13th March 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22335.70

In yet another volatile session on March 12, the Indian benchmark indices ended on a mixed note
Nifty was opened 22350 went to 22450 then slipped to 22250
Finally, Nifty gained three points or 0.01 percent at 22,335.70
Sensex rising 165.32 points or 0.22 percent at 73,667.96
Top gainers on the Nifty included HDFC Bank, TCS, LTIMindtree, Maruti Suzuki and Infosys
while losers were Adani Enterprises, Cipla, Grasim Industries, Adani Ports and SBI
On the sectoral front, except IT all other indices ended in the red
Realty index down nearly 3.5 percent, PSU Bank and Media indices down two percent each
while capital goods, FMCG, healthcare, metal and power indices fell one percent each
Midcap index was down 1.3 percent and Smallcap index shed two percent
Nifty Smallcap index down 10% from peak; Over 30 stocks see double-digit losses
India’s February CPI inflation at 5.09%, core inflation drops further to 3.3%
India’s January IIP growth at 3.8% versus 4.2% in December
BAT to sell 3.5% ITC stake for Rs 16,775 crore; offers shares at 5% discount
SEBI asks Vedanta India to pay Cairn UK Holdings Rs 77.62 cr for late dividend payout
Foreign institutional investors (FIIs) net bought shares worth Rs 73.12 crore
while domestic institutional investors (DIIs) purchased Rs 2,358.18 crore worth of stocks on March 12
US markets ended higher on March 12
Dow gained 0.61%, Nasdaq rallied 1.54% and S&P500 added 1.12%
US VIX down around 9% to 13.90
US Feb inflation rate 0.4% MoM vs estimate of 0.3%
US 10-year yield slightly higher to 4.15%
Gold falls 1% from record high and ended $2155/oz
Brent futures for May delivery were up 36 cents, or 0.44 percent, at $82.28 a barrel
Asian markets were set to mixed opening in the early session
Nikkei down 0.4% and Hangseng up 0.2%

Today’s Nifty supports, resistance levels and open interest data will be sharing to my free telegram channel

Free telegram channel link is https://t.me/FlyingcallsArjun

Updated: 08.42 am / 13th March 2024

13th March 2024 #Banknifty Intraday Levels

Banknifty last close: 47282.40 (-0.10%)

Today Banknifty is facing a intraday resistance 47400 and 47550
If stays above 47550 will try to move 47800

On other side, Banknifty considering a supports 47150 and 47000
Below 47000 finding a next support around 46800

Updated: 08.25 am / 13th March 2024

11th March 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22493.55

The Indian market had a positive run for the fourth week in a row
With the benchmark indices reaching an all-time high despite high volatility in the week
On weekly basis, Sensex hit a new record high of 74,245.17 and ended 313.24 points or 0.42 percent higher at 74,119.39
The Nifty50 index also reached a new high of 22,525.65 and closed 115.15 points or 0.51 percent higher at 22,493.55
However, the broader indices underperformed, with the small-cap index declining by more than 2 percent
In terms of sectors, the Nifty PSU Bank index rose by 3 percent, the Nifty Pharma index was up by 1.5 percent
while the Nifty Energy and Nifty Bank added 1.4 percent and 1 percent respectively
On the other hand, Nifty Media lost 3.2 percent, Nifty Information Technology index was down by 1.3 percent
Nifty Realty index shed 1 percent
Foreign institutional investors (FIIs) sold equities worth of Rs 10,081.08 crore
On the other hand Domestic institutional investors (DIIs) bought equities worth Rs 10,129.17 crore during the week
US markets ended lower on last Friday
Dow down 0.18%, Nasdaq slipped to 1.16% and S&P500 down 0.65%
US Feb Jobes growth above estimate at 2.75 Lk vs 2.29 Lk (MoM)
Nvidia fell more than 10% from all time high
US 10-year yield softens at 4.06%
US VIX ended around 14.60
Gold prices above $2180/oz
Bitcoin rises to record high over $70,000
Asian markets are were to lower opening
Nikkei down around 2% ahead of GDP data
Hangseng up around 1%

GiftNifty indicates a flat opening for the index
Nifty this week trend decider 22600 and 22200
Today Nifty is facing a intraday resistance 22520 and 22550
Above 22550 will try to move 22600

On flip side, Nifty considering a supports 22470 and 22430
Below 22430 finding a next support around 22380

Updated: 08.47 am / 11th March 2024

11th March 2024 #Banknifty Intraday Levels

Banknifty last close: 47835.80 (-0.27%)

This week Banknifty trend decider is 48200 and 47200
Today Banknifty is facing a intraday resistance 47950 and 48050
If stays above 48050 will try to move 48200

On other side, Banknifty considering a supports 47750 and 47650
Below 47650 finding a next support around 47500

Updated: 08.33 am / 11th March 2024