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

NiftyFuture last close: 16858.70 (-0.9%)

On Wednesday, NF was opened gap down at 16850 and went to 17033
Again dropped to 16835. Almost 400 points swing was seen in NF
Sensex was down 509.24 points or 0.89 percent at 56,598.28
Nifty was down 148.80 points or 0.87 percent at 16,858.60
Nifty Bank, Energy, Metal and PSU Bank indices fell 1-2 percent
while the pharma index rose 0.5 percent
BSE Midcap and Smallcap indices are down 0.4 percent each
VIX was sustained around 22
FIIs net sold 2772 crore while DIIs net bought 2544 crore
BOE to start unlimited bond purchases to stablish market
Idea are under F&O ban for Sept 29
SEBI rolles out framework for credit rating agancies
Oil prices jump on drops in supply
Brent crude rose 4.5% to $82/bbl
US future marginally lower following a relief rally in the cash segment
US markets ends with sharp gains
All frontline indices rise up to 2%
Dow and S&P500 rebound to snap 6-days losing streak
Apple slips 4% after company scraps plans to increse iphone production
European markets end higher on Wednesday
Asian markets were set to higher opening

SGXNifty indicates a gap up opening for the index
As per OI, 17000CE was seen huge OI on yesterday closing basis
Maybe opening trouble for 17k CE writers….
Today our market does not operate according to the world markets which follow a separate path
NiftyFuture is facing a intraday resistance 16980, 17020 and 17090
Above 2nd and 3rd resistance are crucial for today’s trade
Suppose, if sustains above 17090 will try to move 17150
Stay caution at higher levels!!

On flip side, NF can be considered as supports as 16930, 16870 and 16830
Below 16830……. Expecting blood bath

Updated: 08.57 am / 29th Sept 2022