17th April 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 17828 (+0.1%)

The market sustained its uptrend for three weeks in a row
Benchmark indices rising one percent for the truncated week ended April 13
On weekly basis, Sensex rose 598.03 points or 0.99 percent to close at 60,431
Nifty50 rose 228.85 points or 1.3 percent to close at 17,828
Nifty Midcap 100 and Smallcap 100 indices gained 1.75% and 1.5%
Nifty Realty index rose 5.25%, Auto index up 3.6%, Metal up 3.2% and Bank index added 2.6%
On the other hand, IT index down 1.5% and Media index down 0.6%
FIIs extended the buying in the third consecutive week
They bought equities worth Rs 3355.16 crore during this week
DIIs continued the profit booking in the second week, as they sold equities worth 411 cr
Infy has recorded Rs 6126 crore profit but missed the estimates
HDFCBank reported 19.8% YoY growth in standlone profit but slightly missed the estimates
Tatmotors will marginally increase the price of its passenger vehicles from May 1
Dollar index settled around 101.50
Gold prices pulles back sharply on Friday and settled around $2005/oz
US Futures higher following a close in the red for cash market
On Friday, Dow down 0.42%, Nasdaq fell 0.35% and S&P500 declined 0.21%
Wells Fargo and JPMorgan reported Q1 earnings above expectations
US 10-year yield hovers around 3.5%
Crude at $86/bbl
Asian markets mixed in early trade
Hangseng slips 0.5% and Nikkei flat opening

SGXNifty indicates a negative opening for the index
However, This week Nifty trend decider 17850 and 17600
Today Nifty is facing a intrady resistance 17830 and 17860
If stays above 17860 will try to move 17900

On other side, Nifty can be considered as supports as 17800 and 17760
Below 17760 finding a next support around 17720

Updated: 08.42 am / 17th April 2023