25th Aug 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 19386.70 (-0.3%)

The market failed to hold on to opening gains and ended near the day’s low in a volatile session on August 24
Nifty was opened 19535 and went to 19585 then slipped to 19370
Finally, Nifty ending at 19,386.70, down 57.30 points or 0.29 percent
Sensex falling 180.96 points, or 0.28 percent, to 65,252.34
Sensex shed 661 points from the day’s high of 65,913.77
Nifty50 197.75 points from the high of 19,584.45
Nifty losers included Reliance, Grasim, ONGC, Powergrid and JSW Steel
While gainers were BPCL, Asian Paints, IndusInd Bank, Infosys and Britannia
On the sectoral front, auto, capital goods, PSU Bank, oil & gas, pharma, metal shed 0.3-0.7% each
While the information technology index was up 0.5 percent
Midcap and smallcap indices ended on flat note
Around Rs 11000 crore block deal was done on Aug 24
Antfin likely to sell 3.6% stake in PayTm via block deal today
Aeroflex IPO subscribed 97.11 times on final day
FIIs net bought 1525 crore while DIIS net bought 5795 crore on Aug 24
Reliance Retail launches new fashion retail format Yousta opens first store in Hyderabad
All product will be priced below Rs 999 in Retail store
US markets ends with sharp cuts on Thursday
Dow down 1.08%, Nasdaq slipped to 1.87% and S&P500 fell 1.35%
US VIX gained 7.5% to 17.20
NVIDIYA shars hit all time high on strong growth
US 10-year yield at 4.25%
Crude edges lower on weak global demand & Around $84/bbl
Gold prices sustained $1920/oz
Dollar index shot up 0.85% to 103.85
Asian markets lower in early trade

GiftNifty indicates a negative opening for the index
However, Nifty is facing a intraday resistance 19425 and 19450
If stays above 19450 will try to move 19500
But….. Stay caution at higher levels!!

On flip side, Nifty can be considered as supports as 19350 and 19325
Below 19325 finding a next support around 19250-19270
Below……. 19250…. Expecting more pain

Updated: 08.40 am / 25th Aug 2023