26th Aug 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

What a monthly expiry……Oops!!
NiftyFuture was opened 17685 and first 2 hours seen the consolidation
At 11.30 NF dropped from 17720 to 17640 again shot up to 17740
Up to 2.20 pm. NF was seen strong consolidation around 17700
After 2.20 pm, Bears entered with full power then NF was dropped up to 17501
In the last 1 hour NF dropped more than 200 points
Sensex was down 310.71 points, or 0.53%, at 58,774.72
Nifty was down 82.50 points, or 0.47%, at 17,522.50
Nifty PSU Bank index rose 2.7 percent
while selling was seen in the IT, auto, bank, metal, pharma and FMCG
Midcap and smallcap indices ended on flat note
FIIs net bought 369 crore while DIIs net sold 334 crore
Tokyo core consumer prices rise
Dollar edges lower as investors wait on Fed’s powell
The dollar index fell 0.14% to 108.46 and its holding just below a 20-year high of 109.29
US future marginally lower after a close in the greenn for cash market
US markets ends with gains and all frontline indices gain 1% to 2%
US GDP growth rate at -0.6% vs est of -1.9% vs -1.6% QoQ
Crude slightly lower and Brent still above $100/bbl
Asian markets higher in early trade in the Friday
HangSeng and Japan markets up nearly 1%

SGXNifty indicates a higher opening for the day
Likely to witness volatile trade will be expected during the day
Nifty Sept series ended with a premium of 60 points
NiftyFuture is facing a intraday resistance 17600, 17640 and 17700
If sustains above 17700 will try to check 17770

On other hand, NF can be considered as supports as 17580 and 17540
If breaks and manages below 17540 will try to check 17470

Updated: 08.58 am / 26th Aug 2022