27th Jan 2022 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last clsoe: 17283.45 (+0.8%)

On Tuesday, NiftyFuture was rallied almost 350 points from day’s low
NF was opened 17000 then fell up to 16851 and seen strong bounce back to 17300
All major index gained 1% to 4%
Auto index gained 2.5%
Banknifty index added 2% on Tuesday
Volatility index declined 5% and settled around 21.50
IMF raises India’s GDP growth forecast by 50 bps to 9% for FY2023
Adani Wilmar IPO opens today and close it on Jan 31
Today result stocks RBLBank, Canbank, Industower, Coforge, Colpal, Lichsgfin and Bhel
FIIs net sold 7094 crore while DIIS net bought 4534 crore on Jan 25
Oil breaks $90/bbl for the first time since 2014 on Russia tensions
US FED indicates that a quarter point hike is likely coming soon
Emphasized that this hiking cycle may play out differently
Tighter financial conditions an expected outcome
US markets fell almost 2% from day’s high
Dow down 130 points, S&P500 and Nasdaq ended flat note
Dow Future falling 370 points
Asian markets down 2% to 3% early trade on Thursday

SGXNifty indicates a huge gap down opening for the index
Likely to witness heavy volatile will be expected during the day
NiftyFuture can be considered as supports as 17000 and 16850-16900
Below 16850…. expecting more pain 16770 and 16700

Retail and small traders better to stay away from the markets

Updated: 08.49 am / 27th Jan 2022