23rd May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22597.80 (+0.32%)

The Indian benchmark indices ended on positive note on May 22
Nifty was seen little bit volatile and sustains around 22600
Finally, Nifty was up 68.80 points or 0.31 percent at 22,597.80
Sensex was up 267.75 points or 0.36 percent at 74,221.06
Cipla, HUL, Tata Consumer, HUL, Coal India and Britannia were among the major gainers on the Nifty
while losers included SBI, Hindalco, Shriram Finance, Hero MotoCorp and Apollo Hospitals
On the sectoral front, realty and FMCG gained one percent each, and capital goods, IT and Media were up 0.5 percent each
On the other hand, bank index was down 0.5 percent and meal index shed 0.4 percent each
Midcap index ended on a flat note and smallcap index was up 0.2 percent
RBI announces record dividend of Rs 2.11 Lakh Crore To Government
US markets ended red note on May 22
Dow declined 0.5%, Nasdaq down 0.18% and S&P500 fell 0.27%
(SUMMARY OF FED MEETING MINUTES (5/22/24)
Various offices mention raising rates if inflation warrants it
Fed officials note “disappointing” inflation data in Q1 2024
Officials discussed holding rates higher for longer
Some officials worry that financial conditions are not sufficiently restrictive
Some officials think long run rates need to be higher
Many officials commented on uncertainty about degree of policy restrictiveness
Higher for longer is here to stay)
Nvidia surges 6% in pre-market trades after the strong Q1 results
Nvidia announced stock split 10 for 1
US 10-year yield sustained 4.42%
Oil prices fall for 3rd consecutive day and Brent below $82/bbl
Gold prices fall to $2370/oz
Asian markets were set mixed opening in the early morning
Nikkei up 0.77% and Hangseng down 1.30%

GiftNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 22610 and 22630
If stays above 22630 will try to move 22680

On flip side, Nifty considering a supports 22575 and 22550
Below 22550 finding a next supports around 22500

Updated: 08.58 am / 23rd May 2024

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

Nifty last close: 22466.10 (+0.28%)

On May 18, in the special trading session, the domestic markets extended in the green for the third straight session
Sensex and Nifty closing with 0.1 percent gains
Broader markets, meanwhile, outperformed benchmark indices
On weekly basis, Nifty & Sensex rallied around 1.85%
All index rallied on last week except FMCG
India VIX sustained above 20
US markets ended mixed on Monday
Dow lost 0.49%, Nasdaq rallied 0.65% and S&P500 flat note
NVidia will be release their earnings report on Wednesday
US 10-year yield above 4.5%
Crude fall below $84/bbl
Gold rises to all time high above $2415/oz
Silver also jumps above 100/gm
Dollar index below 105 mark
Asian markets were set to mixed in early trade
Nikkei up 0.15% and Hangseng down 2%

GiftNifty indicates positive opening for the index
Nifty this week trend decider 22600 and 22300
Today Nifty is facing a intraday resistance 22540 and 22600
If stays above 22600 will try to move 22660

On other side, Nifty considering a supports 22460 and 22420
Below 22420 finding a next support around 22360

Updated: 08.36 am / 21st May 2024

21st May 2024 #Banknifty Intraday Levels

Banknifty last close: 48115.65 (+0.29%)

This week Banknifty trend decider 48260 and 47350
Today Banknifty is facing a intraday resistance 48200 and 48260
If stays above 48260 will try to move 48350 and 48500

On flip side, Banknifty considering a supports 48000 and 47900
Below 47900 finding a next support around 48750

Updated: 08.20 am / 21st May 2024

17th May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close : 22403.85 (+0.92%)

Sensex and Nifty 50 ended nearly 1 percent higher on May 16 after a choppy session
Nifty showed a sharp surge in the last half an hour of the weekly expiry session
At close, the Sensex was up 677 points or 0.9 percent at 73,663
Nifty 50 was up 203 points or 0.9 percent at 22,403
BSE Midcap and BSE Smallcap index gaining more than 1 percent each
Volatility index India VIX fell over 2 percent and closed around 20
Mahindra’s XUV 3XO receives 50,000+ bookings within the 1st hour of launch
Norway’s Norges Bank decides to exclude AdaniPorts from the Government Pension Fund due to unacceptable risk
M&M board approves ?12,000 cr investment for its EV Subsidiary (MEAL) over 3 years
US markets ended marginally lower on May 16
Dow slipped 0.10%, Nasdaq down 0.26% and S&P500 declined 0.2%
US VIX ended 12.42
Dow index touched 40000 in first time
US 10-year yield rises to 4.36%
Gold sustains around $2377/oz
Dollar index sustains around 104-104.50
Asian markets were set to mixed opening
Nikkei down 0.4% and Hangseng up 1%

GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 22470 and 22500
If stays above 22500 will try to move 22600

On other hand, Nifty considering a supports 22360 and 22330
Below 22330 finding a next support around 22240

Updated: 08.50 am / 17th May 2024

17th May 2024 #Banknifty Intraday Levels

Banknifty last close: 47977.05 (+0.61%)

Today Banknifty is facing a intraday resistance at 48100 and 48200
If stays above 48200 will try to move 48375 and 48550

On flip side, Banknifty can be considering a supports 47850 and 47750
Below 47750 finding a next support around 47550

Updated: 08.25 am / 17th May 2024