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

Nifty last close: 16985.70 (+0.2%)

Indian equity indices snapped a two-day losing streak to end higher in a volatile trade on March 27
Nifty was opened 16980 and travelled 16930 to 17090 in a whole day
Sensex closing 126.76 points, or 0.22 percent, higher at 57,653.86
Nifty gaining 40.70 points, or 0.24 percent, at 16,985.70
Among sectors, auto, capital goods, power and realty were down 0.5-2%
Midcap index shed 0.4 percent and the smallcap index was down 1.5 percent
VIX sustained around 15.30
FIIs net sold 890 crore while DIIs net bought 1808 crore on March 27
Dollar index rose to a five-day high and ended 102.90
US future marginal higher following a mixed close for the cash market
Dow ended 0.60 higher, S&P500 ended flat and Nasdaq declined 0.47%
Regional banks outperform after First Citizens offers to buy SVB
Lyft shares jumps more than 4% after company announced new CEO
US 10-year yield rises to 3.55%
Crude surges overnight, brent near $78/bbl after Iran halts some of its crude exports
Asian markets were set to higher opening
Hangseng up 0.4% and Nikkei flat note

SGXNifty indicates a positive opening for the index
Likely to witness highly volatile will be expected during the day
As per open interest, 17000CE and PE was seen high OI and followed by 17100CE and 17200CE

However, Nifty is facing a intraday resistance 17015 and 17035
If stays above 17035 will try to move 17080-17100

On other side, Nifty can be considered as supports as 16950, 16920 and 16890
Below 16890 finding a next support around 16830

Updated: 08.49 am / 28th March 2023