24th Aug 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 19444 (+0.2%)

After a subdued previous session, the equity indices posted smart gains on August 23
Nifty around 19,450 supported by metal, bank, capital goods and realty stocks
Nifty was opened 19440 and fell to 19366 then spiked to 19470
Finally Nifty was up 47.50 points or 0.24 percent at 19,444
Sensex was up 213.27 points or 0.33 percent at 65,433.30
Hindalco, Axis Bank, ICICI Bank, SBI and L&T were among the top gainers on the Nifty
While losers were Adani Enterprises, Adani Ports, Sun Pharma, Bharti Airtel and Tata Motors
Mixed trends were seen on the sectoral front, with bank, metal, capital goods and realty up 0.4-1%
While power, FMCG, and oil & gas down 0.3-1%
Midcap index rose 0.4 percent and smallcap index added 0.6 percent each
Adani group shares lose about Rs 5 lakh crore market cap
FIIs net bought 614 crore while DIIS net bought 125 crore on Aug 23
US markets ends with gains on Wednesday
Dow ended higher 0.55%, S&P500 rallied 1.1% and Nasdaq rallied 1.60%
VIX fell 6% to 15.98
Nvidia reports earnings above estimate rises nearly 7% in after hours
Record revenue of $13.5 billion, up 101% YoY
Announced a massive $25 billion stock buyback
Sees Q3 revenue of $16 billion, 28% above expectations
Beat all headline expectations AND raised guidance
US 10-year yield slides to 4.19% ahead of Powell’s speech Jackson Hole
Crude slides on demand woes from US gasoline
Brent crude $83/bbl
Gold prices climb above $1920/oz
Dollar index sustained around 103.34
Asian markets higher in early trade
Hangseng rises above 1% and Nikkei up 0.5%

GiftNifty indicates a positive opening for the index
However, Nifty is facing a intraday resistance 19460, 19480 and 19510
If stays above 19510 finding a next resistance around 19550

On flip side, Nifty can be considered as supports as 19425 and 19400
Below 19400 finding a next support around 19360

Updated: 08.53 am / 24th Aug 2023