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

NiftyFuture last close: 17495.25 (+0.35%)

Indian equity market snapped a four-day losing streak to end on a positive note on Nov 23
But, Market was seen highly volatile
NF was opened 17350 then fell to 17250 and went up to 17400 then fell 17300 again shot up to 17550
Finally NF was ended 17488.50
The final tally was Sensex was up 198 points while Nifty was up 87 points
Midcap and Smallcap index rose 1.5% to 2%
Metal index gained 3.3% while Psu bank and energy index gained 1% to 2%
Volatility index sustained 17.75
Brent oil rises 3% to one week high after US tas emergency reserves
Govt to introduce Cryptocurrency bill in winter session of Parliament
SEBI defers 50:50 margins rules to Feb 28, 2022 from 1st Dec 2021
FIIs net sold 4477 crore while DIIs net bought 1412 crore
Escorts and Idea under F&O ban on 24th Nov
US markets ended mixed on Tuesday
Dow rose 0.55% and Nasdaq declined 0.5%
Asian markets were set to mixed opening on Nov 24

SGXNifty indicate a positive opening for the index
Likely to witness volatile trade will be expected during the day!!

As per open interest 17500, 17600 and 17700 CE option was seen equal OI
On other side 17500, 17400 and 17300 PE option was seen equal OI
Which was indicating heavy volatile will be expected this expiry

However, NF is facing a intraday resistance 17550 and 17600
If sustains above 17600, will try to check 17660
Stay caution at higher levels!!

On other side, NF can be considered as supports as 17460, 17430 and 17400
Below 17400… will try to check 17330

More live market update will be sent to my clients only
Updated: 08.49 am / 24th Nov 2021