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

Nifty last close 19435.30 (+0.9%)

Upbeat GDP numbers and better manufacturing PMI data for the first quarter of this fiscal
Helped the benchmark indices end a five-week losing streak
On weekly basis, Sensex gained 0.77 percent, or 500.65 points, to end at 65,387.16
Nifty50 added 0.87 percent, or 169.5 points, to close at 19,435.30
Mid-cap,Small-cap and theLarge-cap indices gaining 2.3%, 3.8 percent and 1%, respectively
Metals and the BSE Realty indices saw weekly gains exceeding 5 percent
FIIs continued to sell in the sixth consecutive week as they offloaded equities worth Rs 4,311.58 crore
DIIs bought equities worth Rs 9,570.03 crore in this week
However, in this month of August, FII sold equities worth Rs 20,620.65 crore
DII bought equities worth Rs 25,016.95 crore
Uday Kotak steps down the CEO of KotakBank
BSE revises circuit limit for Jio Financial from 5% to 20%
GQG buys shares worth of Rs 1527 crore in IDFCFirst bank
US markets endes higher on Friday
Dow gained 0.33%, Nasdaq ended flat and S&P500 gained 0.18%
US VIX ended 13
Gold prices sustained around $1940/oz
Brent crude at $87.50/bbl
WTI crude around $84/bbl
Dollar index spiked to 104.23
Asian markets were set to higher in early trade

GiftNifty indicates a positive opening for the index
Nifty weekly trend decider 19460 and 19230
Today Nifty is facing a intraday resistance 19470 and 19500
If stays above 19500 finding a next resistance 19550

On other side, Nifty can be considering a support 19400 and 19370
Below 19370 will try to check 19320

Updated: 08.47 am / 04th Sept 2023