29th July 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture July last close: 16923.65 (+1.6%)
August last close 16955.20 (+1.7%)

On Thursday, NiftyFuture was opened gap up and rallied 1.6%
NF was opened gap up at 16770 and gradually shot up to 16935
The Nifty50 index crossed ultimate resistance 16800 level
Sensex was up 1,041.47 points, or 1.87 percent, at 56,857.79
Nifty was up 287.80 points, or 1.73 percent, at 16,929.60
Bajaj twins has contributed more than 100 points to lift the Nifty50
Nifty bank, IT, metal, and energy indices gained 1-2%
Midcap index added nearly 1 percent and the smallcap rose 0.6%
On July series Nifty gained around 7.5%
On July series, Banknifty ralied 12%,FMCG +12% ,Midcap +10%, Smallcap +8%
Indusindbank rallied more than 30% in July series
Reliance was declined around 5%
VIX settled below 17.50
FIIs net bought 1637 crore while DIIs net bought 600 crore
Brent crude settled around $108/bbl
US economy shrank 0.9% last quarter and its 2nd straight drop
Today’s result stock Hdfc, Ntpc, Sunpharma, Cipla, Ioc, Dlf, Pel, Cholafin, Exiteind, and Route
US markets ended higher on 28 July
Dow gained 1.03%, S&P500 rallied 1.21% and Nasdaq added 1.08%
Asian markets were set to higher opening and follow the US markets

SGXNifty indicating the gap up opening for the index
NiftyFuture formed a big bullish candle on second consecutive day
NiftyFuture is facing a intraday resistance 17000, 17060 and 17140
If breaks and holds above 17140 will try to move 17200

On other hand NF can be considered as supports as 16920 and 16850
If there is any declines can buy and hold

Updated: 08.59 am / 29th July 2022