05th Jan 2024 #Nifty Intraday Levels & Pre-Market Reports

Nifty last close: 21853.80 (+0.72%)

The market snapped a two-week losing streak
Posted the biggest weekly gains in the last two months in the volatile (Budget) week ended February 2
Nifty touched a fresh record high of 22,126.80 and ended with a gain of 501.2 points or 2.34percent at 21,853.80
Sensex also inched closer to its all-time high of 73,427.59
Finished with a gain of 1,384.96 points or 2 percent at 72,085.63
On the sectoral front, Nifty PSU Bank index surged 11.5 percent
Nifty Oil & gas index rose 9 percent, Nifty Energy index gained 8 percent
Nifty Metal, Auto, and Realty indices up 4 percent each
Small-cap index added 3.3 percent in this week
DIIs continued their support to the market as they bought equities worth Rs 10,102.62 crore during the week
FIIs also shrunk their selling as they sold equities only worth of Rs 2,008.68 crore
In January, the FIIs sold equities worth Rs 35,977.87 crore and DIIs bought equities worth Rs 26,743.63 crore
India increased its windfall tax on petroleum oil to Rs 3,200 per tonne from 1,700 rupees on Saturday
RBI likely to hold rates until mid-year, first cut in Q3 2024: Reuters poll
InterGlobe Aviation Ltd, the parent company of India’s largest budget airline IndiGo on Feb 2
Posted an 111 percent jump in net profit in the December quarter & Revenue surged 30 percent to Rs 19,452.15 crore
US markets ended higher on Jan 2
Dow gained 0.35%, Nasdaq rallied 1.74% and S&P500 added 1.07%
S&P500 and Dow Jones end at record levels on Friday
US 10-year yield back above 4% on unexpected strong jobs report
Brent crude falls below $77/bbl
Gold prices fall to $2035/oz
Asian markets mixed in early trade on Feb 5
Nikkei up 0.4% and Shanghai down 1.5%

GiftNifty indicates negative opening for the index
This week Nifty trend decider 22130 and 21400
Today Nifty is facing a intraday resistance 21920 and 21960
If stays above 21960 will try to move 22050

On flip side, Nifty considering a supports 21800 and 21750
Below 21750 will try to check 21650

Updated: 08.55 am / 05th Feb 2024