22nd March 2024 #Nifty Intraday Levels & Pre-Market Reports

Nifty last close: 22011.95 (+0.79%)

Sensex and Nifty 50 ended higher on March 21 tracking a rally in global markets
Nifty was opened 22000 and went to 22070 then fell to 21940
Finally, Nifty 50 was up 175.70 points or 0.80 percent at 22,014.80
Sensex was up 590.60 points or 0.82 percent at 72,692.29
The biggest gainers on the Nifty 50 included BPCL, NTPC, Tata Steel, Power Grid Corp
while the top losers included Bharti Airtel, ICICI Bank, HDFC Life, Maruti Suzuki
With all sectors ending in green
Nifty Realty and Nifty PSU Bank rose the most and Nifty Bank and Nifty FMCG saw the least gains
Midcap and BSE Smallcap added over 2 percent gains
BSE-listed companies gain Market Cap of ?5 lakh crore on Thursday
Bank Of England (BoE) keeps interest rates unchanged at 5.25%
Accenture cuts #FY24 revenue growth guidance to 1-3% from 2-5%
SWISS NATIONAL BANK RATE DECISION: 1.50%; EST. 1.75%; PREV. 1.75%
TURKEY’S CENTRAL BANK DELIVERS ITS NINTH STRAIGHT RATE HIKE, RAISING RATES TO 50% FROM 45%
Sebi issues framework for beta version of T+0 settlement; to start with 25 scrips and limited trade timing
US weekly jobless claims unexpectedly fall; labor market gradually cooling
Foreign institutional investors (FIIs) net sold shares worth Rs 1,826.97 crore
while domestic institutional investors (DIIs) bought Rs 3,208.87 crore worth of stocks on March 21
US Markets ended higher on March 21
Dow gained 0.68%, Nasdaq rallied 0.2% and S&P500 gained 0.32%
US VIX at 12.92
Accenture down 9% after weak guidance and Apple falls 4%
Gold prices falls near $2180/oz
Brent crude futures fell 18 cents to $85.60 a barrel
Asian markets largely lower on early trade
Nikkei flat and Hangseng down 2.2%

GiftNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 22050 and 22080
Above 22080 will try to move 22130

On other hand, Nifty considering a supports 21970 and 21930
Below 21930 finding a next support around 21880

Updated: 08.40 am / 22nd March 2024

22nd March 2024 #Banknifty Intraday Levels

Banknifty last close: 46684.90 (+0.81%)

Today Banknifty is facing a intraday resistance 46800 and 47000
If stays above 47000 finding a next resistance around 47200

On flip side, Banknifty considering a supports 46600 and 46400
Below 46400 will try to check 46200

Updated: 08.30 am / 22nd March 2024

21st March 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 21839.10 (+0.1%)

The market closed with moderate gains on March 20 after a choppy session
Nifty was opened 21850 then fell to 21700 again bounced to 21900
Finally, Nifty was up 21.60 points or 0.10 percent at 21,839.10
Sensex was up 89.64 points or 0.12 percent at 72,101.69
Top gainers on the Nifty included Eicher Motors, Maruti Suzuki, Power Grid
while losers were Tata Steel, Tata Consumer Products, Tata Motors, Axis Bank
Among sectors, auto, FMCG, realty, oil & gas, power were up 0.5-1 percent each
while the metal index was down nearly a percent
Mid and smallcap indices ended flat
Foreign institutional investors (FIIs) net sold shares worth Rs 2,599.19 crore
while domestic institutional investors (DIIs) bought Rs 2,667.52 crore worth of stocks on March 20
Wall Street’s main stock indexes closed higher on Wednesday
Fed leaves rates unchanged for 5th straight meeting and maintains 5.5%
Fed continues to expect 3 interest rate cuts in 2024
Only 3 further cuts next year (down from 4 previously) & another 3 cuts in 2026
Core PCE inflation forecast for 2024 raised to 2.6%
Fed says inflation “has eased but remains elevated”
Fed does not expect rate cuts until “greater confidence” inflation is moving to 2%
Dow gained 1%, Nasdaq rallied 1.25% and S&P500 added 0.89%
US VIX ended 13 down 5.5%
S&P500 closes above 5200 for the first time on a Dovish fed
US 10-year yield falls near 4.25%
Crude falls below $87/bbl
Gold prices rise above $2200/oz
Asian markets opens higher
Nikkei hits record high up nearly 2%

GiftNifty indicates a gap up opening for the index
Nifty is facing a intraday resistance 21900 and 21960
If stays above 21960 will try to move 22050

On flip side, Nifty considering a supports 21800 and 21760
Below 21760 finding a next support around 21700

Updated: 08.43 am / 21st March 2024

20th March 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 21817.45 (-1.08%)

After witnessing mild recovery in the previous session, the bears came back heavily on March 19
Nifty was opened 22000 then fell to 21800. Finally ended 1% down
Nifty was down 238.20 points, or 1.08 percent, at 21,817.50
Sensex was down 736.37 points, or 1.01 percent, at 72,012.05
Biggest losers on the Nifty included TCS, BPCL, Tata Consumer Products
while gainers were Bajaj Finance, Bajaj Auto, Kotak Mahindra Bank
All the sectoral indices ended in the red with Healthcare, IT, FMCG, Capital Goods, Oil & Gas, Power
Midcap and Smallcap indices shed 1 percent each
VIX ended around 14.30
Foreign institutional investors (FIIs) net bought shares worth Rs 1,421.48 crore
while domestic institutional investors (DIIs) purchased Rs 7,449.48 crore worth of stocks on March 19
For FY24 the gross direct tax collections were up 18.74 percent at Rs 22,27,067 crore
while net direct tax collections were up 19.88 percent at Rs 18,90,259 crore, YoY
SEBI confirms involvement of LIC employee in front-running of a big client’s trades
US ended higher on March 19
Dow gained 0.83%, Nasdaq rallied 0.39% and S&P500 added 0.56%
US 10-year falls below 4.3%
Gold prices fall slightly to $2160/oz
Asian markets were set to higher opening in the early morning

Today’s Nifty supports, resistance levels and open interest data will be sharing to my free telegram channel

Free telegram channel link is https://t.me/FlyingcallsArjun

Updated: 08.56 am / 20th March 2024

20th March 2024 #Banknifty Intraday Levels

Banknifty last close: 46384.80 (-0.41%)

Today Banknifty is facing a intraday resistance 46450 and 46550
If stays above 46550 will try to move 46700

On other side, Banknifty considering a supports 46300 and 46200
Below 46200 finding a next support around 46000

Updated: 08.45 am / 20th March 2024

19th March 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22055.70 (+0.15%)

The benchmark indices ended on a positive note on March 18
Nifty was opened 22000 then fell to 21907 then bounced to 22100
Finally, Nifty was up 32.40 points or 0.15 percent at 22,055.70
Sensex was up 104.99 points or 0.14 percent at 72,748.42
Tata Steel, M&M, JSW Steel, Tata Motors and Apollo Hospitals were among the top gainers on the Nifty
while losers included Tata Consumer Products, UPL, Infosys, Adani Ports and Titan Company
Among sectors, capital goods, healthcare, auto, realty, metal and media were up 0.5-3 percent
while IT and FMCG shed 0.5-1.5 percent
Midcap and Smallcap indices ended on a flat note
Foreign institutional investors (FIIs) net sold shares worth Rs 2,051.09 crore
while domestic institutional investors (DIIs) bought Rs 2,260.88 crore worth of stocks on March 18
Narayana Murthy gifts 15 lakh shares to his Grandson Ekagrah Murthy
Aditya Birla Sun Life AMC: Promoters to sell up to 11.47% stake in OFS
Tata Steel UK to shut down coke ovens at Port Talbot plant in Wales
Tata Sons to sell 2.3 crore shares in TCS via block deals TCS AT 4,001 RUPEES PER SHARE
The reported price represents a 3.6 percent discount to the last traded price
US markets ended marginally higher on March19
Dow gained 0.20%, Nasdaq rallied 0.82% and S&P500 ended 0.63% higher
US VIX ended 14.3
Tesla soars 6% as company hikes a price hike on some of its EU models
Alphabet up nearly 5% on reports of talks with Apple on AI support
US 10-year yield inches higher to 4.32%
Crude rises 4-month high brent at $87/bbl
Gold rises to $2160/oz
Dollar index rises above 103.5
Asian markets were set to lower opening in early trade
Nikkei down 0.36% and Hangseng down 0.6%

GiftNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 22070 and 22100
Above 22100 will try to move 22160

Today Nifty can be considered as supports as 22010 and 21980
Below 21980 will try to move 21920

Updated: 08.59 am / 19th March 2024