18th Nov 2021 #NiftyFuture Intraday Levels and Pre-Market Reports

Indian equity markets witnessed profit booking for the consecutive second day on 17 November
NiftyFuture was opened 17934 and went to 18028.80 again slipped to 17894.35
I have sent selling alert NiftyFuture around 18015 and booked profit at 17940
Pharma, Banking, Oil & gas, Midcap and Energy stocks was seen selling pressure
Auto stocks did very well on 2nd consecutive day
Maruti crossed 8300 and Tatamotors crossed recent highs
UBS revises India’s GDP forecast to 9.5% from 8.9% for FY22
Brent crude oil slipped six weeks low at $81.05 a barrel
PayTM to debut today
Six stocks under F&O ban Bhel, Ibullshsgfin, IRCTC, Nalco, Sail and Suntv
FIIs net sold 344 crore while DIIs net bought 61 crore
US markets ended lower on Wednesday
Dow fell 211 points, S&P500 lost 12 points and Nasdaq was down 52 points
US 10 year bond yield falls below 1.6%
European markets closes slightly higher followed by inflation data
Asian markets were set to lower on Thursday
Hangseng down more than 1% and Japan’s Nikkei down 0.5%

SGXNifty indicates a flat opening for the index and likely to witness range with volatile will be expected during the day
As per open interest data. More OI added 18000CE and there is no significant OI on PE sides
NiftyFuture formed a bearish candle on daily scale
All indications showing weakness will be continuing!!

NF is facing a intraday resistance 17930, 17950 and 18000
Above resistance levels are very crucial for today’s trade!!
Stay caution at higher levels!!

On other hand, NF considering a supports 17890 if stays below the level
Finding a next supports 17850, 17800………. Thereafter more pain will be expected

More live market update will be sent to my clients only
Updated: 08.50 am / 18th Nov 2021