Intraday study for Indian indices for 5th December 2022

Intraday study for Indian indices for 5th December 2022 by Harshit_Saxena on TradingView.com

https://www.tradingview.com/i/h9CAoLKg/

Hi Good Morning
Friday we saw that pending correction which i was talking about in my previous studies and Now the base is at 18500 and i am saying this because the market took time to give the upmove till 18500 but the level from 1850 to 18900 was come as soon as we cross that 18500 so this the result of short covering and that is way i was expecting the correction and now it comes and may be with sometime of consolidation we will move up again as Dow's have the range and give a good recovery from lower levels and the ended that day on a positive note and Nasdaq also give the upmove now we talk about the levels of Nifty and Banknifty

Nifty:---
the well-placed support is at 18500 but we have a base above this level also as 18625-18657 range with 18650 as i level with the resistance of 18777-18811-18889 Keep a eye on the levels

Banknifty:--
The support is placed at 42800-43100 with 43300 as a resistance and we cross the levels of 2nd resistance 43500 and trade above the 43650 then the 43300 acts as a strong support as well keep these levels for your reference

Now the sector and the Stocks

Sector:--
As mentioned previously CNXIT, CNXFINANCE, PSUBANKS, PVTBANKS, NSEREALTY, NSEAUTO, looks good with the Stocks as:--
BAJAJFIN, BAJAJFINSERV, L&T, HDFC, BIOCON, MARUTI, TECHM, AXISBANK, INFY, HCLTECH, TCS, BSOFT, LTTS, GOREJPROP, DLF AND will highlighted in the regular session

Do follow mw on Blogger will mention the link in comments

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

Intraday study for Indian indices for 2nd December 2022

Intraday study for Indian indices for 2nd December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
After the weekly expire on Yesterday the indices manage to hold the level of 18800 and closes above it and the banknifty holds the level of 43100 easily and in the US market they remain mixed with the downtick because of salesforce numbers and the SGXNIFTY is indicating the flattish to negative opening Now we talk about the levels of nifty and banknifty

Nifty:---
The support of nifty is at 18675-18725 and the 18775 is the small to mid-level of bounce as the data is very low because of the new weekly expire and it's the very first day of that with the resistance of 18875-18925-18991

Banknifty :--
The levels of banknifty remains unchanged as the support is at 42800-43100 and the resistance is at 43300-43500and 43800
may be the nifty and banknifty both touches the level of 19025-44110 together is just the estimation

The sector and stock Specific:--

the CNXIT, BANKNIFTY, AUTO, PHARMA, MEDIA LOOKS GOOD ALONG WITH THE STOCKS AS

BAJAJFINANCE, BAJAJFINSERV, HDFC, BIOCON, MARUTI, AIRTEL, GODREJPROP, DLF, HCLTECH, TECHM, INFY, TCS, ALL CONTINUE IST UPWARK JEOURNY KEEP ON WATCH

https://www.tradingview.com/i/YCPQG90k/

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

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