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

Nifty last close: 18203.40 (+0.4%)

Volatility ruled the Indian market driving it down 0.5 percent in the week ended May 19
Sensex fell 298.22 points or 0.48 percent to end the week at 61,729.68
Nifty50 shed 111.4 points or 0.60 percent to close at 18,203.40
Sensex and the Nifty added 1 percent and 0.77% each so far this month
For the week, the BSE Mid-cap index ended on flat note, the Small-cap index rose 0.4%
While the Large-cap index declined 0.6 percent
Pharma index fell 3%, the Media index down 2%, and the Oil & Gas index down 1.8%
Realty and the Information Technology indices gained 1% each
The lower levels of India’s VIX reflect market stability
FIIs bought equities worth Rs 4098.2 crore this week
DIIs sold equities worth Rs 677.45 crore
However, in the month till now, FIIs purchased equities worth Rs 17,376.31 crore
While DIIs sold equities worth Rs 4,674.68 crore
US markets ends with minor cuts on Friday, Frontline indices fall up to 0.3%
Last week Nasdaq gained 3% and S&P500 rallied 1.7%
US Prez and Speaker to meet today for debt ceilling negotiations
US 10-year rises to 3.65%
Crude higher on supply cuts from Canada & OPEC producers. Brent at $75/bbl
Gold prices rise above $1980/oz
Asian markets higher in early trade

SGXNifty indicates a marginally negative for the the index
This week Nifty trend decider 18000 and 18450
Today Nifty is facing a intraday resistance 18230, 18250 and 18290
Above 18290 will move to 18350

On flip side, Nifty can be considered as supports as 18175, 18155 and 18110

Updated: 08.37 am / 22nd May 2023