Pre-Market Update 02.01.2023

 Pre-Market Report

At the end of the last week Nifty closes above 18100. And the US Markets were at huge volatile ended in negative. Foreign institution were net sellers they sold 2,950.89cr on Friday. Domestic institution were net buyers they bought 2,266.20cr on Friday. The Foreign institution were sold nearly 14,000cr on last month. But market haven't fell because of the Domestic institution bought nearly 24000cr on last month. The support level for Nifty is nearly at 18000 once nifty breaks the support level it will reach next support level near 17800. The resistance level for Nifty is nearly at 18150 once it breaks the resistance level it will be in up trend. As of now the Nifty Future indicating 50 to 60 points gap up and some of the global markets are in holiday. So, our market may take Up trend only if everything goes well or it may take sideways. It takes down trend only if anything goes wrong.

Indices	Open	High	Low	Close
Nifty50	18,259.10	18,265.25	18,080.30	18,105.30
Sensex	61,329.16	61,392.68	60,743.71	60,840.74
Bank Nifty	43,401.70	43,422.95	42,833.10	42,986.45
Dow Jones	33,121.61	33,152.55	32,847.82	33,147.25
S&P 500	3,829.06	3,839.85	3,800.34	3,839.50
Nasdaq	10,368.37	10,468.31	10,324.70	10,466.48