12th May 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 18297.00 (-0.1%)

On Thursday, Nifty was seen range with negative bias
Nifty was opened 18358 and went to 18389.70 then slipped to 18270
Nifty 50 index declined 0.1 percent or 18.10 points to 18,297
Sensex dropped 35.68 points or 0.06 percent to 61,904.52
Nifty auto and Nifty Realty continued to see buying
while Nifty Metel and Nifty Pharma were among the losers
VIX shot up to 13.30
Asian paints Q4 net profit rises 45% to Rs 1234 crore
Today’s earnings report stocks Cipla, DLF, Colpal, HPCL, Tatamotors, VEDL
FIIs net bought 837 crore while DIIs net sold 300 crore
MSCI index added MaxHealth, SonaBLW, HAL
MSCI index removed AdaniTrans, AdaniTotal and Industowers
Kotakbank, Indigo and Zamoto increased weight
Dow ended 0.66%, S&P500 fell 0.17% and Nasdaq added 0.18%
Alphabet gained 4.5%, Amazon rallied 2%, Netflix added 2.60%
Disney, Wallmart, Cococola, Caterpiller was ended down
USA VIX ended around 17
Brent Crude ended $75.4/bbl
WTI crude ended $71.44
Dollar inded ended 102.05
Elon Musk hires new CEO and she will start in the six weeks
US 10-year yield slips to 3.37%
Gold prices fall to $2010/oz
Asian markets mixed in early trade
Hangseng index rises 0.3%, Kospi down 0.5%

SGXNifty indicates a negative openig for the index
However, Nifty is facing a intraday resistance 18330, 18360 and 18400
Above levels are strong resistance zone

On other side, Nifty can be considered as supports as 18275, 18250 and 18200
Below 18200 expecting more pain

Updated: 08.54 am / 12th May 2023