27th April 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17204 (+1.4%)

On Wednesday, NiftyFuture was seen highly volatile
NF was opened 17150 then fell to 17068 again bounced to 17228
The final tally was Nifty50 gained 250 points while the Sensex surged 776 points
Nifty auto, energy, PSU bank indices gained 2 percent each
FMCG, metal and pharma indices were up a percent each
Midcap and smallcap indices rose 0.7-1.6%
VIX slipped 7% to around 19
LIC sets IPO price band at Rs 902-949
For retail and employees the discount will be of Rs 40
The IPO is set to open on May 4 and to close on May 9
April GST collection likely to range from Rs 1.45-1.50 lakh crore: FM sources
Today’s result stocks HUL, Bajajauto, HDFCAMC,IEX and Indian hotels
FIIs net sold 1174 crore while DIIS net bought 1643 crore
US future higher after a close with sharp cuts for the spot market
Dow down more than 750 points while Nasdaq was down nearly 4% and hitting 52-week low
Alphabet & Meta dropped more than 4%
European markets end largely lower amid inflation and global tensions
Asian markets lower amid China’s covid concerns

SGXNifty indicates a gap down opening for the index
Likely to witness highly volatile will be expected during the day
As per Open Interest, On PE side 17000PE and CE side 17200, 17300, 17500CE added more OI

However, NiftyFuture can be considered as supports as 17070 and 17000
Below 17000, will try to check 16940 and 16875
Major support around 16820 which was last Tuesday’s low

NF is facing a intraday resistance 17140 and 17200
Stay caution at higher levels

Updated: 08.48 am / 27th April 2022