21st Oct 2024 #Nifty Intraday Levels and Pre-Market Report

Nifty last close: 24854.05 (+0.42%)

Market extended the losing streak in the third consecutive week ended October 18
Amid high volatility led by muted Q2 earnings expectations
Continues FII outflows and ongoing Middle East tensions
On weekly basis, Sensex was down 156.61 points or 0.19 percent to end at 81,224.75
Nifty50 index shed 110.25 points or 0.44 percent to finish at 24,854
Mid-cap Index shed 1 percent. The BSE Large-cap Index slipped 0.7 percent
Small-cap index ended flat
On the sectoral front, Nifty Auto index slipped nearly 5%, Nifty Metal index fell nearly 2%
Nifty Media, FMCG and Oil & Gas index shed 1.5 percent each
On the other hand, Nifty Bank index up nearly 2%, Nifty PSU Bank index added 1%
Nifty Realty index gained 0.6 percent
FIIs extended their selling as they sold equities worth Rs 21,823.34 crore
DII as they bought equities worth Rs 16,384 crore
In the month till now, the FIIs sold equities worth Rs 80,217.90 crore
while DIIs purchased equities worth Rs 74,176.20 crore
Hdfcbank has announced earnings report on Saturday & Beat expectations
Kotakbank has announced the weak earnings report on Saturday
The Dow Jones Industrial Average and S&P 500 chalked up record closing highs on Friday
On Friday, the S&P 500 rose 23.20 points, or 0.40%
Nasdaq Composite advanced 115.94 points, or 0.63%
The Dow Jones Industrial Average gained 36.86 points, or 0.09%
The US 10-year Treasury yield was up 14 bps at 4.08 percent
Netflix +11%after the streaming giant beat Wall Street’s earnings estimates
The dollar index were trading with modest gain at around 103.50 in the early trade on Monday
Brent Crude -7% last week at 73$/barrel
Gold at $2720/oz
Asian markets were set to marginal higher on Monday early trade
Nikkei up 0.3% and Hangseng down 0.5%

GiftNifty indicates a positive opening for the day
Nifty weekly trend decider 25050 and 24700
Today Nifty is facing a intraday resistance 24885 and 24930
Above 24930 will try to move 25000

Today Nifty can be considered as supports as 24820 and 24775
Below 24775 finding a next support around 24725

Updated: 08.49 am / 21st Oct 2024