Intraday study for Indian indices for 16 May 2023 Harshit_Saxena

 

Hi

Intraday study for Indian indices for 16 May 2023

Good Morning

Today we saw the Both the indices touches the today's range and closes at mid of the today session
The US market is in range right now
THE INDIAVIX IS IN GOOD RANGE
I don't have much to talk today because we may saw the either side move as tomorrow is the FINNIFTY weekly expire

Now we talk about the Nifty and Banknifty:--

Nifty:--

The support is at 18177-18225 with the resistance of 18411-18525

Banknifty:--

The Support is at 43500-43650 with the resistance of 44150-44300

Sector and Stock Specific ( SSS ):--
Paints It some Banks will be on watch list for tomorrow

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