08th April 2024 #Nifty Intraday Levels and Pre-Market Report

Nifty last close: 22513.70

Broader indices continued the last financial year outperformance in the first week of April (FY25)
On last week, Sensex rose 596.87 or 0.81 percent to finish at 74,248.22 and touched record high of 74,501.73
Nifty50 index gained 186.8 points or 0.83 percent to close at 22,513.70 and touched new high of 22,619
Among the broader indices, the BSE Small-cap, Mid-cap and Large-cap indices gained 7%, 4% and 1%
Among sectors, Nifty Media index jumped 6.7 percent, Nifty Metal added 5.3 percent
Nifty PSU Bank up 4.2 percent and Nifty Realty index rose 4 percent
Foreign institutional investors (FIIs) sold equities worth of Rs 3,835.75 crore
DIIs just bought 2 lakhs only on last week
US markets ended higher on last Friday
Dow gained 0.8%, Nasdaq rallied 1.2% and S&P500 gained 1.1%
US VIX sustained 16
US 10-year yield jumps to 4.4%
Crude falls below $90/bbl
Gold prices hover near record high and ended $2325/oz
Asian markets higher ahead of China inflation data this week
Nikkei up 1% and Hangseng up 0.5%

GiftNifty indicates a positive opening for the index
Nifty this week trend decider 22620 an 22300
Today Nifty is facing a intraday resistance 22540 and 22575
If stays above 22575 will try to check 22620

On other hand, Nifty considering a supports 22490 and 22450
Below 22450 finding a next support around 22380

Updated: 08.50 am / 08th April 2024