28th Feb 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 17392.70 (-0.4%)

Profit booking continued on Dalal Street for the seventh straight day on February 27
Nifty was opened 17430 then fell to 17300 again bounced to 17400
Yesterday Nifty swing was seen around 550-600 points
Sensex was down 175.58 points, or 0.30 percent, at 59,288.35
Nifty was down 73.10 points, or 0.42 percent, at 17,392.70
Nifty Bank and PSU Bank were up 1 percent and 0.7 percent
Midcap index ended 0.6 percent lower, while the smallcap index was down a percent
Except bank, up 1%, and realty, up 2%, all sectoral indices ended lower
VIX ended around 13.80
Hdfc twins, Icicibank, Kotakbank and Sbin helped to lift the index
Adanient, Reliance, Tcs and Infy drag the index
FIIs net sold 2022 crore while DIIs net bought 2231 crore
Gold touches two-month low as rate expectations dull outlook
BOB to be included in MSCI standard index from today
Biocon to be excluded from MSCI India standard index from today
NSE withdrawa earlier order, ZEEL f&o contracts available from today
Spot gold was steady at $1811/oz
Bank credit growth eases to 16.8% in December quarter : RBI says
US markets slight gain on Monday
Dow Jones rose 0.22%, Nasdaq added 0.64% and S&P500 gained 0.3%
Tesla jumps 5.5% on strong production report
Zoom rises 7.2% on strong earnings report
US 10-year yield ended around 3.90
Crude prices dip to $82/bbl
Dollar index sustained around 104-105
Asian markets open higher, Hangseng up 1.2% and Shanghai up 0.4%

SGXNifty indicates a flat opening for the index
As per open interest 17500CE, 17600CE was seen high OI 17400PE seen marginally high OI
However, Nifty is facing a intraday resistance 17420, 17440 and 17480
If breaks and holds above 17480 will try to check 17550

On other side, Nifty can be considered as supports as 17360, 17340 and 17300
Below 17300…… Expecting more pain

Updated: 08.46 am / 28th Feb 2023