11th March 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22493.55

The Indian market had a positive run for the fourth week in a row
With the benchmark indices reaching an all-time high despite high volatility in the week
On weekly basis, Sensex hit a new record high of 74,245.17 and ended 313.24 points or 0.42 percent higher at 74,119.39
The Nifty50 index also reached a new high of 22,525.65 and closed 115.15 points or 0.51 percent higher at 22,493.55
However, the broader indices underperformed, with the small-cap index declining by more than 2 percent
In terms of sectors, the Nifty PSU Bank index rose by 3 percent, the Nifty Pharma index was up by 1.5 percent
while the Nifty Energy and Nifty Bank added 1.4 percent and 1 percent respectively
On the other hand, Nifty Media lost 3.2 percent, Nifty Information Technology index was down by 1.3 percent
Nifty Realty index shed 1 percent
Foreign institutional investors (FIIs) sold equities worth of Rs 10,081.08 crore
On the other hand Domestic institutional investors (DIIs) bought equities worth Rs 10,129.17 crore during the week
US markets ended lower on last Friday
Dow down 0.18%, Nasdaq slipped to 1.16% and S&P500 down 0.65%
US Feb Jobes growth above estimate at 2.75 Lk vs 2.29 Lk (MoM)
Nvidia fell more than 10% from all time high
US 10-year yield softens at 4.06%
US VIX ended around 14.60
Gold prices above $2180/oz
Bitcoin rises to record high over $70,000
Asian markets are were to lower opening
Nikkei down around 2% ahead of GDP data
Hangseng up around 1%

GiftNifty indicates a flat opening for the index
Nifty this week trend decider 22600 and 22200
Today Nifty is facing a intraday resistance 22520 and 22550
Above 22550 will try to move 22600

On flip side, Nifty considering a supports 22470 and 22430
Below 22430 finding a next support around 22380

Updated: 08.47 am / 11th March 2024