24th May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22967.65 (+1.65%)

Bulls were back in action on Dalal Street with benchmark indices hitting fresh record highs
Nifty closing shy of the coveted 23,000
Nifty was up 369.90 points or 1.64 percent at 22,967.70
Sensex was up 1,196.98 points or 1.61 percent at 75,418.04
Biggest Nifty gainers included Adani Enterprises, Adani Ports, Axis Bank, L&T, M&M
while those on the losing side were Sun Pharma, Power Grid Corp, Hindalco, Coal India
Nifty Midcap 100 index also touched fresh high of 52,452.65
Midcap index up 0.5 percent and Smallcap index up 0.3 percent
Except metal and pharma, all other sectoral indices ended in the green
Auto, bank and capital goods up 2 percent each
ITC inline Board recommends final dividend of ?7.50/sh for FY24
Foreign institutional investors turned buyers on May 23 as they bought Indian equities worth Rs 4,670.95 crore
while domestic institutional investors bought Rs 146.51 crore worth of equities during the same period
US markets ended sharply lower on May 23
Dow down 1.54%, Nasdaq slipped to 0.39% and S&P500 declined 0.75%
US VIX up 4% to 12.77
NVidia up more than 9% following strong earnings report
Boeing tumbles nearly 9%
US weekly jobless claims for the week at 2.15 lk down 8000 vs last week
US 10-year yield rises above 4.45%
Oil prices multi month low around $82/bbl
Gold prices slip to one week low at $2330/oz
Japan inflation slowed to 2.5%, down from March’s 2.7% figure
Asian markets were set to lower opening
Nikkei and Kospi down nearly 1%

GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 23000 and 23050
If stays above 23050 will try to move 23150

On flip side, Nifty can be considered as supports as 22900 and 22850
Below 22850 finding a next support around 22750

Updated: 08.43 am / 24th May 2024