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

Nifty last close: 16988.40 (-0.7%)

On Monday, Nifty was seen huge selling pressure in the first half fell more than 250 points
Nifty was recovered almost 170 points in the second half
Finally, Sensex closed points, or 0.62 percent, lower at 57,628.95
Nifty was down 111.60 points, or 0.65 percent, at 16,988.40
All sectoral indices ended in the red
Realty, capital goods, IT, metal and PSU bank were down 1-2%
Midcap and smallcap indices shed 1 percent each
VIX ended around 16.20O
NPAs of public sector banks decline to 5.53% in Dec 2022-Finance Ministry
Bad loans of state run declined from a peak of 14.6% in March 2018 to 5.53% in Dec 2022
FIIs net sold 2545 crore while DIIs net bought 2876 crore on March 20
GDP to grow at 7% and Inflation set to moderate : Finmin Report
Gold drops from one year peak
Spot gold dipped 0.8% to $1972/oz after hitting $2000/oz
US markets ends with gains on Monday
Frontline indices rise up 1% to 1.3%
US VIX down 5% to 24.13
First Repulic bank continues with the sell-off and slides 47% during the day
US 10-year yield rises to 3.49% ahead of 2-day FOMC meet start today
Bitcoin tops to $28000 for the first time in 9 months on bank crisis
Crude rebounds after break below $70/bbl
Asian markets higher in early trade
Hangseng rises 0.7% and Kospi up 0.5%

SGXNifty indicates a gap up opening for the index
Today Nifty is facing a intraday resistance 17030, 17055 and 17120
Once if breaks and manages above 17120 will try to move 17200

On flip side, Nifty can be considered as supports as 16950, 16920 and 16850
Below 16850…. expecting more pain

Updated: 08.47 am / 21st March 2023