31st May 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 18633.85 (+0.2%)

The Indian benchmark indices ended higher for the fourth consecutive session on May 30
Nifty was opened 18600 and went to 18660 then ended 18633
Sensex rising 122.75 points or 0.20 percent to close at 62,969.13
Nifty up 35.10 points or 0.19percent to end at 18,633.80
Midcap and smallcap indices ended with marginal gains
VIX sustained around 12
VEDL promoter creates pledge on 4.4% equity
In favour of Glencore International on May 25 to borrow $250 million
FIIs net bought 2085 crore while DIIs net sold 438 crore on May 30
VEDL-Foxconn bid for India chip funding is set to be rejected
US futures lower await Debt ceiling deal progress in Washington
US markets ended mixed on Tuesday
Dow down 0.15%, Nasdaq gained 0.3% and S&P500 ended flat note
Nvidia briefly breaks above $1 Tn market-cap
Dollar index sustained around 104
Gold rose 0.8% to $1959/oz
Oil prices fell more than 4% on Tuesday on concerns about US congress will pass the Debt ceiling
WTI was down $4.5% to $69.50/bbl
Brent Crude settled to $73.5/bbl
US 10-year yield falls to 3.65%
Asian markets lower in early trade
Hangseng down 2%, Nikkei down over 1%

SGXNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 18640 and 18660
Above 18660 will try to move 16885

On flip side, Nifty considering a supports 18620, 18600 and 18580
Below 18580 finding a next support around 18520

Updated: 08.42 am / 31st May 2023