04th May 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 18089.85 (-0.3%)

Indian equity benchmarks snapped multi-day winning run eight day for Sensex and six day for Nifty and closed lower on May 3
Nifty was opened 18110 then fell to 18042 again went to 18100
The final tally was, Sensex closed 161.41 points, or 0.26 percent, down at 61,193.30
Nifty ended at 18,089, down 57.80 points, or 0.32 percent
Midcap 100 ended the day with gains of 0.25% while Nifty Smallcap 100 was down 0.07%
The biggest losers of the day were Nifty PSU Bank and Nifty IT that ended 1% lower each
Gainers included Nifty FMCG, Nifty Media and Nifty Realty
VIX sustained around 12
HDFC will be declaring their earnings report on May 4
FIIs net bought 1338 crore while DIIS net sol 583 crore on May 3
( Fed raises interest rates by 25 bps
Fed omits prior language signaling more hikes ahead
Will continue reducing balance sheet as planned
Says that 25 bps rate hike was unanimous
The Fed seems to be opening the door for a “pause.” )
US markets ends with cuts on Wednesday
Frontline indices fell nearly 1%
PacWest bank slips 57% after market hours
US 10-year yield fall to 3.33
Crude slipped to $73/bbl
Gold prices rise to 2050/oz highest level since April 14
Dollar index fell below 101
Asian markets mixed opening the early trade
HAngSeng up nearly 1% and Kospi down 0.5%

SGXNifty indicates a neagtive opening for the day
However, Nifty is facing a intraday resistance 18110, 18130 and 18170
Stay caution at higher levels up to 18200

On other side, Nifty can be considered as supports as 18070 and 18045
Below 18045 finding a next support around 18000 and 17950

Updated: 08.48 am / 04th May 2023