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

Nifty last close: 19675.45 (+1.19%)

The index has strong positive opening. The index has formed bullish candlestick pattern on Nov 15
Sensex jumped 742 points to 65,676
The Nifty50 settled at 19,676, up 232 points or 1.19 percent
The biggest single-day gains since March 31
All indices ended in the green
IT index gained more than 2%
Midcap and Smallcap index added more than 1%
India VIX sustained around 11
Foreign institutional investors net bought shares worth Rs 550.19 crore
While domestic institutional investors purchased Rs 609.82 crore worth of stocks on November 15
ONGC plans to invest Rs 1 lakh crore to set up 2 petrochemical plants
Vedanta sets up new copper unit in Saudi Arabia
RBI asks Bajaj Finance to stop lending under ‘eCom’ and ‘Insta EMI card’ products with immediate effect
US markets ended highers on Nov 15
Dow gained 0.47%, Nasdaq and S&P500 ended flat note
Cisco systems fall 11% in extended trading on weak guidance
Targets stock jumps nearly 18% as earnings beat
US retail sales came in below expectations
US 10-year yield above 4.5%
The Dollar index traded 0.30 percent higher in futures at 104.36
Spot gold ticked down 0.1% at $1,960.49 per ounce
Brent futures were down 92 cents to $81.55 a barrel
West Texas Intermediate crude was down $1.01 cents to $77.25
Asian markets Japan’s Nikkei 225 opened near flat levels
Hangseng down nearly 1% in early trade

GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 19690 and 19710
If stays above 19710 will try to move 19750

On flip side, Nifty considering a supports 19640 and 19610
Below 19610 will try to check 19570

Updated: 08.47 am / 16th Nov 2023