Intraday study for Indian indices for 17th October 2022

 Hi good Morning

As Friday we are open at about 350+ points and then we see a consolidation then in intraday we hit the new high which is about 17370 then we see a profit booking as the weekend ahead and the festive season and nobody wants to loos their profit So we see that we close near days low so for today the trend looks neutral and we see the up move in the day time because the Vix on Friday is closes below 19 about 18.26 which is good for the market


IF we talk about the nifty the first resistance is about the 17270 and then the 17325 the 17370 will update after market crosses these level the support is the 17100 and 17050 and the major support is at the 16940

Then bank nifty the 1st resistance is at 39500 then 39700 39800 will update after that the support is at the 39100 - 38800 the 38500

Markets is in range do trade accordingly

The stocks are INFY after crossing 1510 then huge short covering
HDFC , HDFC BANK , AXIS BANK ,FEDRAL , HCL TECH, KOTAK BANK THEN THE MAJOR FMCG SECTOR

once INFY options crosses days high then we see a move in all it keep an eye

*Do watch VIX carefully*

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 17

Comment: why i mention Bullish call in INF will discuss in the MOJ video do follow there as gwalior_shp2804 which is a short video app will mention link soon

Oct 17

Comment: What i mentioned please don't but at higher levels buy then near the support for the bounce because comes from there we see the up move the levels, as mentioned in indices

Oct 17

Comment: see the low of 17098 and the up by 50 points and all the stocks also did the same

Oct 17

Comment: bank nifty reaches our ultimate target of the day from the 1st support zone now the revised target is of 40100 will meet in a day or 2

Oct 17

Comment: nifty meat its 1st target wait for the 2nd

Oct 17

Comment: see we reach at our zone of profits in bank nifty and nifty then we see a profit booking and now ready for the up move

Oct 17

Comment: data is strongly positive avoid short position for now

Oct 17

Comment: Keep L&T charts on screen big up move is due