06th April 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 17557.05 (+0.9%)

On Wednesday, Nifty was seen range with positive bias
Nifty was ended 159 points higher to 17557
Sensex was gained 582 points to close 59689
Bank index gained 0.45%
Other all indices ended positive note except Auto index
Finnance ministry to meet public sector bank’s heads on April 13
FIIs net bought 806 crore while DIIS net sold 947 crore
Dollar index ended around 102
All eyes on look on RBI Policy at 10 am
Brent oil falls as economic fears outweigh OPEC+ cuts
Brent oil settled around $80/bbl
US futures marginally lower after cash markets ends in lower
Dow ended 0.25% higher, Nasdaq declined 1% and S&P500 ended 0.25% lower
Gold off its record high levels. Below $2015/oz
Asian markets lower in early trade
Nikkei down 1% and Hangseng indicates flat

SGXNifty indicates a negative opening for the index
Likely to witness some volatile will be expected during the day ahead of RBI policy
As per open interest date, 17500PE was seen high OI and 17700CE seen high OI
However, Nifty is facing a intraday resistance 17580 and 17610
If stays above 17610 will try to move 17660

On other side, Nifty can be considered as supports as 17525, 17500 and 17460
Below 17460 finding a next support around 17420

Updated: 08.50 am / 06th April 2023