07th May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close:22442.70 (-0.15%)

On May 6 India’s benchmark Sensex and Nifty ended flat
Nifty was opened nearly 0.5 percent higher amid selling seen in PSU stocks
Nifty was down 33.15 points or 0.15 percent to end at 22,442.70
Sensex was up 17.39 points or 0.02 percent to close at 73,895.54
Among gainers, Kotak Mahindra Bank was the top gainer,Tata Consultancy Services and Hindustan Uneliver
Among losers, Titan Co Ltd fell over 7.2 percent, SBI lost 2.9 percent while NTPC lost 2.31 percent
Among sectoral indices, the Nifty Realty index jumped 2.76 percent
Nifty PSU Bank index dropped 3.66
HPCL to consider bonus equity share on May 9, 2024
FIIs sold shares worth Rs 2,168.75 crore. DIIs pumped in Rs 781.39 crore worth of stocks on May 6
Q4 Earnings stocks Dr Reddy’s Labs, PB Fintech, JSW Energy, Voltas, Delta Corp, Graphite India,
Indraprastha Gas, IRB Infrastructure, Jindal Saw, KEC International, Max Financial
After intense campaigning, the third phase of Lok Sabha elections is set to cover 93 seats across 11 states and Union Territories
US Markets ended higher on May 6
Wall Street’s optimism that the Federal Reserve will initiate interest rate cuts this year
Stocks surged in their best three-day rally since November
Dow gained 0.46, Nasdaq rallied 1.20%, and S&P500 gained 1%
US VIX ended around 13.50
US 10-year yield steady at 4.49% following fed comments
Crude sustains around $83/bbl
Gold price rises above $2320/oz
Dollar index above 105 mark
Asian markets higher opening
Nikkei up more than 1% and Kospi rises nearly 1.5%

GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 22475 and 22500
If stays above 22500 will try to move 22550

On flip side, Nifty considering a supports 22410 and 22380
Below 22380 finding a next support around 22330

Updated: 08.25 am / 07th May 2024