11th May 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 18315.10 (+0.3%)

Some buying towards the end of the day on May 10 lifted benchmark indices higher
Nifty was opened 18313 then fell to 18212 again spiked to 18325
Nifty 50 index closed at 18,315.10, rising 49.15 points or 0.27 percent
Sensex advanced 178.87 points or 0.29 percent to 61,940.20
Midcap 100 closed up 0.05% while Nifty Smallcap rose 0.14%
VIX was shot up to 13 from 12
Today Eichermotor and Asianpaint will be declaring their earings report
LT net profit spikes 10% to Rs 3987 crore but misses the estimates
FIIs net bought 1833 crore while DIIsnet sold 789 crore
Govt exempts customs duty on imports of crude bean oil & Sunflower seed oil
US inflation came with better than expected at 4.9% previous was 5%
Dow down 0.09%, S&P500 added 0.45% and Nasdaq gained 1%
US VIX fell 5% to 16.93
Alphabet rises 4% after company unveils new AI tools and pixel fold at Google IO
First Citiznes bank rises 8% after purchage of SVB asset
US 10-year yield falls to 3.42
Diney slips 5% after the company reported decline in subscription in Q2
Crude snaps 3-day gaining ended at $76/bbl
Gold prises fall slightly at $2030/oz
China CPI rises 0.1% YoY vs estimate of 0.3%. Lowest since Feb 2021
Asian markets trades highest

SGXNifty indicates a positive opening for the index
Nifty 18200PE was seen highest OI which means buy on declines
As well as 18200 is the strong support zone for today’s trade
However, Nifty is facing a intraday resistance 18335, 18350 and 18380
If stays above 18380 will try to move 18440

On other side, Nifty can be considered as supports as 18300, 18280 and 18240
Below 18240 finding a next support at 18200

Updated: 08.46 am / 11th May 2023