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

NiftyFuture last close: 17748.20 (-0.6%)

What a volatile day and Terrific Tuesday
On 28th Sept, NiftyFuture was opened positive at 17880 then slipped and made a low of 17586
Thereafter in last 30 minutes NF was bounced from 17586 to 17750. Recovered almost 175 points
The final tally was Sensex ended 410 points down while Nifty50 fell 106 points
Selling pressure continued in IT and PSU Banks
IT index fell 6% in last two sessions
Banking stocks was seen highly volatile
Volatility index up 5% and ended around 18.50
Realty index shed 3%
FIIs net sold 1957 crore while DIIs net bought 161 crore in cash segment
Four stocks under F&O ban Idea, Sail, Suntv and Zell
US markets ended sharply lower on Tuesday
Dow Jones down 569 points, Nasdaq fell 423 points and S&P500 lost 90 points
Asian markets were set lower opening on Wednesday
Brent crude dips after topping $80
Dollar hits almost 11 months high

SGXNifty indicate a negative opening for the index and likely to witness volatility will be continue during the day ahead of global sell-off
Open interest was seen wide range like 18000CE and 17500PE which is indicating high volatile
However, NiftyFuture is facing a intraday resistance 17775, 17820 and 17870
Above resistance are crucial and stay caution at higher levels!!
NF can be considered as supports as 17690, 17650 and 17580
Below 17580………. More pain

Updated: 08.46 am / 29th Sept 2021