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

Nifty last close: 24964.25 (-0.14%)

Broader market indices continued to outperform their main counterparts for the second consecutive week
On weekly basis, The BSE Sensex fell by 307.09 points, or 0.37 percent, to close at 81,381.36
while the Nifty50 index slipped 50.3 points, or 0.20 percent, ending at 24,964.30
In the broader market, both the BSE Small-cap and Mid-cap indices gained 1 percent each
while the Large-cap index remained largely flat
Sectoral performance was mixed. Nifty Pharma and Auto indices each rose by 2 percent
Nifty IT index gained 1 percent, and the Nifty Realty index also saw a nearly 1 percent increase
In contrast, the Nifty FMCG index dropped 2 percent
while the Nifty Metal and PSU Bank indices each declined by 1.5 percent
FIIs extended their selling streak, offloading equities worth Rs 27,674.99 crore during the week
DIIs remained net buyers, purchasing equities worth Rs 31,363.61 crore
The S&P 500 and the Dow scored record closing highs on Friday
The Dow Jones Industrial Average rose 409.74 points, or 0.97%
S&P 500 gained 34.98 points, or 0.61%
Nasdaq Composite gained 60.89 points, or 0.33%
JPMorgan and Wells Fargo rally on strong earnings rose up to 4%
US PPI data at 1.8% expectation of 1.6%
Oil prices fall $1 as China deflation worries loom
Brent crude at $78/bbl
US 10-year yield sustains around 4.09%
Gold prices shed nearly 0.5 percent at around USD 2646
Asian markets were set to mixed opening on Monday
Hangseng down o.25% and Nikkei up 0.5%

GiftNifty indicates a flat opening for the index
Nifty this week trend decider 25250 and 24750
Today Nifty is facing a intraday resistance 24990 and 25030
If stays above 25030 will try to move 25080

On flip side, Nifty considering a supports 24930 and 24900
Below 24900 finding a next support around 24840

Updated: 08.53 am / 14th Oct 2024