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

Nifty last closE: 18398.85 (+0.5%)

Indian equity benchmarks ended higher in the second consecutive session on May 15
Posting a five-month high, supported by realty, FMCG and PSU Banks
Nifty was opened 18340 and went to 18460 finally ended 0.5% higher
In the last 45 minutes index was erased almost 60 points
Nifty was up 84 points or 0.46 percent at 18,398.80
Sensex was up 317.81 points or 0.51 percent at 62,345.71
Except for power, all other sectoral indices ended in the green
The realty index up over 4 percent, FMCG and PSU Bank indices up 1 percent each
bank, auto, capital goods, IT and metal up 0.5 percent each
Midcap and smallcap indices rose 0.5 percent each
The inflation came in at -0.92% falling largely due to base effect
The falling WPI inflation into the negative territory for the first time since July 2020
FIIs net bought 1685 crore while DIIs net bought 191 crore on May 15
Windfall tax on crude petroleum reduced to Nil from Rs 4100/Tonne
US markets ended marginally higher on Monday
Dow gained 0.14%, Nasdaq added 0.66% and S&P500 rallied 0.3%
US VIX sustained 17.20
WTI crude was up 1.3% to $71.3/bbl
Brent Crude was up 1.3% to $75.45/bbl
US could default on its debt as early as June 1 : US Treasury secy
US 10-year yield rises to 3.49%
Gold prices sustained around $2020/oz
Nissan, Honda, and Toyoto has announced good sales report as well as earnings report
BoJ recently commented a big Dovish the reason Nikkei shot up 5% in last one month
Asian market were set to higher opening
Hangseng and Nikkei shot up around 1%

SGXNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 18430 and 18445
If stays above 18445 finding a next resistance 18480

On other side, Nifty can be considered as supports as 18375 and 18350
Below 18350 will try to check 18300

Updated: 08.39 am / 16th May 2023