27th March 2023 #Nifty Intraday Levels and Pre-Market Reports
Nifty last close: 16945.05 (-0.8%)
Nifty was seen huge selling pressure in the last one hour on Friday
On weekly basis, Nifty50 declined 0.91 percent to 16,945
Sensex dropped 0.8 percent to close at 57,527
Lowest closing level on weekly basis since July last year
Technology, auto, metal and realty stocks corrected the most among sectors
Whereas FMCG and pharma outperformed
VIX sustained around 14.80
FIIs have net sold Rs 6,654 crore worth shares in passing week
DIIs have poured in Rs 9,430 crore funds
Nifty Midcap 100 index was down 1.75% and Smallcap 100 index slipped 1.88% during the week
STT on sale of options to be hiked by 25%
India’s forex kitty jumps by $12.8 billion to $572.80 billion
NSE to roll back 6% transaction charges on equity and F&O trading from April 1
Oil price climb in relief rally as banking concerns ease
US futures higher after cash market ends in the green on Friday
All frontline indices up around 1% last week
Gold prices near $1970/oz
Brent Crude near $75/bbl
This week trend decider 16830 and 17220
Today Nifty is facing a intraday resistance 17000 and 17050
If stays above 17050 will try to move 17120
On other side, Nifty can be considered as supports as 16910 and 16870
Below 16870 finding a next support around 16820
Updated: 08.50 am / 27th March 2023
27th March 2023 #Banknifty Intraday Levels
Today Banknifty supports and resistance levels will be sent to my clients as well as Free Telegram channel https://t.me/FlyingcallsArjun
Updated: 08.42 am / 27th March 2023
24th March 2023 #Nifty Intraday Levels and Pre-Market Reports
Nifty last close: 17076.90 (-0.4%)
The Indian equity benchmark snapped a two-day winning streak to end lower on March 23
Nifty was opened 17100 then fell to 17050 again spiked to 17200 again dropped to 17040
In the last 1 hour Nifty was slipped almost 100 points
Sensex was down 289.31 points, or 0.50 percent, at 57,925.28
Nifty was down 75 points, or 0.44 percent, at 17,076.90
Midcap index shed 0.4 percent, while the smallcap index ended flat
Realty, bank, information technology and PSU bank were down 0.5-1 percent
While buying was seen in metal, FMCG and power names
VIX sustained around 14.50 to 15
FIIs net sld 995 crore while DIIs net bought 1668 crore on March 23
Vedanta board meeting on March 28 to consider fifth interim dividend
Japan inflation slows to 3.1% in Feb
Accenture forecasts Q3 revenue below estimates at above $16.7 billion
US future flat following a close in the green for cash market
US market ends with gains on Thursday, Frontline indices rise up to 1%
US 10-year yield slips further to 3.38%
Crude slips to $75/bbl
Gold prices above $1992/oz
Dollar index sustained around 102.50
Asian markets marginally negative opening
Nikkei down 0.5% and Hangseng down 0.7%
SGXNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 17100 and 17125
If breaks and manages above 17125 will try to move 17165-17200
On flip side, Nifty can be considered as supports as 17045, 17020 and 16980
Below 16980 finding a next support around 16900
Updated: 08.46 am / 24th March 2023
24th March 2023 #Banknifty Intraday Levels and Pre-Market Reports
Banknifty Last Close: 39616.90 (-1%)
What a Terrific Thursday
Banknifty was seen very good in the noon, in the last 1 hour completely collapsed
Banknifty was opened 39850 then went to 40200. After 2 pm slipped to 39550
PSUBank index fell around 1%
Private banks was seen selling pressure
VIX sustained around 14.50-15
Today Banknifty is facing a intraday resistance 39730, 39800 and 40000
If stays above 40000 will try to move 40200 which was yesterday’s high
But, Stay caution at higher levels!!
On other side, Banknifty can be considered as supports as 39500 and 39400
Below 39400 finding a next support around 39230
Updated: 08.36 am / 24th March 2023
23rd March 2023 #Nifty Intraday Levels and Pre-Market Reports
Nifty last close: 17151.90 (+0.3%)
Indian equity indices ended higher for the second consecutive session
Nifty was opened 17170 and was seen very range in the 50 points only
Sensex was up 139.91 points or 0.24 percent at 58,214.59
Nifty was up 44.40 points or 0.26 percent at 17,151.90
On the sectoral front, the pharma added 1% and the PSU Bank index was up 0.8%
Midcap index ended on a flat note, while smallcap index rose 0.5%
FIIs net bought 62 crore while DIIs net bought 383 crore
U.S. FED INTREST RATE DECISION ACTUAL: 5.00% VS 4.75% PREVIOUS; EST 5.00%
FED: WE WILL KEEP REDUCING THE BALANCE SHEET AS PLANNED
FED’S MEDIAN VIEW OF FED FUNDS RATE AT END-2024 4.3% (PREV 4.1%)
EURO RISES AGAINST DOLLAR AFTER FED RATE DECISION, LAST UP 0.66% AT 1.084
FED’S MEDIAN VIEW OF FED FUNDS RATE AT END-2025 3.1% (PREV 3.1%)
FED POLICYMAKERS: SLOWER GDP GROWTH IN 2023, LOWER UNEMPLOYMENT
US Future higher following a 25 bps rate hike by Fed
US markets ends fall on Wednesday
Frontline indices fell 1.5%
Sharp fall regional bank stocks & Treasury Secy comments weighted on market
US not currently working on Blanket Insurance for bank deposits
US 10-year yield slips to 3.47%
Crude rises 2% to post a one week high on Fed meet outcome
Gold prices above $1970/oz
Hindenburg tweets “Another Big One”
Asian markets lower in early trade
SGXNifty indicates a negative opening for the index
Likely to witness volatile will be expected during the day
However, Nifty is facing a intraday resistance 17170, 17185 and 17225
If stays above 17225…. expecting more rally
On other side, Nifty can be considered as supports as 17130, 17115 and 17090
Below 17090 will try to check 17030
Updated:08.48 am / 23rd March 2023
23rd March 2023 #Banknifty Intraday Levels and Pre-Market Reports
Banknifty last close: 39999.95 (+0.3%)
On Wednesday, Banknifty was seen very range and positive bias
Banknifty was opeend 40000 and travelled 40080 to 39950 in the whole day
Finally Bank index ended 0.3% higher
PSUBank index gained around 1%
VIX fell marginally 5% to 14.80
Option premium sustained due to Fed event
Banknifty is facing a intraday resistance 40050, 40130 and 40300
Above resistance are crucial for today’s trade!!
On other side, Banknifty considering a supports 39950, 39860 and 39720
Below 39720 finding a next support around 39500
Updated: 08.36 am / 23rd March 2023
22nd March 2023 #Nifty Intraday Levels and Pre-Market Levels
Nifty last close: 17107.50 (+0.7%)
Nifty was seen relif rally on 22 March
Nifty was opened 17060 and fell to 17016 then spiked to 17127
Sensex was up 445.73 points or 0.77 percent at 58,074.68
Nifty was up 119.10 points or 0.70 percent at 17,107.50
Bank and capital goods were up 1 percent each
Information technology and FMCG lost 0.5 percent each
Midcap index rose 0.66 percent and smallcap index added 0.5 percent
Reliance, Hdfcbank, Icicibank and Bajajfinance lift the index
VIX was down 5% to 15
Inflation expected to range between 5% to 5.6% in FY 2024 : RBI
FIIs net sold 1454 crore while DIIS net bought 1946 crore
US future flat showing a close in the green for cash market
US markets ends with gains on Tuesday
Frontline indices rise up to 1.5% to 2%
First Repubilc bank slips 14%
GameStop surges 50% and company posted 1st Qtr profit in 2years
US 10-year yield rises to 3.59% ahead of FOMC minutes
Dollar index edges lower against a basket of currencies
Crdit Suisse shares ends 7% higher while UBS ends with of 12% higher
Crude higher after hitting 15-month low
Brent crude nearly $75/bbl
Gold prices fall below $1950/oz
Asian markets higher in early trade
Hangseng rises more than 2% and Nikkei up 2%
SGXNifty indicates a positive opening for the index
Nifty is facing a intraday 17130, 17150 and 17180
If breaks and manages above 17180 will try to check 17230
On flip side, Nifty can be considered as supports as 17075, 17040 and 16980
Below 16980… expecting more pain
Updated: 08.50 am / 22nd March 2023