19th April 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 21995.85 (-0.69%)

In a highly volatile session, Indian equity indices failed to hold on to opening gains and ended lower for the fourth straight
Despite mixed global cues, the market started in the green, and remained positive in the first half
However, it witnessed extreme volatility in the second half before closing near the day’s low
Finally, Nifty was down 152.05 points or 0.69 percent at 21,995.85
Sensex was down 454.69 points or 0.62 percent at 72,488.99
Biggest losers on the Nifty included Apollo Hospitals, Nestle India, ONGC, Adani Enterprises
while gainers were Bharti Airtel, Power Grid Corporation, Hindalco Industries, Bajaj Auto
Except telecom and media, all other sectoral indices were in the red
Midcap index shed 0.4 percent, while the smallcap index ended on a flat note
Bajaj Auto Q4 profit at Rs 2,011 crore, beats estimates; declares dividend
Infosys Q4 net profit at Rs 7,969 crore, beats estimates; Rs 28 dividend declared
Wipro to Announce Q4 Earnings Today
NSE to launch Nifty Next 50 index derivatives this month, gets SEBI nod
Foreign institutional investors (FIIs) net sold shares worth Rs 4,260.33 crore
while domestic institutional investors (DIIs) bought Rs 2,285.52 crore worth of stocks on April 18
US markets ended marginally loss on April 18
Dow ended flat, Nasdaq slipped to 0.52%, S&P500 fell 0.22%
US VIX ended at 18
Netflx fell more than 4% as weak guidance
US 10-year yield falls to 4.52%
Israel has conducted missile strikes on Iran
US officials confirm Israel did not target Iranian nuclear facilities
Explosions reported in Isfahan Province in Central Iran
Near-simultaneous reports of blasts in Iraq and southern Syria
US official confirms to ABC News that Israel carried out strike inside Iran
Iranian state-linked media confirm explosion in Isfahan
Significant re-routing of commercial planes amid closure of key parts of Iranian airspace
Oil price surges by nearly 4% amid concerns of further escalation
Dow Future down more than 400 points
Asian markets fell sharply on April 19

GiftNifty indicates a gap down opening for the index
Nifty can be considered as supports as 21950 and 21900
Below 21900 finding a next supports 21820 and 21700
Major support around 21700 which was last 3 months low

No need to write a resistance levels

Updated: 08.58 am / 19th April 2024

19th April 2024 Banknifty Intraday Levels

Banknifty last close: 47069.45 (-0.87%)

Today Banknifty is facing a intraday resistance 47150 and 47300
If stays above 47300 will try to check 47500
Stay caution at higher levels!!

Today Banknifty considering a supports 46800 and 46600
Below 46600 will try to check 46300

Updated: 08.40 am / 19th April 2024

18th April 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22147.90 (-0.56%)

Market falls for 3rd straight session for the 1st time in 3 months
Contributed to the decline included the threat of higher-for-longer interest rates, tensions in the Middle East
On Tuesday, Nifty was down 124.60 points, or 0.56 percent, at 22,147.90
Sensex was down 456.10 points, or 0.62 percent, at 72,943.68
The biggest losers on the Nifty included Infosys, LTIMindtree, IndusInd Bank and Bajaj Finserv
while the gainers were Eicher Motors, Hindustan Unilever, Oil & Natural Gas Corp. Titan Co., and Divi’s Lab
Nifty IT index plunged 2.6 percent
Nifty PSU Bank and Nifty Bank indexes, down 1.3 percent
Nifty Media gained the most, rising 1.57 percent
Followed by the Nifty Oil & Gas and the Nifty Pharma, which increased 0.6% and 0.4%, respectively
Rupee Ends At A Record Low Of 83.54/$
Infosys to announce Q4 earnings today also Bajajauto declaring the earnings report
IMF raises India’s FY25 GDP growth forecast by 30 bps to 6.8%
NSE to stop issuing new futures and options contract for Zee Entertainment
Foreign institutional investors (FIIs) net sold shares worth Rs 4,468.09 crore
while domestic institutional investors (DIIs) purchased Rs 2,040.38 crore worth of stocks on April 16
US markets ended lower on April 17
Dow lost 0.12%, Nasdaq declined 1.15% and S&P500 dropped 0.58%
Nasdaq down for 4th straight session
Dow down 7th session out of eight session
US VIX ended at 18.21
Nvidia fell 4% and Netflix and Meta down
Gold prices fall near $2370/oz
Dollar index near 106
US 10-year yield fall to settle at 4.58%
Asian markets were set to open higher
Kospi up 2% and Hangseng rises 0.6%

GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 22180 and 22220
If stays above 22220 will try to move 22260

On other side, Nifty considering a supports 22130 and 22100
Below 22100 finding a next support around 22060

Updated: 08.56 am / 18th April 2024

18th April 2024 #Banknifty Intraday Levels

Banknifty last close: 47484.80 (-0.6%)

Today Banknifty is facing a intraday resistance 47600 and 47700
If stays above 47700 will try to move 47850

On other side, Banknifty considering a supports 47400 and 47300
Below 47300 finding a next support around 47150

Updated: 08.34 am / 18th April 2024

16th April 2024 #Nifty Intraday Levels and Pre-market reports

Nifty last close: 22272.50 (-1.1%)

The Indian equity indices extended losses for the second consecutive session on April 15
Nifty was opened 22350 then fell to 22360 again shot up to 22400 then erased the intraday rally
Finally, Nifty was down 246.90 points, or 1.10 percent, at 22,272.50
Sensex was down 845.12 points, or 1.14 percent, at 73,399.78
Biggest losers on the Nifty included Shriram Finance, Wipro, Bajaj Finance, ICICI Bank
while gainers were ONGC, Hindalco Industries, Maruti Suzuki, Nestle
Among sectors, except oil & gas and metal, all sectoral indices ended in the red
midcap and smallcap indices were down 1.5 percent each
VIX shot up 8% to 12.50
IMD SAYS INDIA’S MONSOON RAINFALL SEEN ABOVE NORMAL IN 2024
CRISIL EXPECTS RBI TO INITIATE REPO RATE CUTS FROM MID-2024
WPI INFLATION YOY ACTUAL: 0.53% VS 0.20% PREVIOUS FORECAST 0.7%
Foreign institutional investors (FIIs) net sold shares worth Rs 3,268 crore
while domestic institutional investors (DIIs) purchased Rs 4,762.93 crore worth of stocks on April 15
Life Insurance Corporation hikes stake in Hindustan Unilever
The stake was increased from 4.99 percent to 5.01 percent, according to the filing
US markets ended sharply lower on April 15
Dow down 0.65%, Nasdaq declined 1.78%, S&P500 fell 1.2%
S&P500 fell more than 100 points from day’s high
Dow down 2000 points from recent high
US VIX up 11% to 19.23
Goldman Sachs beats estimates and stock up 2.9%
Tesla falls 2.8% post reports of layoff in global workforce
Gold near record high $2385/oz
The U.S. dollar index touched 106.27, the highest since Nov. 2
Brent futures for June delivery rose 46 cents, or 0.5%, to $90.56 a barrel
China Q1 GDP above estimates at 5.3% YoY vs Estimate of 4.8%
Asian markets were set to sharply lower opening
Nikkei down 2% and Hangseng down 1.5%

GiftNifty indicates a gap down opening for the index
Nifty is facing a intraday resistance 22300 and 22350
If stays above 22350 will try to check 22400

On flip side, Nifty considering a supports 22240 and 22200
Below 22200 finding a next support around 22140 and 22050

Updated: 08.54 am / 16th April 2024

15th April 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22519.40 (-1.03%)

The Indian market continued the record run in the truncated week ending April 12
On last week, Nifty50 index hit a fresh all-time high of 22,775.7 on April 10 but closed flat at 22,519.40
However, the BSE Sensex also touched its record high level of 75,124.28 on April 9 but ended on flatline at 74,244.90
The BSE Small-cap index ended with marginal losses & BSE Mid-cap Index ended with no change
The BSE Large-cap Index ended on a flat note
Among sectors, Nifty Pharma index down 2 percent, Nifty PSU Bank, and Media indices shed 1.5 percent each
However, Nifty Metal index was up 3 percent, Nifty Realty index added 1.5 percent
FIIs increased their selling in this week as they sold equities worth of Rs 6,526.71 crore
DII bought equities worth Rs 12,232.61 crore
TCS Q4 net profit rises 9% to Rs 12,434 cr, firm declares final dividend of Rs 28 per share
India’s retail inflation eases to a 10-month low of 4.85% in March
India’s February IIP grows at 5.7% from 3.8% a month back
Japan’s MUFG, SMBC weigh majority stake buyout in Yes Bank
US markets ended sharply lower on last Friday
Dow fell 1.24%, Nasdaq declined 1.62% and S&P500 down 1.46%
US VIX rose 16% to 17.31
JpMorgan falls more than 6% after weak guidance for the year
US 10-year sustained 4.5%
Bitcoin down by 7.9% to $61,842
Gold prices rose above $2,400 per ounce to an all-time high on Friday
Brent futures for June delivery fell 24 cents to $90.21 a barrel
Asian markets were set to lower opening
Nikkei down 1% and Hangseng declined 0.5%

GiftNifty indicates a negative opening for the index
Nifty weekly trend decider is 22300 and 22775
Today Nifty is facing a intraday resistance 22560 and 22600
Above 22600 finding a next resistance 22660

On flip side, Nifty considering a supports 22450 and 22400
Below 22400 finding a next support around 22330

Updated: 08.54 am / 15th April 2024