Intraday study for Indian indices for 30th December 2022

Intraday study for Indian indices for 30th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning

Yesterday we go correct as we discussed the market on the basis of the data and the chart structure simultaneously and the VWAP And ATP give's the important reading while i am giving you the update and we saw the up move and not only the upmove after the 11AM comment after that when i update you that i am seeing the 600 points upside then the market achieve that too you can check it in the charts.

The US market is at their support and give the bounce from that level Nasdaq bounces 1% higher than the DOW's so the IT is in focus today.

The SGXNIFTY is showing the gapup. The market may consolidate and then give the move because of the low volume .

Now we talk about the Nifty And Banknifty

Nifty:--
The well placed support is at 17975-18025 with the resistance of 18275-18311-18357 i am not taking too much of the any side move because of the yesterdays rally and the low volume

Banknifty:--
The support is at 42500-42650 with the resistance is at 43650-43800

Sector and Stocks:--
The major sector looks good as banks, auto, energy capital goods along the stocks are sector leaders keep an eye on HDFC bank i am bullish on it as i am seeing the Flag formation in it for the big rally and other major stocks you can see in previous studies

Buying on dips is advisable


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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered

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Intraday study for Indian indices for 29th December 2022

Intraday study for Indian indices for 29th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
Yesterday market consolidate in a range because of the low volume and then the US market continue their downward momentum and the SGXNIFTY is showing the gapdown opening
The buying on dips is advisable because of the monthly expire
Now we talk about the Nifty and banknifty


Nifty:--
The support is at 17975-18025 with the resistance is at 18177-18255

Banknifty:--
The support is at 42500-42300 with the resistance is at 43050-43100-43300-43650

Sector and Stocks
Major sectors leaders are good on buying on dips
Sectors are same as the last

Comment:

we have 2CR puts OI support and reliance is also start performing along with the sector big movers there is no reason for shorting at this level as we are at support zone so i am thinking that the CE OI upper than 18000 has to cover their open position and market has to move up till 18211

same as in banknifty as i don't see that much huge put buildup on 1 strike in last 2years and the CE writer above the 42500 has to cover their position and movement has to come near about the 11:30 AM

Delete

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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered

Intraday study for Indian indices for 28 December 2022

Intraday study for Indian indices for 28 December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning

Yesterday market give the good upside n the closing as the buying on dips is advisable and hits the perfect resistance of 18150 For today the buying on dips is also advisable because the volume in the market is low as compare to normal day and that's why the Dow's consolidated yesterday and closed flattish The Nasdaq is down more than it so avoid for the It for now but is is at its support so buying for long term is initiated if any one interested in tranches
the SGXNIFTY is showing the gapdown opening which is good for the market
Now we talk about the nifty and Banknifty

Nifty:--
The support is at 17975-18025 levels with the resistance is at 18177-18252 if cleared the yesterdays high by sustaining above it

Banknifty:--
The support is at 42400-42500 with the resistance is at 43050-43300-43650

Sector and Stocks:--
The sector which is looking good is Banks , energy ,metal , PSU Railway, auto, capitalgoods
Sector leaders is all these sectors are god as a stock for chasing the momentum

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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered

Intraday study for Indian indices for 27th December 2022

Intraday study for Indian indices for 27th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
Our view on yesterday deliver the correct results we give the bounce from the 100DMA and reconquer the 18K and the banknifty is also give the upmove with 100 points and the volume of the market i low as the holiday session in global markets the Dow's IS closed yesterday and we don't have the global cues and the SGXNIFTY is showing the gapup
Now we talk about the Nifty and Banknifty

Nifty:--
The support is at 17800-17950 with the resistance is at 18120-18150-18222

Banknifty:--
The support is at 42500-42650 with the resistance is at 43100-43200

Sector and Stocks:--
Buying on dips is advisable in all the sectors along major stocks sector leaders

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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered

Intraday study for Indian indices for 26 December 2022

Intraday study for Indian indices for 26 December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
The market fall due to covid News and tested its 100 DMA and in worst scenario we may couple with the Dow's which is near to the years low and there is a holiday session in the global market so we will witness the low volume sessions from today the global markets are closed for now the SGXNIFTY indicting the pullback but the preopen didn't shows that the level will not work in the market which is news driven so i will not mention the precise level and the health care sector and the food and beverages may give up move as the New year holiday
Now we talk about the nifty and banknifty

NIFTY:--
The 100 DMA is at 17831 which is a important level which gets broke by the market in the last session and give the close below that level if reconquer the level of 17950 we will see the good upmove in the indices

Banknifty:--

The banknifty fall much in two sessions and we may see the recovery if the heavy weights perform good as the base is at 41300-41500 level

Sector and Stocks:--
The defensive and pharma is looking good for upside for buying on dips levels

The buying on dips is advisable in the market

i am studying the HDFC bank this weekend i found may be there is a flag in it and ready for 6% up move but market need to recover for that market has to crosses the level of 17950

once sustain above the 1644 then it is confirmation of flag breakout and the next target is at 1710 ---HDFCBANK

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4 minutes ago

Comment:

NOW CROSSING 10DMA NEED TO SUSTAIN ABOVE THAT

Delete

4 minutes ago

Comment:

I HAVE PERSONAL POSITION IN IT

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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered

Intraday study for Indian indices for 23rd December 2022

Intraday study for Indian indices for 23rd December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
yesterday market broke support and reaches the level of 18050 and this is the most important support as the upper end of the range lies at this point and the banknifty fall too fast it is corrected almost 2000 points from the high
In the us market the market mall due to the fear of rate hikes as weak economic data but bounces from the support
The SGXNIFTY make the low around the 17950 which is the most important level for today
Now we talk about the Nifty and Banknifty

Nifty:--
The support is at 17950-18050 range with the resistance of 18244-18311

Banknifty:--
The support is at 41800-42200 range and the resistance is at 42650-42850 43000

Sector and Stocks:--
The bank, it, capgood looks good for the buying on dips don't go too aggressive

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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered