Intraday study for Indian indices For 31st October 2022

 Hi Good morning

As yesterday we see a consolidative move in the market and then we closes at the bounce of about 100 points from the lower or our support levels
And then we see a huge rally in the global markets Dow's is up by 1000 points and the other indices is also up
another good news is that the India VIX is trading Around 16 which is good below 18 it is considered as good
And then we are seeing that the SGCNIFTY is indicating the level of 18000+
SO now its official to revisit our support and the resistance levels

So the support is increased as 17675-17725 is the very strong support zone and then 17750 toward dip is buyable as per the huge gap up estimation of today
The resistance is at 17888 - 17925 and then 17991-18100 is he ultimate target for the range we are opening today So this is all about NIFTY

Now come to bank nifty its is the most strongest sector in the markets of now its 1st target / resistance is at 41800 and the 42200, 42500 and if we talk about the support is at41100-41300 and if we got this towards 4080 then it is also good to long

Now the sector and the indices then the Banks PSU and PVT looks good along with cap good, IT , FMCG and reliance and rest i will update you at market time

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Thank you

Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered

Oct 31

Comment: 41300 is the support only when we crosses 41500 then this level is act as good support

Oct 31

Comment: watch on IT FMCG and Pharma

Oct 31

Comment: Keep an eye on auto and Asian paints also looks good to buy at this level

Oct 31

Comment: AXSBANK, HINDUNILIVER, TITAN, INFY, HCLTECH, TECHM, COLPAL, L&T

Oct 31

Comment: NIFTYFUT ABOVE 18K

Oct 31

Comment: see all our trades are doing well see the IT has the open low structure are buyable with the SL of 5 rupee f the open level

See the L&T after highlighted

I took INFY 1560 CE @ 23.65 and CNXFINANCE @ 45 18550 as expire trade because it has expire tomorrow and may give swing today as we are at good levels

Look at these 2 INFY 1560 because it has OI of 5lk+ ad continuously adding but once the short covering comes it gives good move as it has delta of .45

Oct 31

Comment: see the 35% swing in the CNXFIN trade the power of data and the timing of trade

Oct 31

Comment: from 45 to 70 more upside has to come as the data is positive we have t move up in closing

Oct 31

Comment: see 18k on nifty in the closing as i discussed above the data

Oct 31

Comment: both trades are working well in FINNIFTY 70+% return and INFY doesn't brook its open low...

Oct 31

Comment: touched the level of 87 book profit round 90% do not carry enjoy the profits...