22nd Feb 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 17826.70 (-0.1%)

The equity benchmark ended flat in a volatile session on February 21
Nifty was opened 17900 then fell to 17840 again shot up to 17925
Once again fell to 17800 finally ended at 17827
Sensex closing 18.82 points, or 0.03 percent, lower at 60,672.72
Nifty down 17.90 points, or 0.10 percent, at 17,826.70
PSU Bank index was down nearly 2 percent
IT, metal, pharma and auto indices lost 0.2-0.88 percent
Midcap and the smallcap ended with marginal losses
Realty index shed 1 percent and oil & gas fell 0.5%
NSE extends trading hours for interest rate derivatives to 5pm
Indian economy is likely to grow at 5.9% in FY 24 says Ind-Ratings Research
RBI estimate of GDP 6.4%
FIIS net bought 525 crore while DIIs net sold 235 crore
Idea are under F&O ban for 22nd Feb
US future higher following a sell-off in the cash market on Tuesday
US markets deep cut and frontline indices decline up to 2.5%
Dow slips nearly 700 and Nasdaq index declined 2.5% (295 points)
S&P 500 fell 2% to 81 points
Dow index ended 33129 level
US 10-year yield hits highest level since Nov on rate hike fears, Ahead FOMC minutes
European markets close lower on Tuesday
Crude declines over concerns about global economic growth
Brent crude at $83/bbl
Asian markets largely lower in early trade
Nikkei falls to 1.5% and Kospi down 1.4%

SGXNifty indicates a gap down opening for the index
Likely to witness highly volatile will be expected during the day
However, Nifty is facing a intraday resistance 17850, 17870 and 17900
If stays above 17900 finding a next resistance 17950
Stay caution at higher levels and every rise can sell

On other side, Nifty can be considered as supports as 17800 and 17780
Below 17780, finding a next support around 17710-17690

Updated: 08.37 am / 22nd Feb 2023