14th March 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 21997.70 (-1.51%)

The Indian market closed deep in the red on March 17
As broad-based selling and the mid and smallcap meltdown continued for another day
Nifty was opened 214440 then fell to 21905 then ended 21997
Nifty ended 338.00 points, or 1.51 percent, lower at 21,997.70
Sensex was down 906.07 points, or 1.23 percent, at 72,761.89
The biggest Nifty losers included Adani Enterprises, Coal India, Adani Ports, Power Grid
while gainers were ITC, UltraTech Cement, HCL Technologies, Kotak Mahindra Bank
All sectoral indices, except IT, ended in the red
Realty, media, PSU bank, telecom, power, oil & gas and metals down 4-6 percent
Broader indices underperformed the main indices with BSE Midcap index fell 4 percent
Registering steepest fall since December 2021
Smallcap index plunged 5 percent, a major drag since February 2022
Nearly 200 NSE stocks hit 52-week lows & 400 stocks close at lower circuit
Foreign institutional investors (FIIs) net sold shares worth Rs 4,595.06 crore
While domestic institutional investors (DIIs) purchased Rs 9,093.72 crore worth of stocks on March 13
SBI partners with Paytm as the fourth bank for its UPI business
Reliance to buy Paramount’s stake in Viacom18
Reliance Industries has agreed to buy Paramount Global’s entire 13.01% stake in local entertainment network
Viacom 18 Media for about $517 million
Viacom18 is majority-owned by Reliance and has 40 television channels, including Comedy Central, Nickelodeon and MTV
US markets ended mixed on March 13
Dow gained 0.1%, Nasdaq slipped 0.55% and S&P500 ended 0.19% lower
US 10-year yield rises to 4.19%
Gold prices rise to $2175/oz
The dollar index , which measures the greenback against a basket of six currencies, was mostly flat at 102.77
Brent futures rose $2.11, or 2.6 percent, to settle at $84.03 a barrel
while US West Texas Intermediate (WTI) crude rose $2.16, or 2.8 percent, to settle at $79.72
Asian markets were set to mixed opening
Hangseng down 0.25% and Nikkei at flat note

GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 22050 and 22100
If stays above 22100 will try to move 22170-22200

Nifty considering a supports 21940 and 21900
Below 21900 finding a next support around 21830

Updated: 08.57 am / 14th March 2024