Intraday study for Indian indices for 9th December 2022 by Harshit_Saxena on TradingView.com
Hi Good Morning
indices shows the good move in the weekly expire yesterday and banknifty closes al time high the nifty consolidate as the IT , Pharma and reliance didn't support well and the huge short covering is not visible in nifty
After the correction of a week and consolidation the US market gives the up move with the Nasdaq up by 1% So today the momentum comes with the It side along with banks
Now we talk about the nifty and banknifty
Nifty:--
The Nifty has the well placed support at 18500-18550 and the 18575 if broke the level of 18627 then huge short covering will be visible in induce and the next zone of resistance are 18690-18711-18777-81811
Banknifty:---
The support of banknifty is at 43100-43300 and then the resistance of 43800-43950-44100 in the the 43500-43650 maybe the range of consolidation
Sector and Stocks:--
The banks, PVT> AXIS, ICICI, HDFC and PSU looks good along with IT INFY , Auto, cement and Midcap , Capital good L&T
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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