02nd Aug 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 25010.90 (+0.24%)

After reaching new record highs, Indian markets gave up most of their morning gains on August 1
At the close, the Sensex stood at 81,867.55, up by 0.15 points
Nifty closed at 25,010.9, up by 0.24 percent
Among sectoral losers, Nifty Media led with a 1.9% drop, Realty and Nifty PSU Bank, down 1.7% and 1%
On the gainers’ side, Nifty Oil and Gas rose 0.4%, and Nifty Healthcare increased by 0.3%
FIIs turned net buyers as they bought equities worth Rs 2,089 crore on August 1
while domestic institutional investors sold equities worth Rs 337 crore on the same day
US stocks kicked off August sharply lower after a round of economic data on Thursday
Dow Jones Industrial Average fell 494.82 points, or 1.21 percent
S&P 500 lost 75.62 points, or 1.37 percent
Nasdaq Composite lost 405.25 points, or 2.30 percent
Amazon and Intel fell 7% and 19% after the disappointing results
Apple stock edges lower on iPhone sales decline
Nvidia lost 9% seen profit booking
US 10-year yield falls below 4%
Crude rises $81/bbl
Gold price lower at $2440/oz
Asian market were set to lower opening
Nikkei down 5% and erased 2024 gains
Hangseng down 3%

GiftNifty indicates a gap down opening for the index
Nifty is facing a intraday resistance 25025 and 25050
Above 25050 will try to check 25100

On flip side, Nifty considering a supports 24970 and 24940
Below 24940 finding a next support around 24880
Thereafter will try to check 24750

Updated: 08.55 am / 02nd Aug 2024