Intraday study for Indian indices for 6th December 2022

Intraday study for Indian indices for 6th November 2022 by Harshit_Saxena on TradingView.com

https://www.tradingview.com/i/LV2aqVzs/

Hi Good Morning
yesterday we saw good recovery in both the Indian indices from the lower levels or i can say from the good support levels and we tested the support and as per my study the market gives upmove i closing which also i mention yesterday study But the Dow's corrected in the night and this is why we may see another gapdown opening but the dip should be the opportunity of bounce towards the higher levels Now if we talk about the levels of nifty banknifty and then the sector and Stocks

Nifty:--
The support is placed at 18600 with the 18500 as a strong base with the range till 18650 and the resistance is at 18725-18777 and 18811

Banknifty:--
The support comes at 42800-43100 and the resistance is at 43300-43500-43800 the levels and the study is unchanged view pervious for detail

Sector and Stocks:--
CNXIT , The finance sector is in consolidation today because of weekly expire and the RBI policy in this week later and also the election results
so bank and finance are in consolidation rest the stocks and the sector is unchanged yu can check by viewing the previous yesterday's 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 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 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