https://www.tradingview.com/i/ie2MMIG5/
Intraday study for Indian indices for 7th December 2022 by Harshit_Saxena on TradingView.com
we saw yesterday the expire of FinNifty and today the RBI policy is to be allowance at 10AM and then we will see the move in the market till now the markets will sideways and also indices tested the support levels yesterday so the base is strong and till it holds the market will move up and buying on dips for up move will be favorable In Global market Dow's showing the correction as the rally is the outcome of short covering and they are waiting fir the Fed policy now will talk about the levels of nifty and banknifty
Nifty:--
The support is at 158550-18575 and the 1st support is at 18600-18625 with the resistance of 18725-18777-18811
Banknifty:--
The support of banknifty is at 42800-43100 with the resistance of 43500-43800 and all the levels and study is same as yesterday
Sector and Stocks:--
BANKS, PSUBANKS, PVTBANKS, CNXIT has it support at 30000 along with cement, auto, capital goods, fertilizer else will highlight after the policy because we will get the right momentum after this
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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