29th Jan 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 21352.60 (-0.47%)

The market witnessed continued profit booking in the second consecutive week ended January 25
For weekly basis, Nifty50 finished at 21,352.6, falling 219.2 points or 1 percent
Sensex declined 1 percent or 722.98 points to end at 70,700.67
Midcap, Smallcap and Largecap indices fell 1.6 percent, 0.5 percent, and 0.9 percent
Media index shed 10 percent, the Nifty Realty index was down 4.5 percent
Nifty Bank index fell 2.6 percent and the Nifty PSU Bank index was down 2 percent
On the other hand, the Nifty Pharma index gained 1.7 percent
During the week, Foreign institutional investors (FIIs) sold equities worth Rs 12,194.38 crore
Domestic institutional investors (DIIs) provided some support as they bought equities worth Rs 9,701.96 crore
In January so far, the FIIs sold equities worth Rs 35,778.08 crore
DIIs purchased equities worth Rs 19,976.66 crore
RBI allows LIC to acquire up to 9.99% stake in HDFC Bank
LIC owns a 5.19 percent stake in the bank, according to the lender’s shareholding pattern as of December 31
US markets ended mixed on last Friday
Dow ganed 0.16%, Nasdaq declined 0.36% and S&P500 ended flat note
US 10-year yield sustained around 4.14%
Apple, Meta,Alphabet and Microsoft will be declaring their earnings report in this week
The dollar index, which measures the U.S. currency against six rivals, inched 0.01% higher to 103.55
Brent crude futures climbed 83 cents to $84.38 a barrel

GiftNifty indicates a positive opening for the index
Nifty this week trend decider 21500 and 21100
Today Nifty is facing a intraday resistance 21400 and 21440
If stays above 21440 will try to check 21500

On flip side, Nifty considering a supports 21320 and 21280
Below 21280 finding a next support around 21240

Updated: 08.50 am / 29th Jan 2024