05th May 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 18255.80 (+0.9%)

The Indian market bounced back after a day of weakness
Nifty was opened 18100 and rallied up to 18260
Finally, Nifty 50 ended the day at 18,255.80, up 165.95 or 0.92%
Sensex climbed 555.95 points or 0.91 percent to 61,749.25
Hdfc twins has to be supported to lift the index
Except FMCG all other index ended in the green
Smallcap rose 0.79% while midcap space benchmark Nifty Midcap climbed 0.58%
VIX sustained around 12
MSCI to its clients has announced that they will use an adjustment factor of 0.50
for computing weight of merged entity of HDFC Bank
MSCI decision to result in $150 mn of selling in HDFC Bank vs $3 bn inflow earlier estimated by street
Today Britannia, Marico and PEL are annouce their earnings report
FIIs net bought 1415 crore while DIIs net bought 441 crore on May 4
US markets ended in the red on May 4
Dow declines 0.86%, Nasdaq dropped by 0.5% and S&P500 fell to 0.75%
USA VIX was up 10% to 20.15
Brent crude settled around $72/bbl, WTI crude around $68/bbl
Apple rises over 2% in extended trading on better-than-expected earnings
PacWest bank fell 50%, First Horizon Bank fell 33% and Westen alliance fell 35%
US 10-year yield hovers around 3.4%
Gold prices rise above $2050/oz near all time high
Asian markets higher in early trade
Hangseng up 0.5% and Nikkei and Kospi shut

SGXNifty indicates a marginally negative for the index
However, Nifty is facing a intraday resistance 18290 and 18310
If stays above 18310 will try to move 18360

On other side, Nifty can be considered as supports as 18220 and 18200
Below 18200 finding a next support around 18150

Updated: 08.41 am / 05th May 2023