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

Nifty last close: 17100.05 (0.7%)

It was yet another volatile week for the Indian market
On weekly basis, Sensex lost 1,145.23 points, or 1.93 percent, to end at 57,989.90
Nifty50 shed 312.9 points, or 1.79 percent, to close at 17,100
Smallcap, midcap and largecap indices fell 2.8%, 2%, and 1.6%, respectively
PSU index fell 4.5 percent, the auto index 4 percent
FII turned net sellers this week, selling equities worth Rs 7,953.66 crore
While DIIs bought equities worth Rs 9,233.05 crore
FIIs and DIIs have, so far, bought shares worth Rs 6,408.19 crore and Rs 16,162.40 crore this month
US Future marginally higher a following a close in the red for cash market
Dow Future rise around 100 points after UBS announce to buy Credit Suisse
US markets ends with cuts on Friday
Frontline indices down around 1% to 2%
UBS to buy CS for $3.3Bn with the combined bank to have $5 Tln in assets
The US Fed with other central banks announced a join liquidity operation
First Republic bank 72% lower for the week
US 10-year yield slips to 3.48%
Crude dips to 15 months lowes on Friday
Brent crude at $73/bbl
Gold prices surge above $1970/oz hit highest level since April 2022
Asian markets largely lower in early trade
Hangseng slips 1.6% and Nikkei down 0.7%

This week Nifty weekly levels 16850 and 17225
Today Nifty is facing a intraday resistance 17135, 17160 and 17200
Stay caution at higher levels!!

On other side, Nifty can be considered as supports as 17060, 17030 and 16990
Below 16990 finding a next support around 16900-16850

Updated: 08.50 am / 20th March 2023