21st Feb 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 17844.60 (-0.6%)

On Monday, Nifty was seen selling pressure and ended 0.6% down
Nifty was opened 17965 and went to 18000 then slipped to 17818
Finally Nifty50 was declined 100 points to 17845
Sensex was dropped 311 to 60692
Frontline stocks was not good like Reliance, Hdfcbank, Icicibank and Hdfc
VIX ended around 13.40
Option premium was seen marginally lower due to low VIX
FIIs net sold 158 crore while DIIs net bought 87 crore
Bank of Korea hold rates despite still high inflation and maintained 3.5%
El Nino could drag rural recovery : Nuvama
In India, the last El Nino event of 2018 coincided with below normal rainfall
US fututres lower trade after the cash market shut on Monday
Crude rises over continued production curbs
Brent crude near $84/bbl
Gold prices hover near $1840/oz
Dollar index nearby 104
Asian markets lower in early trade
Hangseng down 0.5% and Nikkei down 0.2%
SGXNifty indicates a flat opening for the day

CE side open interest increased like 17900ce, 18000CE
PE side not seen any significant OI
However, Nifty 17800 is the magic figure and Note it

Today Nifty is facing a intraday resistance 17870 and 17900
If stays above 17900 will try to move 17950… But stay caution at higher levels

On other side, Nifty can be considered as supports as 17830 and 17800
Below 17800 finding a next support around 17740

Updated: 08.31 am / 21st Feb 2023