18th March 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22023.35 (-0.56%)

After trading in the green for four weeks in a row, the market ended in the red
In last week, BSE Sensex lost 1,475.96 or 0.99 percent to end at 72,643.43
Nifty50 shed 470.25 points or 2.09 percent to finish at 22,023.30
Smallcap index posted its biggest weekly losses since December 2022 as it plunged 6 percent
Mid-cap Index tumbled 4 percent
Nifty Realty index shed 9.4 percent, Nifty Media index 8.3 percent, Nifty PSU Bank 8 percent
Nifty Metal index fell 6.8 percent while Information Technology index added 1 percent
Foreign institutional investors (FIIs) sold off equities worth Rs 816.91 crore
While their domestic peers (DIIs) continued to support the market, infusing Rs 14,147.5 crore
General election to be held in 7 phases from April 19 to June 1, results on June 4
India’s February trade deficit widens to $18.71 billion, exports at 11-month high
US markets ended lower on last Friday
Dow fell 0.49%, Nasdaq declined 0.96% and S&P500 dropped 0.65%
Amazon and Microsoft falling 2% each
US 10-year stays around 4.30
Crude sustains above $85/bbl
Gold prices fall below $2150/oz
Asian markets were set to higher opening in early trade
Nikkei up 2% and Hangseng up 0.35%

GiftNifty indicates a flat note for the index
This week trend decider 21800 and 22225
Today Nifty is facing a intraday resistance 22060 and 22080
If stays above 22080 will try to move 22140

On other side, Nifty considering a supports 21980 and 21950
Below 21950 finding a next support around 21900

Updated: 08.49 am / 18th March 2024