Intraday study for Indian indices for 28th april  2023

Hi

Good Morning

Today we saw that the Nifty touched the 17800 and holds this level and sustain above this and then triggers the short covering and as expected and market hits the level near 17950 as expected

Now when we reach this level and the monthly expire is over and we have new series so we will find out some new upper and lower levels of the stocks because of roll overs 

Now the US market are in positive as the Nasdaq hits 2% jump.

The INDIAVIX is good

The SGXNIFTY is in positive crosses 18K

Now we talk about the Nifty and Banknifty:--

Nifty:--

The support is at 17777 which is a good  support and the market is at 17900 so the one buys at lower levels may try to book profits as we have Friday factor and the gapup opening and index might lets up on indicator 

Banknifty:--

The Support is at 42500 and the resistance is at 43090-43250 as it also gets above on my charts so the consolidation and some points profit booking is must

Sector and Stock Specific ( SSS ):--

The consumption and the auto will be in watch along with IT as Nasdaq jumps

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