31st May 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 16655

On Monday, NiftyFuture was opened 200 points gap up and ended 1.9% higher
Last two and half days NF was climbed almost 750 points
Last Thursday noon NF was at 15900 and yesterday NF closed at 16650
Sensex ended with a huge gain of 1,041 points or 1.90 percent at 55,925.74
Nifty closed the day with a gain of 308.95 points or 1.89 percent at 16,661.4
Realty leading the pack with a substantial gain of 4.06 percent
IT which gained 3.88% during the day
Midcap gaining 2.28% and BSE Smallcap closing higher by 2.23%
VIX ended below 20 mark at 19.98
Dalal Street also await GDP data for the March quarter which is due for release on May 31 at 5.30pm
LIC net profit drops 17% in Q4 to Rs 2409 crore
Oil prices rise after EU ban most Russian crude imports
Brent crude gained 33 cents to $122 a barrel
Japan’s April factory output slumps in worring sign for economy
IRCTC net profit doubles to Rs 216 crore in Q4, revenue increases to Rs 690.90 crore
FIIs net bought 502 crore while DIIs net bought 1525 crore
US markets ended higher on Monday
Dow gained 575 points while Nasdaq added 390 points
US future slipped marginally on Tuesday early trade
Asian markets were set to mixed opening on 31 May

Open interest indicating 17000CE added more OI while 16500PE added more OI
NiftyFuture is facing a intraday resistance 16700, 16740 and 16800
Stay caution at higher levels!!

On flip side, NF can be considered as supports as 16590, 16550 and 16500
Updated: 08.50 am / 31st May 2022