Intraday study for Indian indices for 13th December 2022

 

Intraday study for Indian indices for 13th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
yesterday the market is in our defined range of 1st base to the resistance after hitting the 1st base the quick move towards the 18500 but today we are opening about the yesterday's high
the US market is in consolidation and yesterday the give the upmove and waiting for the FED policy
Now we talk about the Nifty and Banknifty:--

The support of nifty is at 18425-18375 with the resistance of 18531 after we have a upmove towards 18600

Banknifty:--
the support is at 43300 with the resistance of 43850-44000

Sector and Stocks:----
the major stocks look's good for the bounce towards upside as the shorting is more in major stocks and sector

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 12th December 2022

Intraday study for Indian indices for 12th December 2022 by Harshit_Saxena on TradingView.com

 Hi Good Morning

On Friday as the Level of 18500 broke down we see a sudden swift fall towards 18400 which is not good and indication of correction but in the closing market try to recover which is a false bounce because as i told you that 18500 is the most important support and US market is in waiting for the FED policy on 14th December and the whole downside is sponsor by the HCLTECH NEWS which drag the IT indices and that drags the Nifty

The Banknifty is in consolidation and relatively strong as soon as gets the good news shows up move
Noe if talk about the levels of nifty and banknifty

Nifty:--
The support is placed at 18275-18325 and 18177-18252 with the resistance of 18500

Banknifty:---
the support is at 42800-43100-43300 with the resistance is at 43650-43800

Sector and stocks:--

Avoid for now all the sector and stocks in any direction till the FED Policy

Recovery of upside may be possible from extreme lower levels
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 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