29th May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22888.15 (-0.19%)

After hitting record highs in the previous session, the Indian benchmark indices remained in consolidation mode on May 28
At close, the Sensex was down 220.05 points or 0.29 percent at 75,170.45
Nifty was down 44.30 points or 0.19 percent at 22,888.15
Biggest Nifty losers included Adani Ports, Power Grid Corp, Coal India, Adani Enterprises
while gainers were Divis Laboratories, SBI Life Insurance, HDFC Life, Grasim Industries
On the sectoral front, Oil & Gas, Capital Goods, Telecom, PSU Bank, Power and Realty were down 1-2 percent
However, pharma index was up 0.5 percent
Midcap index was down 0.5 percent and smallcap index shed one percent
INDIA, FRANCE TO BEGIN NEGOTIATIONS THIS WEEK IN MEGA RS 50,000 CRORE 26 RAFALE MARINE JET DEAL – ANI
Foreign institutional investors remained net buyers on May 28 as they bought Indian equities worth Rs 65.57 crore
while DII continued their buying as they purchased equities worth Rs 3,231.67 crore on the same day
Hindalco to raise $1 billion from Novelis IPO valued at over $12.5 billion
GoldmanSachs and BNPParibas emerge buyers in ?900 crore InoxWind promoter sale
IMF upgrades China’s GDP growth forecast for 2024, 2025 following ‘strong’ Q1
US markets ended mixed on May 28
The Dow Jones Industrial Average fell 216.73 points, or 0.55%
The S&P 500 gained 1.32 points, or 0.02%, to 5,306.04
Nasdaq Composite gained 99.09 points, or 0.59%, to 17,019.88
The Nasdaq crossed 17,000 for the first time ever on Tuesday
NVIDIA continues the since Q1 results and stock jumps another 7% to $1135/share
Nvidia just 7% away to cross Apple market-cap
US 10-year yield rises above 4.5%
Gold price rise near $2360/oz
Brent crude above $84/bbl
Dollar index sustained 104.50
Asian markets mixed in early mornings
Hangseng down 1% and Kopsi slips nearly 1%

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Updated: 08.59 am / 29th May 2024

29th May 2024 #Banknifty Intraday Levels

Banknifty last close: 49142.15 (-0.28%)

Today Banknifty is facing a intraday resistance 49300 and 49400
If stays above 49400 will try to move 49550

On flip side, Banknifty considering a supports 49100 and 49000
Below 49000 finding a next support around 48850

Updated: 08.37 am / 29th May 2024

28th May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22932.45 (-0.11%)

The record run continued on Dalal Street with benchmark indices hitting fresh all-time high
But, Last one hour Nifty was erased the intraday gains
Nifty was down 24.65 points or 0.11 percent at 22,932.45
Sensex was down 19.89 points or 0.03 percent at 75,390.50
Top gainers on the Nifty included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree and Adani Ports
while losers were Adani Enterprises, Wipro, Grasim Industries, ONGC and SBI Life Insurance
On the sectoral front, bank, realty and Information Technology indices gained 0.5 percent each
while oil & gas, power and media were down 0.5-1 percent
midcap index was up 0.6 percent while the smallcap index ended flat
India VIX rallied 7% to 23
Foreign institutional investors turned net sellers on May 27 as they sold Indian equities worth Rs 541.22 crore
On the other hand, domestic institutional investors bought Rs 922.6 crore worth of equities on the same day
Adaniet board to meet on Tuesday to discuss fund raise
US market were shut on May 27
The US 10-year Treasury yields were trading flat at 4.46
Crude off 3-month low around $82/bbl
Gold at 2-weeks low at $2350/oz
Asian markets were set to lower opening in early morning

GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 22980 and 23030
If stays above 23030 will try to move 23100

On other hand, Nifty considering a supports 22900 and 22860
Below 22860 finding a next support around 22800

Updated: 09.09 am / 28th May 2024

27th May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22957.10

The Indian benchmark indices rallied 2 percent to hit fresh milestones with Nifty surpassing 23,000 for the first time
Weekly basis, Nifty50 index rose 455.1 points or 2.02 percent to close at 22,957.10 after hitting new high of 23,026.40
BSE Sensex added 1,404.45 points or 1.90 percent to finish at 75,410.39, after touching fresh high of 75,636.5
Capital Goods index up 4.7 percent, BSE Telecom index rose 3.4 percent
while Metal, Power, Oil & Gas and Realty indices added 2 percent each
Large-cap Index surged 2 percent & Mid-cap Index rose 1 percent
Small-cap index ended on flat note
Foreign institutional investors (FIIs) selling as they sold equities worth of Rs 1165.54 crore
Domestic Institutional Investors (DII) bought equities worth Rs 6,977.71 crore in this week
US stocks rebounded on Friday from sharp losses the day before
Dow ended flat, Nasdaq rallied 1% and S&P500 gained 0.7%
Nvidia continues to rise following a strong earnings report around $1050/share
US 10-year yield above 4.47%
Dollar index was trading flat at 104.71
Gold prices were trading with marginal gains around $2340/oz
Crude rises slightly to $82/bbl
Asian markets open higher
Kospi and Shanghai up around 0.5%

GiftNifty indicates a flat opening for the index
Nifty weekly trend decider 23150 & 22800
Today Nifty is facing a intraday resistance 23000 and 23030
If stays above 23030 will try to check 23100

On other hand, Nifty considering a supports 22925 and 22900
Below 22900 finding a next support around 22835

Updated: 08.49 am / 27th May 2024

27th May 2024 #Banknifty Intraday Levels

Banknifty last close: 48971.65 (+0.42%)

This week Banknifty trend decider 49250 and 49000
Today Banknifty is facing a intraday resistance 49100 and 49200
If stays above 49200 will try to move 49400

On flip side, Banknifty considering a supports 48850 and 48750
Below 48750 finding a next support around 48550

Updated: 08.38 am / 27th May 2024

24th May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22967.65 (+1.65%)

Bulls were back in action on Dalal Street with benchmark indices hitting fresh record highs
Nifty closing shy of the coveted 23,000
Nifty was up 369.90 points or 1.64 percent at 22,967.70
Sensex was up 1,196.98 points or 1.61 percent at 75,418.04
Biggest Nifty gainers included Adani Enterprises, Adani Ports, Axis Bank, L&T, M&M
while those on the losing side were Sun Pharma, Power Grid Corp, Hindalco, Coal India
Nifty Midcap 100 index also touched fresh high of 52,452.65
Midcap index up 0.5 percent and Smallcap index up 0.3 percent
Except metal and pharma, all other sectoral indices ended in the green
Auto, bank and capital goods up 2 percent each
ITC inline Board recommends final dividend of ?7.50/sh for FY24
Foreign institutional investors turned buyers on May 23 as they bought Indian equities worth Rs 4,670.95 crore
while domestic institutional investors bought Rs 146.51 crore worth of equities during the same period
US markets ended sharply lower on May 23
Dow down 1.54%, Nasdaq slipped to 0.39% and S&P500 declined 0.75%
US VIX up 4% to 12.77
NVidia up more than 9% following strong earnings report
Boeing tumbles nearly 9%
US weekly jobless claims for the week at 2.15 lk down 8000 vs last week
US 10-year yield rises above 4.45%
Oil prices multi month low around $82/bbl
Gold prices slip to one week low at $2330/oz
Japan inflation slowed to 2.5%, down from March’s 2.7% figure
Asian markets were set to lower opening
Nikkei and Kospi down nearly 1%

GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 23000 and 23050
If stays above 23050 will try to move 23150

On flip side, Nifty can be considered as supports as 22900 and 22850
Below 22850 finding a next support around 22750

Updated: 08.43 am / 24th May 2024