05th April 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22514.65 (+0.36%)

On Thursday, Nifty was seen highly volatile and travelled almost 500 points swing
Nifty was opened 22600 then fell to 22300 again went to day’s high
Finally, Nifty was up 80 points, or 0.36 percent, to 22,514.70
The Sensex ended 350.81 points, or 0.47 percent, higher at 74,227.63
India VIX around 11.20
Midcap and Small-cap was seen outperform and ended 1% higher
HDFCBank finally crossed 1500 market after the long period
Foreign institutional investors (FIIs) net sold shares worth Rs 1,136.47 crore
while domestic institutional investors (DIIs) offloaded Rs 893.11 crore worth of stocks on April 4
The NSE has retained Hindustan Copper, SAIL and Zee Entertainment Enterprises to the F&O ban list for April 5
RBI defers implementing directions on exchange-traded forex derivatives to May 3
Zee-Sony merger: NCLAT to decide next course of action in appeal on April 15
Reserve Bank of India’s Monetary Policy Committee is set to announce its interest rate decision on April 5
US markets seen highly volatile and ended sharply lower on April 4
US initial weekly jobless claims rise to 2.21 Lk vs 2.10 Lk
Also FED Gov said in the media there is no rate cuts in 2024
Dow declined 1.35%, Nasdaq dropped to 1.4% and S&P500 fell 1.23%
Dow declined more than 1000 points from day high
US VIX shot up 14% t 16.35
US 10-year yield falls near 4.3%
Crude rises above $90/bbl for the geopolitical tensions
Gold falls to $2270/oz after hitting all time high
Asian markets were set to lower opening in the early session

GiftNifty indicates a gap down opening for the index
Nifty is facing a intraday resistance 22540 and 22600
If stays above 22600 will try to move 22675

On flip side, Nifty considering a supports 22475 and 22425
Below 22425 finding a next supports 22340

Updated: 09.00 am / 05th April 2024