14th June 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 23398.90 (+0.33%)

Benchmark indices Nifty and Sensex ended the session in green
At record closing highs after paring partial intraday gains on June 13
At close, the Sensex was up 204 points or 0.3percent at 76,810
The Nifty was up 76 points at 23,398
Earlier in the day, the Nifty clocked a fresh high of 23,481 intraday
The Sensex gained 0.8 percent to intraday high of 77,145
As for individual stocks, Shriram Finance was the top gainer on the Nifty
Followed by HDFC Life Insurance, Divi’s Laboratories and M&M
FMCG sector’s largest player, Hindustan Unilever was the top loser on the index, down nearly 2 percent
Axis Bank, Britannia, ICICI Bank, and Eicher Motors followed
Among key indices, FMCG was the worst performer, down 0.7 percent
The next in line was the Nifty Energy index. Nifty Realty, IT
Pharma were on the other side, surging up to 2 percent
The VIX or volatility index also fell over 5 percent to 13.6
Ambuja Cements on June 13 said it will acquire 100 percent stake in Penna Cement Industries Ltd (PCIL) for Rs 10,422 crore
L&T wins large offshore order up to ?5,000 crore from #ONGC for its Daman Project
GST Council will be held on June 22 in New Delhi
The Foreign institutional investors (FIIs) sold equities worth Rs 3,033 crore on June 13
while domestic institutional investors also sold equities worth Rs 553 crore on same day
US markets ended mixed on June 13
Dow lost 0.17%, Nasdaq rallied 0.34% and S&P500 gained 0.23%
US VIX ended around 12
The S&P 500 and Nasdaq registered record closing highs for a fourth session in a row on Thursday
Apple beat Microsoft market-cap
Adobe soars more than 16% after the strong earnings report
US 10-year yield sustained around 4.3%
Asian markets were set to mixed opening
Nikkei flat and Hangseng down 0.8%

GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 23425 and 23450
If stays above 23450 will try to move 23500

On flip side, Nifty considering a supports 23375 and 23350
Below 23350 finding a next support around 23300

Updated: 08.43 am / 14th June 2024

14th June 2024 #Banknifty Intraday Levels

Banknifty last close: 49846.70 (-0.1%)

Today Banknifty is facing a intraday resistance 49950 and 50050
If stays above 50050 will try to move 50200

On other side, Banknifty can be considered as supports as 49800 and 49700
Below 49700 finding a next support around 49550

Updated: 08.30 am / 14th June 2024

13th June 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 23322.95 (+0.25%)

Nifty 50 index hit yet another record high in trade but ended off highs
Sensex was up 150 points or 0.2 percent at 76,606
Nifty 50 was up 44 points or 0.2 percent at 23,308
The mid and smallcap index outpaced the benchmarks, gaining over a percent
Nifty PSU Bank and Nifty Energy index ended up the most, by over a percent each
India VIX fell nearly 2.2 percent to 14.46
The Foreign institutional investors (FIIs) turned net buyers on June 12
They bought Indian equities worth Rs 426 crore
While domestic institutional investors bought equities worth Rs 233 crore on same day
US markets ended mixed on June 12
US inflation rate at 3.3% YoY vs estimate of 3.4% and previous 3.4%
Dow lost 0.09%, Nasdaq rallied 1.54% and S&P500 gained 0.85%
The S&P 500 and Nasdaq posted record close for a third straight day on Wednesday after inflation data
Fed leaves rates unchanged for 7th straight meeting
Officials raise 2024 inflation forecast from 2.4% to 2.6%
Median forecasts shows just 1 rate cut in 2024
Median forecast shows 100 bps of rate cuts in 2025
Fed says inflation has eased “but remains elevated”
Median 2024 Core PCE inflation estimate up from 2.6% to 2.8%
US 10-year yield hovers around 4.3%
Gold price decline to $2315/oz
Crude sustains around $82/bbl
Asian markets were set to mixed on 13th June
Nikkei flat and Hangseng up 0.4%

GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 23360 and 23400
If stays above 23400 will try to check 23460

On flip side, Nifty considering a supports 23280 and 23250
Below 23250 finding a next support around 23180

Updated: 09.06 am / 13th June 2024

12th June 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 23264.85

The Nifty and Sensex traded mostly flat-to-positive on June 11
However, the benchmark indices gave up gains at the end of the trading session
Sensex and Nifty closing flattish
Sensex was down 33 points at 76,456 Nifty was up 6 points at 23,264
Midcap Index hits record high, crosses earlier level of 53,705.8
All sectoral indices were mixed in todays session
Realty index gaining over 1 percent
The Nifty Auto index also contributed to the gains, rising nearly a percent
The oil and gas index, industrials, and capital goods showed robust gains of up to 2 percent
India VIX fell nearly 10 percent to 14.7, fast receding to the pre-election levels
After two day’s of buying the Foreign institutional investors (FIIs) remained seller on June 11
As they sold Indian equities worth Rs 111 crore
while domestic institutional investors extended their buying as they purchased equities worth Rs 3193 crore
US markets ended mixed on June 11
Dow lost 0.31%, Nasdaq rallied 0.88% and S&P500 gained 0.27%
Nasdaq index close at record highs helped to Apple share
Oracle jumps 9% in extended trading on deals with microsoft, OpenAI and Google
Consumer inflation, Fed’s rate and FOMC decision in focus today
US 10-year yield slips to 4.4% as investors eye fed meet outcome
European markets ended nearly 1% lower
Gold price below $2315/oz
Crude prices rises on demand and above $82/bbl
Asian markets mixed in early trade
Hangseng falls around 1% and Nikkei down 1%

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

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

Updated: 08.55 am / 12th June 2024

12th June 2024 #Banknifty Intraday Levels

Banknifty last close: 49705.75 (-0.15%)

Today Banknifty is facing a intraday resistance 49850 and 49950
If stays above 49950 will try to check 50100

On flip side, Banknifty can be considering a supports at 49650 and 49550
Below 49550 finding a next support around 49400

Updated: 08.42 am / 12th June 2024

11th June 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 23259.20 (-0.13%)

Nifty was seen highly volatile and marked a fresh all time high
But, unable to sustained the high and erased the opening gains
Finally, Nifty was up 468.80 points, or 2.05 percent, at 23,290.20.
Sensex was up 1,618.85 points, or 2.16 percent, at 76,693.36
Among sectoral indices, Nifty Metal was the biggest gainer (up 1.9%)
Followed by Nifty Realty and Pharma which gained 1.3 percent and 1 percent respectively
Among those on the losing side, the Nifty IT Index fell 1.8 percent
FIIsextended their buying on the second day on June 10 as they bought Indian equities worth Rs 2,572.38 crore
while DIIs turned net buyers as they purchased equities worth Rs 2,764.46 crore on same day
Siemens-RVNL consortium gets Letter of Acceptance (LoA) for Bangalore Metro Rail Corporation project worth ?394 crore
RVNL emerges lowest bidder for a Central Railway project worth ?138.45 crore
US markets ended marginally higher on June 10
Dow gained 0.18%, Nasdaq rallied 0.35% and S&P500 added 0.26%
NVidia ends nearly 1% higher followed by stock split
US 10-year yield rises to 4.46%
Crude prices rise on supply and demand concerns
Brent crude near $82/bbl
Asian markets were set to mixex opening on early morning
Nikkei up 0.3% and Hangseng down 2%

GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 23300 and 23340
If stays above 23340 will try to check 23400

On other side, Nifty considering a supports 23200 and 23150
Below 23150 finding a next support around 23075

Updated: 08.30 am / 11th June 2024