Nifty last close : 22475.85 (-0.76%)
On Friday, Nifty was seen selling pressure and ended 0.76% down
Nifty reached 22,476 from a peak of 22,795, down 172 points (0.76%)
Sensex swung 1,627 points intraday, ending at 73,878, down 733 points (0.98%)
On weekly basis, Nifty gained 0.25% and Sensex added 0.2%
Midcap and Smallcap index rallied marginally around 0.5%
Auto, Banknifty, and pharma added 0.75% to 2% higher
IT and Reality down 2.5% and 1.5% each
VIX shot up to 14.50
KotakBank on May 4 reported a net profit of Rs 4,133 crore for the January-March qtr
Foreign institutional investors (FIIs) net sold Rs 2,391.98 crore worth shares
while domestic institutional investors (DIIs) pumped in Rs 690.52 crore on May 3
US markets ended higher on May 3
Dow gained 1.18%, Nasdaq added 2% and S&P500 rallied 1.25%
Apple rises above 6% and Nivida rallied 4%
US 10-year yield sustains around 4.5%
Crude holds around $84/bbl
Asian markets were set to mixed openings in early trade
GiftNifty indicates a positive opening for the index
Nifty weekly trend decider 22300 and 22800
Today Nifty is facing a intraday resistance 22520 and 22560
Above 22560 will try to move 22620
Nifty can be considered as supports as 22435 and 22400
Below 22400 finding a next support around 22340
Updated: 08.54 am / 06th May 2024
