperformed

Kotakbank was main dragger in Banknifty

Volatility index sustained around 25, Trouble for option sellers

US markets was opened deep red and recovered in intraday

Dow Jones recovered almost 500 points from day’s low and closed 15 points higher

Nasdaq also recovered almost 300 points from day’s low and closed 67 points lower

Asian markets were set to mixed trend

Oil slipped by 1% at $61.12 a barrel

FIIs surprised and they sold 1569 crore in cash segment while DIIs bought 216 crore

SGXNifty indicating a positive opening for the index and likely to witness huge volatility will be expected

NiftyFuture formed a small bodied bearish candle which was indicates sell on rise pattern

However, NF did not break day before yesterday’s low 14639.75 and took support 14662 on yesterday

Now, NF considering a supports 14640-1660 for today, Suppose if breaks and manages below the level

Expecting further weakness up to 14560 and 14480 (Strong support)

Today NF is facing a intraday resistance 14775, 14825 and 14870 (yesterday’s high)

If breaks and holds above 14870……. Then will try to move 14920-14950

But, If comes higher level can sell…………

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Updated: 08.42 am / 24th Feb 2021