30th Sept 2021 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 17708

What a volatile day on Wednesday Sept 29
NiftyFuture was opened 17669 and made a low of 17613 then spiked to 17794
In last 45 minutes NF was fell from 17794 to 17700
Do you know ? Yesterday I written NF support at 17580 (previous day’s low)
NF did not break and rallied almost 175 points from my support zone
The final tally was Sensex was ended 255 points down while Nifty50 was down 37 points
Metal, Power, Pharma and PSU Banks did very well
Sunpharma ended above 52 week high
IT index was seen highly volatile after a big sell-off
Auto, FMCG and Banknifty was seen selling pressure
Oil prices slipped on Wednesday and settled at $78.65
Suntv under F&O ban in NSE
On global side, US markets ended minor gains amid mixed cues on Wednesday
Nasdaq fell 0.2% for fourth straight sessions
Dow ended 90 points higher
European markets rebounds from Tuesday’s sell-off to end in the green
Asian markets were set to negative opening on Thursday
Gold recoveres from over a one month low
FIIs net sold 1896 crore while DIIs net bought 3262 crore on Wednesday

SGXNifty indicate a negative opening for the index and likely to witness highly volatile will be expected during the day
As open interes 17900CE and 18000CE added more OI and there is no significant OI in PE side
NiftyFuture is facing a intraday resistance 17740, 17770 and 17800
Once if breaks and sustains above 17800, expecting bulls action
On other hand, NF can be considered as supports as 17675, 17640 and 17600
Lower level strong support zone around 17580-17600, which was last two day’s support
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Updated: 08.47 am / 30th Sept 2021