16th Aug 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 19434.55

On Monday, Nifty was recovered almost 150 points from day’s low
Finally Nifty ended at 19434 gained 6 points
Sensex gained 79 points to 65401
Banknifty index fell marginally
Metal and Reality index down more than 2%
India’s imports from Russia doubled to $20.45 billion in April-July period
FIIs net sold 2324 crore while DIIs net bought 1460 crore on Aug 14
Infosys bags order worth more than $1.6 billion from liberty global
US markets ends with cuts on Tuesday
Dow down 1%, Nasdaq slipped to 1.15% and S&P500 dropped to 1.15%
US VIX shot up 11% to 16.46
Financials falls as Fitch warns that it may be forced to downgrade banks
US 10-year yield at 4.19%
Crude slumps following weak China economic data
Brent crude at $85/bbl
Dollar index shot up to 103.25
Spot gold was flat at $1907/oz
US Gold Future sustained around $1940/oz
Asian markets lower in early trade
Hangseng and Kospi down nearly 1%

GiftNifty indicates a negative opening for the day
Nifty is facing a intraday resistance 19470 and 19500
If stays above 19500 will try to move 19550

On flip side, Nifty can be considered as supports as 19400 and 19370
Below 19370 finding a next support around 19320 and 19250

Updated: 08.50 am / 16th Aug 2023