23rd May 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 18314.40 (+0.6%)

Bulls have dominated and Indian equity markets rallied 2nd consecutive day
Nifty was opened 18200 and rallied up to 18335
Sensex was up 234 points or 0.38% at 61,963.68
Nifty was up 111 points or 0.61% at 18,314.4
Adanient & Adaniports have contributed around 60 points to lift the index
midcap index added 0.7 percent and the smallcap index 0.4%
BPCL net profit zooms 159% YoY to Rs 6478 crore
FIIs net bought 922 crore while DIIs net bought 605 crore on May 22
NCLT (Natioanal Company Law Tribunal) has ordered to NSE BSE to revies Sony-Zee merger
VEDL declared first interim dividend of Rs 18.50 for FY 2024. Record date of May 30
VEDL already paid interim dividend os Rs 101.50 through FY 2023-2024
US president & Speaker MCCarthy meeting ends with no deal on debt ceilling
US Futures higher following a mixed close for the cash market
Dow declined 0.42%, Nasdaq added 0.5% and S&P500 ended flat note
US VIX ended 17.20
US 10-year yield rises to 3.72%
Crude inches higher on rise in US gasoline futures
Brent crude above $76/bbl
Gold prices fall to $1960/oz as FED Hawkish comments on weigh dollar
Asian markets higher in early morning
Nikkei & Kospi higher 0.5% and Hangseng at flat note

SGXNifty indicates a positive note for the index
Nifty is facing a intraday resistance 18340, 18360 and 18400
If stays above 18400 will try to move 18450

On flip side, Nifty can be considered as supports as 18285, 18265 and 18230
Below 18230 finding a next support around 18170

Updated: 08.26 am / 23rd May 2023