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

09th March 2023 #Banknifty intraday levels and pre-market reports

Banknifty last close: 41577.10 (+0.5%)

On Wednesday, Banknifty was seen recovered from day’s low and ended 0.5% higher
Banknifty was opened 41250 and slipped to 41100 and shot up to 41625
PSUBank and Private banks did well
PSUBank gained 0.5%
Icicibank did very well
VIX sustained around 12.30
PE side added huge OI which means expecting some rally

Today Banknifty is facing a intraday resistance 41720, 41850 and 42050
If breaks and manages above 42050 expecting the rally up to 42250

On other side, Banknifty can be considered as supports as 41480, 41400 and 41250
Don’t short at very lower levels

Updated: 08.37 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

06th March 2023 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 17594.35 (+1.6%)

Market erased some of the previous week losses and ended with moderate gains in the volatile week ended March 3
On weekly basis, Nifty50 rose 128.5 points or 0.73 percent to end at 17,594.30
Sensex added 345.04 points or 0.58 percent to close at 59,808.97
Mid-cap Index rose 1.7%, Large-cap Index gained 0.85%, and Small-cap index added 1%
PSU Bank gained 9%, Metal index 6.6%, Realty 6% and Media index up 5.2%
On the other hand, Pharma index shed 1 percent
Centre slahses windfall tax on diesel, removes it on ATF
China sets modest growth target of about 5% as parliament opens
FIIs net bought 246 crore while DIIs net bought 2090 crore
Gold eases on firmer dollar, rate hike fears
Spot Gold was down 0.1% at $1853/oz
Bitcoin falls 5.2% to $22250
US futures marginally higher following a rally in the cash market
US markets ended sharp gains on Friday
US fronline indices rise up to 2%
Apple up 3.5% after Morgan Stanley’s positive outlook
US 10-year yield eases to 3.95%
Volkawagon up over 11% after posting a better than expected outlook for 2023
Crude hovers around $85/bbl
Asian markets open largely higher
Nikkei up 1.5% and Hangseng down 0.4%

SGXNifty indicates a gap up opening for the index
Nifty weekly trend decider 17770 and 17250
Today Nifty is facing a intraday resistance 17635, 17660 and 17720
If breaks and manages above 17720 will try to move 17800

On other side, Nifty can be considered as supports as 17550, 17530 and 17475

Updated: 08.55 am / 06th March 2023