23rd May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22597.80 (+0.32%)

The Indian benchmark indices ended on positive note on May 22
Nifty was seen little bit volatile and sustains around 22600
Finally, Nifty was up 68.80 points or 0.31 percent at 22,597.80
Sensex was up 267.75 points or 0.36 percent at 74,221.06
Cipla, HUL, Tata Consumer, HUL, Coal India and Britannia were among the major gainers on the Nifty
while losers included SBI, Hindalco, Shriram Finance, Hero MotoCorp and Apollo Hospitals
On the sectoral front, realty and FMCG gained one percent each, and capital goods, IT and Media were up 0.5 percent each
On the other hand, bank index was down 0.5 percent and meal index shed 0.4 percent each
Midcap index ended on a flat note and smallcap index was up 0.2 percent
RBI announces record dividend of Rs 2.11 Lakh Crore To Government
US markets ended red note on May 22
Dow declined 0.5%, Nasdaq down 0.18% and S&P500 fell 0.27%
(SUMMARY OF FED MEETING MINUTES (5/22/24)
Various offices mention raising rates if inflation warrants it
Fed officials note “disappointing” inflation data in Q1 2024
Officials discussed holding rates higher for longer
Some officials worry that financial conditions are not sufficiently restrictive
Some officials think long run rates need to be higher
Many officials commented on uncertainty about degree of policy restrictiveness
Higher for longer is here to stay)
Nvidia surges 6% in pre-market trades after the strong Q1 results
Nvidia announced stock split 10 for 1
US 10-year yield sustained 4.42%
Oil prices fall for 3rd consecutive day and Brent below $82/bbl
Gold prices fall to $2370/oz
Asian markets were set mixed opening in the early morning
Nikkei up 0.77% and Hangseng down 1.30%

GiftNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 22610 and 22630
If stays above 22630 will try to move 22680

On flip side, Nifty considering a supports 22575 and 22550
Below 22550 finding a next supports around 22500

Updated: 08.58 am / 23rd May 2024

21st May 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22466.10 (+0.28%)

On May 18, in the special trading session, the domestic markets extended in the green for the third straight session
Sensex and Nifty closing with 0.1 percent gains
Broader markets, meanwhile, outperformed benchmark indices
On weekly basis, Nifty & Sensex rallied around 1.85%
All index rallied on last week except FMCG
India VIX sustained above 20
US markets ended mixed on Monday
Dow lost 0.49%, Nasdaq rallied 0.65% and S&P500 flat note
NVidia will be release their earnings report on Wednesday
US 10-year yield above 4.5%
Crude fall below $84/bbl
Gold rises to all time high above $2415/oz
Silver also jumps above 100/gm
Dollar index below 105 mark
Asian markets were set to mixed in early trade
Nikkei up 0.15% and Hangseng down 2%

GiftNifty indicates positive opening for the index
Nifty this week trend decider 22600 and 22300
Today Nifty is facing a intraday resistance 22540 and 22600
If stays above 22600 will try to move 22660

On other side, Nifty considering a supports 22460 and 22420
Below 22420 finding a next support around 22360

Updated: 08.36 am / 21st May 2024