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

Nifty last close: 16985.60 (+0.1%)

The Indian equity benchmark ended with minor gains
To break a five-day losing streak in yet another volatile session on March 16
Nifty was opened 16995 then fell to 16850 and spiked to 17062. Finally ended 16985
Yesterday Nifty swing was seen around 750 points
Sensex closed at 57,634.84, up 78.94 points, or 0.14 percent
Nifty at 16,985.60, up 13.40 points, or 0.08 percent
Nifty metal index shed 2.5 percent and the IT index declined 0.7 percent
PSU bank index added 0.5 percent
Midcap index ended flat and the smallcap index lost 0.7 percent
Oil & gas, power, FMCG, realty indices added 1 percent each
VIX was sustained around 16.30
ECB Raises interest rate by 50 bps
FIIs net sold 282 crore while DIIS net bought 2051 crore
First Republic bank receives $30 billion in deposits from big banks
Jp Morgan, Citi Group, and Morgan Stanley deposited the $30 billion
US weekly jobless claims fall below 2 lakh
US future marginally lower after a strong close in the cash market
US markets ends higher on Thursday
Frontline indices rise up to 2.5% led by financials and tech
First Republic bank shares rose 10% on Thursday and erased the gain in pre-market
US 10-year yield rises to 3.58% after the strong jobless claims
Credit Suisse ends 19% higher
Crude snaps 3-day losing streak
Gold prices hold above $1920/oz
Asian markets higher in early trade
Hangseng up 1.2% and Nikkei up 0.5%

SGXNifty indicates a gap up opening for the index
Nifty is facing a intraday resistance 17030, 17050 and 17110
If stays above 17110 will try to move 17180

On other side, Nifty can be considered as supports as 16950, 16920 and 16850
Below 16850 finding a next support around 16770

Updated: 08.49 am / 17th March 2023