18th Aug 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 19365.25 (-0.5%)

After getting a good fight from the bulls in the last two sessions
The bears took full charge of Dalal Street on August 17
Nifty was opened at 19450 then fell to 19327 then ended 19365
Nifty was down 99.70 points or 0.51 percent at 19,365.30
Sensex was down 388.40 points or 0.59 percent at 65,151.02
TCS, LTIMindtree, DivisLab, Power Grid and Reliance were among the top losers on the Nifty
While gainers included Adani Ports, Titan Company, Adani Enterprises, Bajaj Auto and SBI
Except PSU Bank, all other sectoral indices ended in the red
Capital goods, oil and gas, power, FMCG and information technology down 0.3-0.9 percent
Midcap and smallcap indices ending marginally higher
ACC,Nykaa, and HDFCAMC to be out of Nifty Next 50 from Sept 29
FIIs net sold 1510 crore while DIIs net sold 313 crore on Aug 17
US markets ends with cuts on Thursday
Dow down 0.85%, Nasdaq slipped to 1.17% and S&P500 fell 0.77%
US VIX up 7% to around 17
Dow ends below 50 DMA for the first time since June 1, 2023
Nasdaq reporting 3rd week of losses for the first time since Dec 2022
US 10-year yield rises up to 4.3% hits highest level since Oct 2022
Brent crude sustains around $84/bbl
Dollar index sustained around 103.35
Gold prices hit 5-month lows as yields rise and Dollar index above 103
Bitcoin slips 9% as SpaceX sells entire holdings by $373m
Asian markets mixed in early trade
Hangseng flat and Nikkei down 0.4%

GiftNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 19370 and 19400
If breaks and manages above 19400 finding a next resistance 19440

On other side, Nifty can be considered as supports as 19340, 19320 and 19280
Below 19280 findng a next support around 19200

Updated: 08.38 am / 18th Aug 2023