31st Aug 2021 #NiftyFuture Intraday Levels and Pre-Market Report

NiftyFuture last close: 16942.40 (+1.3%)

What a Monday. Indian markets started the massive week

Nifty and Sensex was gained more than 1% on August 30

NF was opened gap up 100 points at 16745 and gradually shot up to 16960

The Sensex was up 765 points at 56889 and Nifty was up 225 points @ 16931

Midcap and Smallcap index surged 1.5%

Bank index climbed more than 2% on Monday

Recently introduced F&O stocks was gained more than 7%

IT stocks was seen profit booking

Volatility index was ended almost flat

Option premium was increased in last 30 minutes due to high volatile

FIIs turned to buying they bought 1202 crore and DIIs net bought 688 crore

Global side, Brent oil rose 0.9% at $73.41

German inflation hits fresh 13 year high in August

Euro zone bond yields fall after showing German’s high inflation

US markets ended almost flat note

Asian markets mostly slipped in Tuesday morning trade

SGXNifty indicate a negative opening for the index and likely to witness volatile will be expected during the day

NiftyFuture formed a strong bullish candle on Monday and also forming higher highs and higher lows on the lower time frame

NiftyFuture is facing a intraday resistance 16960, 16985 and 17030

Other side, Nf considering a supports 16900, 16880 and 16840

Updated: 08.38 am / 31st Aug 2021