09th March 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 17754.40 (+0.2%)

Nifty was recovered morning loss and ended 0.2% higher on 08 March
Nifty was opened 17665 and made a low of 17602 then spiked to 17766
Sensex was up 123.63 points, or 0.21 percent, at 60,348.09
Nifty was up 42.90 points, or 0.24 percent, at 17,754.40
Nifty bank, infra, energy, auto, and PSU Bank up 0.5 percent each
Power index was up nearly 2%, while capital goods and auto indices were up a percent each
Healthcare, realty, metal and IT indices were down 0.3-0.5%
Midcap index was up 0.60% and the smallcap index gained 0.3%
VIX ended around 12.30
FIIs net bought 3671 crore while DIIs net sold 937 crore
Balramchin are under F&O ban for March 9
US future marginally lower following a mixed close for the cash market
Dow sheds 60 points and S&P500 down 0.1%
Nasdaq gained 0.4%
US-10 year yield shot up to 3.9%
Brent slips below $83/bbl
Gold prices rise to $83/oz
China Feb consumer price rise to 1% YoY estimate of 1.9%
SGXNifty indicate a flat opening

As per open interest, PE side added more OI and CE side not seen significant OI
However, Nifty is facing a intraday resistance 17780 and 17810
If breaks and manages above 17810 will try to move 17860

On other side, Nifty can be considered as supports as 17720, 17700 and 17650

Updated: 08.48 am / 09th March 2023

08th March 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close : 17711.45 (+0.7%)

On Monday, Indian stock rallied around 0.5% to 1% but fell from day’s high
Sensex rose 415.49 points or 0.69 percent to 60,224.46
Nifty settled 117.20 points or 0.67 percent higher at 17,711.50
Midcap index rose 0.7 percent while the smallcap index added nearly a percent
Except metal, realty and PSU Bank, all other sectoral indices ended in the green
India VIX ended around 12.20
FIIs net bought 721 crore while DIIS net bought 757 crore on March 6
US Futures flat trade after following sell-off in the cash market
US markets ends with deep cut on Tuesday
Frontline indices fell up to 1.5% to 2%
Very Hawkish comment from Fed chair Powell
Fed’s Powell sees long term damage if US debt ceilling not raised
US 10-year yield hovers around 4%
US 2-year yield tops 5% and hits highest level since 2007
Brent slipped to $83/bbl over rate hike fears in US
Gold prices fall below $1810/oz
Asian markets largely lower in early trade
Hangseng slips 2% and Nikkei up 0.2%

SGXNifty indicates a negative opening for the index
Likely to witness highly volatile will be expected during the day
However, Nifty is facing a intraday resistance 17735, 17760 and 17800
Stay caution at higher levels!!
On other side, Nifty can be considered as supports as 17675, 17640 and 17600

Updated: 08.57 am / 08th March 2023