28th Sept 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 17856.75

On Monday, The NiftyFuture was opened gap up like 75-85 points but unable to sustained opening gain
NF was opened 17930 and made a high was 17943 then dropped to 17802 finally ended at 17856
The Sensex was up 30 points while Nifty50 ended flat
Profit booking was seen IT, Pharma and FMCG
Buying action was seen Auto and Realty stocks
IT index fell more than 3% while Auto index rallied more than 3%
Maruti gained more than 7%
Tatamotors, M&M and Bajajauto did well
Hdfcbank and SBIN did well and managed Bank index
Volatility index climbed 5% around 17.75
Brent crude nears $80
China’s industrial profit growth slows for sixth month in August
FIIs net sold 595 crore while DIIs net bought 1397 crore on 27th Sept
Securities in Ban For Trade Date 28-SEP-2021: CANBK,ESCORTS,IDEA,SAIL,SUNTV and ZEEL
Excluded from ban IRCTC and Ibullhsgfin
US markets mixed on 27th Sept
Dow rose 71 points and Nasdaq dropped 77 points
Asian markets were set to mixex opening on 28th Sept

SGXNifty indicates a positive opening for the index and likely to witness volatile trade will be expected during the day
NiftyFuture formed a bearish candle on daily scale and index did not sustained opening level
NF is facing a intraday resistance 17885, 17920 and 17950
If stays above 17950, will try break 18000
NF can be considered as supports as 17800, 17760 and 17720
Don’t short at very lower levels!!
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Updated: 08.48 am / 28th Sept 2021