01st Sept 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 19253.80 (-0.5%)
The market again witnessed last-hour profit booking, which erased all the intra-day gains
Also broke its three-day winning run on August 31
Nifty was opened 19375 then fell to 19223 finally ended at 19253.80
Nifty was down 93.70 points or 0.48 percent at 19,253.80
Sensex was down 255.84 points or 0.39 percent at 64,831.41
The Nifty50 index shed 2 percent in the August series
The biggest losers on the Nifty included Adani Enterprises, BPCL, Adani Ports, Eicher Motors
While gainers were Maruti Suzuki, Cipla, HDFC Life, Titan
A mixed trend was seen on the sectoral front, with oil & gas, power, FMCG and bank down 0.5-1.3%
While realty, metal, capital goods and information technology gained 0.2-0.7%
Midcap index ended flat while the smallcap index rose 0.8 percent
India’s GDP growth rate for Q1-FY 2023-24 at 7.8 per cent exp 7.5% previous 6.1%
FIIs net sold 2973 crore while DIIs net bought 4382 crore on Aug 31
US markets ended mixed on Aug 31
Dow slipped to 0.48%, Nasdaq added 0.11% and S&P500 dropped to 0.16%
US VIX down 2% to 13.57
US 10-year yield holds around 4%
Gold prices sustained around $1950/oz
Brent crude at 3-week high at $87/bbl
Dollar index ended higher 0.4% at 103.60
Asian markets were set to higher opening in early trade
Nikkei up 0.6% and Shanghai up 0.4%

GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 19300 and 19345
IF stays above 19345 will try to move 19400

On flip side, Nifty can be considered as supports as 19210 and 19160
Below 19160 finding a next support around 19100

Updated: 09.00 am / 01st Sept 2023