22nd April 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22147 (+0.69%)

In yet another truncated week, market snapped a four-week gaining streak
However, smart recovery on the final day of the week helped Nifty to close above 22,100
On last week, Nifty50 index shed 372.4 points or 1.65 percent to end at 22,147
Sensex fell 1,156.57 points or 1.55 percent to close at 73,088.33
All the sectoral indices ended in the red
Information Technology index shed 4.7 percent, Nifty PSU Bank fell 3.7 percent
Nifty Realty Index shed 2.7 percent, and Nifty Pharma index shed 2 percent
Mid-cap Index slipped 2.2 percent & Large-cap Index declined 1.7 percent. Small-cap index fell 1 percent
The Indian rupee touched record low 83.57
FIIs sold equities worth of Rs 11,867.03 crore
DII bought equities worth Rs 9036.33 crore during the week
However, in the month till now FIIs sold equities worth Rs 22,229.49 crore
while DIIs compensated by purchasing equities worth Rs 21,268.96 crore
FY24 net direct tax collections exceed budget estimation by 7.4%
HDFC Bank Q4 net profit rises to Rs 16,511 crore, NII at Rs 29,007 crore
India’s forex kitty drops $5.40 billion to $643.16 billion
US markets ended mixed on last Friday
Dow gained 0.56%, Nasdaq slipped to 2% and S&P500 fell 0.88%
US VIX up 4% to 18.7
S&P500 and Nasdaq fell 6-day losing strea on Friday
Nasdaq fell almost 5.5% in last week
NVidia cracked more than 10% and near 2-month low
Tesla, Meta, Microsoft and Alphabet earnings are in focus this week
US 10year yield hold around 4.6%
Crude sustains around $87/bbl
Gold prices fall below $2375/oz
Asian markets open in the green note
Hangseng and Kospi up 1% to 2%

GiftNifty indicates a positive opening for the index
Nifty weekly trend decider 21700 and 22430
Today Nifty is facing a intraday resistance 22180 and 22220
If stays above 22220 will try to move 22260 and 22330

On flip side, Nifty can be considered as supports as 22120 and 22080
Below 22080 finding a next support around 22030 and 21950

Updated: 08.42 am / 22nd April 2024