10th Feb 2023 #Nifty (Spot) Intraday Levels and Pre-Market Reports

Nifty (spot) last close: 17893.45 (+0.1%)

Indian benchmark indices ended a tad higher in a volatile session on February 9
Nifty was opened 17885 and fell to 17780 then spiked to 17900
Sensex rising 142.43 points, or 0.23 percent, to 60,806.22
Nifty gaining 21.80 points, or 0.12 percent, to end at 17,893.50
Nifty metal index shed 1.5%, auto index 0.5%, pharma index 0.44%
Midcap and smallcap indices underperformed the benchmarks to close flat
FIIs net sold 144 crore while DIIs net bought 205 crore
Today’s result stocks M&M, ABB, Bhel, Beml, Glenmark and Metropolis
Ambujacem and Ibullshsgfin are under F&O ban for Feb 10
S&P warns of possible economic blow, hit to Japan Inc from BOJ rate hike
US weekly jobless claims increase and labor market remains tight
MSCI has cut weightage for four Adani group related stocks
US future markets flat note after cash markets end in red on Thursday
Dow Jonnes down 0.74%, S&P500 declines 0.85% and Nasdaq down 1.02%
Alphabet continues to fall on new chatbot mishap & down 4%
US initial jobless claim foe week ended Feb 4 at 1.96 lakh vs 1.83 lakh
US 10-year yield went to 3.67%
Brent crude at $84/bbl
Gold prices fall to $1860/oz
Dollar index sustained 104
Asian markets mixed opening and Hangseng down 0.6% and Nikkei up 0.5%

SGXNifty indicates a gap down for the index
Likely to witness highly volatile will be expected during the day
Nifty is facing a intraday resistance 17930 and 17970
Budget day high was strong resistance for today’s trade
Stay caution at higher levels!!

On flip side, Nifty can be considered as supports as 17850 and 17810
Below 17810 will try to check 17750

Updated: 08.57 am / 10th Feb 2023