20th April 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 17618.75 (-0.2%)

Indian equity benchmarks ended lower for the third straight day on April 19
Nifty was opened 17650 and fell to 17580 then ended 17620
Sensex was down 159.21 points, or 0.27%, at 59,567.80
Nifty was down 41.40 points, or 0.23%, at 17,618.80
Midcap and smallcap indices ended flat
IT and power indices lost a percent each
Buying was seen in metal, oil & gas and pharma names
NSE IFSC connect to kick off on July 3 and SGXNifty to be delisted
FIIs net sold 13 and DIIs net sold 110 crore
Gold slides below $2000/oz from $2008.50/oz
Dollar index traded around 101.60
Brent crude settled atound $83/bbl
US future marginally lower following a mixed close for the cash market
US markets ends near flat. Dow slips 0.2% and Nasdaq flat note
Tesla slips nearly 4% after company reported a profit decline of more than 20% YoY
IBM rises more than 2% following decent result
Western Alliance Bancorp up 24% as Bank said deposits grew by $2B in April
US 10-year rises to 3.6
Asian markets mixed in early trade

SGXNifty indicates a higher opening for the index
Nifty 17700CE was seen high OI which is strong resistance zone
However, Nifty is facing a intraday resistance 17640, 17660 and 17710
Above 2nd and 3rd resistance are strong zone

On other side, Nifty can be considered as supports as 17600 and 17575
Below 17575 will try to check 17530

Updated: 08.40 am / 20th April 2023