24th May 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 15206.20 (+1.8%)

On 21st May, NiftyFuture was opened 15011 and shot up to 15225. Index gained 1.8%

NF was highest close since March 3, 2021

Major contributors Hdfcbank, Icicibank and Sbin to lift the index

Overall on last week Nifty50 gained 3.30% while Sensex surged 3.40%

Bank index was outperform in last week and index gained 7.5%

VIX sustained below 20

Today Grasim, Indiacem and MGL will be declaring earnings report

FIIs net bought 510 crore while DIIs net bought 649 crore in cash segment

Five stocks under F&O ban. Bhel, JSPL, Nalco, PNB and Sail

US markets closed with mixed on last Friday

Dow Jones added 124 points, Nasdaq fell 65 points and S&P500 closed at flat

Asian market were set to opened mixed trend on Monday

SGXNifty indicate a negative opening for the index likes 50-75 points

This week NiftyFuture Trend Decider 15225 and 14900

NF was formed bullish candle on daily scale as well as weekly chart which indicated a sharp upside bounce from the lower support levels

NF is facing a intraday resistance at 15225 which was Friday’s high

If breaks and holds above 15225………… Bulls action will be expected up to 15260 and 15300

NF considering a supports 15165, 15130 and 15080. Thereafter 15000

Don’t short at lower levels and can buy at support zone!!

Updated: 08.37 am / 24th May 2021