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

NiftyFuture last close: 16491.30 (-0.8%)

On Tuesday, NiftyFuture was seen selling pressure due to weak global cues
NF was opened 16600 then slipped to 16510 and shot up to 16570 again slipped to 16475
Sensex was down 497.73 points, or 0.89 percent, at 55,268.49
Nifty was down 147.20 points, or 0.89 percent, at 16,483.80
Metal, IT, pharma, auto, bank, capital goods, realty and FMCG indices down 1-2.5%
Midcap and smallcap indices falling more than a percent each
Infy was seen huge selling pressure and stock declined around 3%
Reliance consolidated with positive bias
IMF cuts India’s FY23 growth forecast by 80 bps to 7.4%
Today’s result stocks Maruti, Tatamotors, Bajajfinance, Colpal and Biocon
FIIs net sold 1548 crore while DIIs net bought 999 crore
VIX sustained around 18.50
Brent crude settled at $104.50 a barrel
Deltacorp and Ibullshsgfin are under F&O ban for July 27
US stocks ended sharply lower on Tuesday
Dow down 228 points while Nasdaq dropped more than 200 points
Alphabet up 4.5% in extended trade on better than expected Q2 earnings
Retail stocks remained under pressure after Walmart cut guidance
Natural gas hits highest level since 2008 as EU agrees emergency gas curbs
Asian markets were set to mixed opening on Wednesday early trade

SGXNifty indicates a flat opening for the day
Global markets waiting for the FED event and forecast
However, As per open interest side, CE side added more OI and PE side unwinding the OI

NiftyFuture is facing a intraday resistance 16525, 16550 and 16590
Above levels are hurdle for today’s trade!!

On other side, NF can be considered as supports as 16470 and 16440
Below 16440 will try to check 16360

Updated: 08.44 am / 27th July 2022