Intraday study for Indian indices for 1st December 2022

 

Intraday study for Indian indices for 1st December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning

Yesterday we saw that the as the level of 18720 cut by the market and start trading above that level the market give the sharp upmove towards the level of 18808 and the market closed at 18777 around
and later the day the SGXNIFTY hit the level of 19K and after the FED chairperson Speech and indication of not to do the rate hikes more aggressively the US market gives the huge upmove the Dow's closes 700++ in positive the Nasdaq give closes above 4% and Now SGX is indicating Gapup opening
Now we talk about the Nifty and bank nifty

Nifty:---
The nifty closes above our resistances level and shifted its base from 18550 to 18650-18700 is the strong base with the most important support of 18500 with the resistance of 19000-19050 which has the huge oi buildup for the series

Banknifty:---
The banknify support is at 4800-43100 with the resistance of 43800 and the 43300 is also act as support from now and the resistance is at 44110 which is the biggest range of the market

The market looks overbought now so timely book profit we may saw a correction in near term or the consolidation in the range

The sector and stocks:---
The CNXIT LOOKS GOOD ALONG WITH BANKS, PSU, FERTILIZER, AUTO, MEDIA, CEMENT, CAPITAL GOOD. TELECOM. FERTILIZERS

stocks belong to the respective sector looks good

look at the midcap for near term

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

Intraday study for Indian indices for 30th November 2022

 Hi Good Morning

yesterday market hit the resistance level of 18677 which i give you in yesterday idea and then we saw a profit booking in the market the US market are in consolidation and the SGXNIFTY in yesterday night shows the gapdown opening but right now it is showing on a positive note and we may see another high today and below i will discussed the level with you so let's back to the data point of view of nifty and banknifty

Nifty:---
The support is at 1850 with the 18550-18525 act as a range and the resistance is at 18677-18711 and the 18677-18690 is also the small range of resistance from which the market may stop and give the upmove when sustain above the 18720 all the levels are discussed is of spot levels


Banknifty:---
The support of banknifty is at 42800-43000 with the small resistance at 43300-43500 and the 43800 above which we may see the higher levels because of short covering

Sector and Stock specific view then the :---

CNXIT , BANKNIFTY , PSU , PSUBANKNIFTY, ITBEES, PSUBANK, FINANCE, RELTY, FMCG , MIDCAPIT, MEDIA, PHARMA , FERTILIZER

Mcdowell-N , NIIT, HCLTECH , TECHM , INFY , TCS , UBL , L&T, VOLTAS AND THE PREVIOUSLY MENTIONED PICS FROM THE GIVEN SECTOR ALONG THE SECTOR LEADER ADD REST I WILL HIGHLIGHTED YOU IN THE SESSION TODAY I MENTIONED ONE ETF IN WHICH YOU CAN LOOK FOR HAVING THE RETURN OF 10-15% IN NEAR TERM ABOUT IN 1-2 MONTH KEEP ON WATCH


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

See market moves as per our levels and after crossing 18720 the 18808 comes on spot immediately

Intraday study for Indian indices for 29th November 2022

 Hi Good Morning

Yesterday markets hits the all time high on both the indices and then some profit booking is seen from the top and today SGX indicating the opening of Negative note because of the Dow's corrected along with Nasdaq So the buying on dips is advisable because Indian markets are up in short term too

Now we talk about the Nifty and Banknifty

Nifty:---
The support is placed at 18400-18450 and the 18500 is the Psychological support which is harder to breach along with the resistance of 18677-18731

Banknifty:---
The support of banknifty is at 42800-43000 with the resistance of 43300-43500-43800

Sectors and the Stocks :---

CNXIT BANKS PSU PVT FINANCE CEMENT FMCG looks good
for the stocks look at the previous study the buy on dips is advisable

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