Intraday study for Indian indices for 28th November 2022

 Hi Good Morning

Friday we have a good session and the closing is also good on futures we are above 186000 and on spot near about 18500 and the consolidative session in the global market as the Nasdaq down by half percent and Dow's is up and on the weekend news of china lockdown and the rapid increase in cases we are seeing a gapdown opening and it is good to buy the dips as we discussed below about the Nifty and Banknifty

Nifty:---
the support comes around the 18425-18475 and the resistance is at 18551-18577 on spot levels and the major support is 18300-18350

Banknifty:---
The support of Banknifty comes at 42800-42500 and the resistance is at 43100-43300-43500 above which also has the higher side

Sectors and Stocks for today as i am mentioning only few rest you can check the previous study

CNXIT , BANKS, FINANCE, FMCG , MIDDCAPIT, GODREJPROP , DLF , USL , NIIT, L&T ALL looks good along with some you can see from previous study

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 SEBI Registered

Nov 28

Comment: see our view from the 18360 our strong base and the 18430 our 1st base both buying level and now in positive 18517.... enjoy

Nov 28

Comment: now the time for finnifty

Intraday study for Indian indices for 25th November 2022

 Hi Good Morning

Yesterday the market reaches 18525 and covering our all targets which i had given to you on yesterday and a day before yesterday
As the US markets are closed yesterday so we didn't have much data to talk on it and global Cues
So now we talk about the nifty and bank nifty

Nifty:---
Nifty clear all the resistances yesterday and open a higher trajectory of all time high and CNXIT is ready to support and up move and texture of bank nifty is also positive we don't have the enough data as the new expire begins from today but the resistance falls around 18616-18677-18711 with the strong support of 18300-18250

Banknifty:---
Yesterday banknifty hits the all time high and unfolds the target of 44100 but the immediate resistance is at 43300-43500-43700 with the support of 42800-42500 the breakout levels

Now the stocks and sector

CNXIT LOOKS GOOD ALONG WITH THE FINANCE, BANKS, INFRA, MEDIA, MIDCAP , NIFTY ,

STOCKS ARE :---

HDFC , INFY , NIIT, SUNPHARMA , ICICIGI , CUMMINS , L&T, HCLTECH , TECHM , HDFCLIFE , VOLTAS, BHARATBIJLEE, NTPC , LTTS , TATACONSUMER, AND ALL THE PSUBANKS, IT AND BANKS ALONG WITH THE ITBEES AND SBIETFIT

PHARMA ME BE ON DOWNSIDE

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 SEBI Registered

Nov 25

Comment: immediate SUPPORT OF NIFTY COMES AT 18400-18375

Intraday study for Indian indices for 24th November 2022

 Hi Good Morning

yesterday we see that the indices hold our range perfectly and touched bot the levels in intraday and close in lower end or in between because of the OI of calls on 18300 because of FED minutes
But the FED minutes comes not bad and it is consider by the US market and give the up move after the down reaction on Jobless claims and we saw that the DOW"S and Nasdaq both colse at higher end and the SGXNIFTY is above 18300
Now we talk about the nifty and banknifty


Nifty:----

So the levels for the nifty remains same as of yesterday if crosses 18331 on spot then 18400 and 18477 is possible if crosses the further

bank nifty :----

the bank nifty now has the support of 42100-42300 along 42500 and the resistance is at 42800-43100 range

Now the sector and stocks

It is seen that the major shorts is cover and we may see short covering so the

CEMENT, IT , BANKS , PSU BANKS, PSU , FMCG LOOKS GOOD

STOCKS ARE
AXIS BANK , KOTAK, ICICI, HDFC BAJAJ, HCKTECH, INFY , TECHM , INDIACEM , DLF , GODREJPROP , L&T ALL MAJOR LOOKS GOOD WITH LIMITED DOWNSIDE AND MAJOR UPSIDE WATCH CAREFULLY

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 SEBI Registered