02nd May 2024 #Nifty Intrday Levels & Pre-Market Reports

Nifty last close: 22604.85 (-0.17%)

In the highly volatile session on April 30, the market erased all the intraday gains and ended lower
At the close of April 30, the Sensex was down 188.50 points or 0.25 percent at 74,482.78
Nifty was down 38.60 points or 0.17 percent at 22,604.80
Change in expiry day of Single Stock Derivatives in equity derivatives segment
Godrej family reaches agreement to split conglomerate into two branches
India has cut its windfall tax on petroleum crude to 8,400 Indian rupees ($100.66) a metric ton from 9,600 rupees
India’s Goods and Services Tax (GST) collections in gross terms hit a record high in April 2024 at Rs 2.1 lakh crore
Foreign institutional investors (FIIs) net bought Rs 1,071.93 crore shares
while domestic institutional investors (DIIs) pumped in Rs 1,429.11 crore on April 30
India’s eight core sectors posted a growth of 5.2 percent in March
Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation
Fed Chair Jerome Powell said that after starting 2024 with three months of faster-than-expected price increases
it “will take longer than previously expected” for policymakers
To become comfortable that inflation will resume the decline towards 2% that had cheered them through much of last year
US markets ended mixed on May 1
Dow gained 0.23%, Nasdaq declined 0.33% and S&P500 dell 0.34%
US VIX down 2% 5o 15.30
Apple to report first quarter earnings today
US 10-year yield declines to 4.62%
Crude sustains above $84/bbl
Japan’s factory activity shrank at a slower pace in April as declines in output and new orders eased
Nikkei and Hangseng up nearly 1%

GiftNifty indicates a gap up opening for the index
Nifty is facing a intraday resistance 22675 and 22700
If stays above 22700 will try to move 22760

On other side, Nifty considering a supports 22600 and 22575
Below 22575 finding a next support around 22500

Updated: 09.00 am / 02nd May 2024