16th May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22200.55 (-0.08%)

Indian markets closed marginally lower on May 15
Sensex closed at 72,987 points, down 0.08%, and Nifty at 22,200 points
Broader markets BSE MidCap and Smallcap gained 0.6 percent and 1 percent higher
Among sectoral indices, Nifty PSU Bank Index led gainers, up 1.4%, followed by Nifty Realty and oil & gas, both up 1%
Nifty FMCG Index was the top loser, down 1%, with Nifty auto down 0.5%
Nifty Bank and Nifty Private Bank indices slipped 0.3% each
FIIs sold shares worth Rs 2,832.83 crore. DIIs pumped in Rs 3,788.38 crore worth of stocks on May 15
Results Today Mahindra and Mahindra, GAIL (India), Vodafone Idea, Biocon, CONCOR,
Crompton Greaves Consumer Electricals, Hindustan Aeronautics, KIMS, Info Edge
Wall Street hit record highs as bond yields dropped on news of slower inflation at 3.4%
Boosting expectations for Fed rate cuts by September
US markets ended higher on May 15
Dow gained 0.88%, Nasdaq rallied 1.40% and S&P500 gained 1.15%
The S&P 500 marked its 23rd record of 2024
The VIX fear index plunged to January lows at 12.45 down 7%
US 10-year yield dropped to 4.31%
Brent crude futures were up 42 cents, or 0.5 percent, at $83.17 a barrel
The dollar index, which measures the US currency’s strength against major currencies, was trading at 104.087
Gold extended gains for a third day as the US inflation slowdown hinted at a potential rate cut in September
Near four-week highs, bullion rose 0.3 percent to $2,393.91 an ounce in Singapore
Asian markets were set to higher opening
Nikkei and Kospi up nearly 1%

GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 22240 and 22280
If stays above 22280 will try to move 22330

On flip side, Nifty can be considering a supports around 22175 and 22145
Below 22145 finding a next support around 22100

Updated: 08.16 am / 16th May 2024