Intraday study for Indian indices for 16th January 2023 by Harshit_Saxena on TradingView.com
Hi Good Morning
On Friday we have seen that the market touches the level of support which is 17777 and bounces from there towards the level of 17999 and then consolidate.
Then the same day Dow's return in positive from the huge negative as it also tested the support and come back up again along with the Nasdaq.
Now the SGXNIFTY showing the gap up.
Now we talk about the Nifty and Banknifty:-
Nifty:--
The well support is placed around the 17800 as it tested the all supports in previous session and the 200 DMA is at 17500 with the resistance of 18050-18111-18177Banknifty:--
The support is placed at 42500-42300 with the resistance of 42800-42950-43132Sector and Stock Specific ( SSS ):--
The major sector with sector leaders looks good mentioned in previous studies for intraday look at finance and banks as HDFC bank reports good result.
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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