29th June 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 15854.95 (-0.2%)

The Nifty hit a fresh record high of 15915 on Monday but failed to close in the green

NiftyFuture was opened at 15930 then fell to 15825 and finally ended at 15863

NF was unable to hold above 15900. Yesterday I did mention 15900 is the major hurdle

Sensex off 200 points to 52735 while Nifty50 closed lower by 0.3% to 15814

Sector wise buying action was seen metals, pharma and infra stocks while profit booking visible IT, telecom and capital goods

European markets fell after spike in Covid-19 cases

US stock future are mildly lower on Tuesday morning after S&P500 closes at record high despite Dow down 150 points

10-year yield falls below 1.5% to start the week

Asian markets Nikkei and Hangseng down 150 points each

Overall the sentiment, Global cues mixed, FIIs fund flow : Negative, DIIs fund flow : Positive, Trend : Positive, F&O : Long unwinding

FIIs net sold 1658 crore in cash segment while DIIs bought 1277 crore

NationalAluminium is under the F&O ban for June 29

SGXNifty indicate a cautions opening for the index

Yesterday I did mention NiftyFuture was struggled above 15900 in many days. What happened on yesterday ? NF was unable to sustained above 15900

However, Today NiftyFuture is facing a intraday resistance 15880, 15910 and 15940

Once if breaks 15940 and manages above the level, Will move 16000

Otherwise…………… Stay caution around 15900

Today NF can be considered as supports as 15830 and 15800

Below 15800, Finding a next support around 15760-15730

More live market update will be sent to my clients only

Updated: 08.25 am / 29th June 2021