Intraday study for Indian indices for 18th January 2023 by Harshit_Saxena on TradingView.com
Indian indices for 18th January 2023 || Share bazar ki chaal || support resistance levels
Hi Good Morning
Yesterday was the high volatility as mentioned and the whole day belongs like this and the end of the day belongs to the short covering from the FINNIFTY
The US market was also in consolidation and there is a divergence in Nasdaq and Dow's as Dow was down about the 390 points and the Nasdaq was up and ended in green.
The SGXNIFTY indicated the flattish opening.
The INDIAVIX cool down.
Now we talk about the Nifty and Banknifty
Nifty:--
The support is around the 17950-18000 and the bigger range is 17777-18825---18050-18177 is the resistance.Banknifty:--
The support is at 41800-42000 with the resistance of 42450-42650-42800
Sector and Stock Specific( SSS ):--
The major sector and the budget related themes will run fast as the L&T from capital goods from yesterday as i mentioned in my previous studies so be with the leaders of the sectors and ready for budget.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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