19th Oct 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 19671.10 (-0.7%)

After witnessing recovery in the previous session, the market again came under pressure on October 18
Nifty was opened 19800 then fell to 19660
Finally Nifty was down 140.40 points or 0.71 percent at 19,671.10
Sensex was down 551.07 points or 0.83 percent at 65,877.02
The biggest losers included Bajaj Finance, Bajaj Finserv, NTPC, HDFC Bank
While gainers were Cipla, Dr Reddy’s Laboratories, Tata Motors, Sun Pharma
Among sectors, except auto and pharma, all other sectoral indices ended in the red
Power, Information technology, oil & gas, metal, realty and bank down 0.5-1 percent each
Midcap index shed 0.8 percent and the Smallcap index fell 0.3 percent
Bajaj Auto Q2 net profit rises 20% YoY to Rs 1,836 crore
FII sold shares worth Rs 1,831.84 crore, while DII purchased Rs 1,469.50 crore worth of stocks on October 18
Dollar holds near 150 yen ahead of Fed Chair remarks
CLSA downgrades Bandhanbank to outperform from buy
India’s economy will reach $7 trillion by 2030, forecasts JPMorgan’s James Sullivan
US markets ended deep negative on Oct 18
Dow down 0.98%, Nasdaq fell 1.62%, S&P500 declined 1.35%
US VIX up 7.5% to 19.22
Tesla falls 4% following weaker than expected Q3 results
Netflix rises nearly 12% in extended trading on beat Q3 result
US 10-year yield hits 16 year high at 4.94%
Brent futures for December fell 74 cents to $90.76 a barrel
Gold falls to $1946/oz
Asian markets lower in early trade
Hangseng and Nikkei down 1% to 2%

GiftNifty indicates a gap down opening for the index
Nifty is facing a intraday resistance 19720 and 19760
If stays above 19760 will move to 19810
Stay caution at higher levels!!

On other hand, Nifty considering a supports 19635 and 19590
Below 19590 finding a next supprot around 19530

Updated: 08.41 am / 19th Oct 2023