10th Oct 2024 #Nifty intraday levels and pre-market report

Nifty last close: 24981.95 (-0.12%)

Amid final hour selling, Indian benchmark indices failed to hold intraday gains and ended marginally lower
Sensex and Nifty 50 indices erased 852 points and 252 points from their day’s high
At close, the Sensex was down 167.71 points or 0.21 percent at 81,467.10
Nifty was down 31.20 points or 0.12 percent at 24,982
Midcap and Smallcap indices up more than 1 percent each
Among sectors, except FMCG down 1.3% and oil & gas down 0.6%
All other indices ended in the green with pharma, power, realty up 1-2 percent
The Monetary Policy Committee has kept the repo rate unchanged at 6.5 percent for the 10th time
EasyTrip to consider bonus issue on October 14
China #FinanceMinister plans briefing on October 12 as investors seek stimulus
The foreign institutional investors (FIIs) sold equities worth Rs 4562 crore on October 9
while domestic institutional investors bought equities worth Rs 3,508 crore
Wall Street stocks advanced on Wednesday
S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting minutes
The Dow Jones Industrial Average rose 431.63 points, or 1.03%
The S&P 500 gained 40.91 points, or 0.71%
Nasdaq Composite climbed 108.70 points, or 0.60%
CPI data awaited for more rate cuts
Gold at $2612/oz
The US 10-year Treasury yield shed 24 bps at 4.06 percent
Dollar index shot up 2 month high to 102.85
Asian markets were set to higher opening
Nikkei up 0.3% and Hangseng up 4%

GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 25040 and 25100
If stays above 25100 will try to move 25160-25225

On other side, Nifty considering a supports 24960 and 24920
Below 24920 finding a next support around 24850

Updated: 08.59 am / 10th Oct 2024