08th May 2023 #Nifty Intraday Levels and Pre-market Reports

Nifty last close: 18069.00 (-1%)

The Indian equity market ended with no change in the highly volatile week ended May 5
On Friday, Nifty was opened 18117 then fell to 18055 finally ended at 18069 down 1%
In this week, BSE Sensex fell 58.15 points to finish at 61,054.29
Nifty50 was down 4 points to close at 18,069
Mid-cap Index added 1.4 percent & Small-cap index gained 1.3 percent
Large-cap Index ended flat, Consumer Durables index rose 2 percent
Auto index was up 1 percent, and Nifty Energy added nearly 1 percent
while the Nifty Bank index shed 1 .3 percent
VIX shot up to 12.50 from 12
FIIs extended their buying in the week ended May 5 as they bought Rs 5,527.76 crore
DIIs turned net sellers as they sold equities worth Rs 2,735.25 crore
US future trading minor cuts after US market rallied on Friday
US market ends higher on Friday on strong US jobs data
Dow Jones gained 1.65%, S&P500 rallied 1.85% and Nasdaq added 2.25%
US VIX ended 17.20 down 14%
Regional banks shares rebound from lows
Pacwest Bancorp surged 82% on Friday
Apple surged more than 4% on Friday after buyback news
Oil prices jump on Friday. Brent back above $75/bbl
Asian markets largely higher in early trade
Hangseng up 0.3% and Nikkei down 0.65%

SGXNifty indicates a positive note for the index
Nifty weekly trend decider 18040 and 18270
Today Nifty is facing a intraday resistance 18090, 18110 and 18160
If crossover 18160 will see more strength

On other side, Nifty can be considered as supports as 18065, 18040 and 17970
Below 17970 finding a next support around 17920

Updated: 08.49 am / 08th May 2023