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

Nifty last close: 18285.40 (-0.3%)

The Indian equity market snapped a 3-day winning streak
Ended lower in yet another volatile session on May 24
Nifty was opened 18300 and went to 18392 then slipped to 18263
Nifty was down 62.60 points or 0.34% at 18,285.40
Sensex was down 208.01 points or 0.34% at 61,773.78
Adanient, AdaniPorts HDFC Bank, and ICICIBank were among the biggest losers on the Nifty
However, gainers included SunPharma, Drreddy, ITC, IndusIndBank, and HeroMotoCorp
Metal index shed 1 percent, Bank down 0.5 percent
Pharma index added 1 percent and power index up 0.6 percent
Midcap and smallcap indices ended on a flat note
Pausing interest rate hikes is not in my hands, driven by the on-ground situation: RBI Governor
FIIs net bought 1185 crore while DIIs net bought 300 crore on May 24
BSE & NSE put Adanient under short term ASM (Additional Surveillance Measure)
US future lower after Fitch rating places to AAA on negative watch
US markets ends cuts on Wednesday
Dow down 0.77%, Nasdaq declined 0.6% and S&P500 fell 0.75%
Dow posts losses for 4th straight session
USVIX was up 8% to 20
FOMC meet minutes shows for more rate hikes
US 10year yield rises to 3.75%
Brent crude above $78/bbl
Gold prices edge lower to $1960/oz
Europe markets ended deep cut after the inflation
UK inflation came around 8.7% expectation of 8.5%
Asian markets largely lower in early trade
Hangseng slips 1.5% and Nikkei almost flat note

SGXNifty indicates a weak opening for the index
As per open interest 18300CE, 18400CE was seen huge OI
Also 18300PE and 18200PE seen highest OI
However, Nifty is facing a intraday resistance 18310, 18330 and 18380
Stay caution at higher levels

On flip side, Nifty can be considered as supports as 18260, 18240 and 18200
Below 18200 finding a next support around 18150

Updated: 08.39 am / 25th May 2023