Intraday study for Indian indices for 15th May 2023

Intraday study for Indian indices for 15th May 2023

Hi

Good Morning

Last week we saw a action on Nifty and Banknifty but it is in  a range which i give you in my last study that's why i haven't update further 

The global markets are also in a consolidation range last week

The India VIX is good levels

But the problem is with the Ban List as the list grows the markets fall So be watchful for the week as we ran too fast and HDFC is giving dividend  

Now we talk about the Nifty and Banknifty:--

Nifty:--

The support is at 18000-17975 range which is the bigger range wit the resistance of 18335 - 18500 with the previous high

Banknifty:--

The support is at 43500-43300 with the resistance of 43850-44100

Sector and Stock Specific ( SSS ):--

May be The IT sector will be the driver for the index as it has to be rallied along with Auto and Paints 

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