Intraday study for Indian indices for 9th December 2022

Intraday study for Indian indices for 9th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning


indices shows the good move in the weekly expire yesterday and banknifty closes al time high the nifty consolidate as the IT , Pharma and reliance didn't support well and the huge short covering is not visible in nifty
After the correction of a week and consolidation the US market gives the up move with the Nasdaq up by 1% So today the momentum comes with the It side along with banks
Now we talk about the nifty and banknifty

Nifty:--
The Nifty has the well placed support at 18500-18550 and the 18575 if broke the level of 18627 then huge short covering will be visible in induce and the next zone of resistance are 18690-18711-18777-81811

Banknifty:---
The support of banknifty is at 43100-43300 and then the resistance of 43800-43950-44100 in the the 43500-43650 maybe the range of consolidation

Sector and Stocks:--
The banks, PVT> AXIS, ICICI, HDFC and PSU looks good along with IT INFY , Auto, cement and Midcap , Capital good L&T

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 8th December 2022

 

Intraday study for Indian indices for 8th December 2022 by Harshit_Saxena on TradingView.com

https://www.tradingview.com/i/2O7v6RYB/

Hi Good Morning
yesterday the supports was broken by the market and tested the 18500-18550 range and the little bounce from these levels are shown and all the major stocks tested their breakout levels by trading near their levels and the banks looks comparatively strong and also in the global market the Nasdaq corrected future .5% breaching the levels of 11000 and 11500 on spot and futures which is a sign of caution because of the fed policy rates on recession issue Now we talk about the levels of Nifty and banknifty as today is the weekly expire then the session remains in consolidation and choppy


Nifty:--the support is at 18500 if broken the the 18300 is the level of support and the resistance is at 18650-18725-18777-18811 which remains unchanged along with 1 addition

Bank nifty:--
the support of bank nifty is at 32800-43100 and the resistance id at 43300-43500-43800 also remains unchanged

Sector and stocks :--
as the short covering comes in the market the best for bounce are Banks ,cement, FMCG crude oil plays and It is the last one to recover but very fast upmove in it for today be with sector leader i am not highlighting the Stocks

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 7th December 2022

https://www.tradingview.com/i/ie2MMIG5/

Intraday study for Indian indices for 7th December 2022 by Harshit_Saxena on TradingView.com

we saw yesterday the expire of FinNifty and today the RBI policy is to be allowance at 10AM and then we will see the move in the market till now the markets will sideways and also indices tested the support levels yesterday so the base is strong and till it holds the market will move up and buying on dips for up move will be favorable In Global market Dow's showing the correction as the rally is the outcome of short covering and they are waiting fir the Fed policy now will talk about the levels of nifty and banknifty

Nifty:--
The support is at 158550-18575 and the 1st support is at 18600-18625 with the resistance of 18725-18777-18811

Banknifty:--
The support of banknifty is at 42800-43100 with the resistance of 43500-43800 and all the levels and study is same as yesterday

Sector and Stocks:--
BANKS, PSUBANKS, PVTBANKS, CNXIT has it support at 30000 along with cement, auto, capital goods, fertilizer else will highlight after the policy because we will get the right momentum after this


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