Intraday study for Indian indices for 16th December 2022

 

Intraday study for Indian indices for 16th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
yesterday market broke our support of 18500 and then we saw a swift fall towards 18400 with no exit point as market didn't sustain there and then The US market gives the deep cuts because of the FED rates hike and outlook of r2023-2024 and then the Central banks of Britain and other countries also hike the rates and today we may saw a gapdown opening which is a good opportunity for bounce in major big names of indices and midcaps big names along with the banks and also the windfall tax is reduces so the Oil marketing companies and reliance shows upmove which support the market
Now we talk about the Nifty and Banknifty:--

Nifty:---
The support is at 18300-18350 and 18175 is the Good support for the huge bounce with the resistance of 18670-18720 but the VIX is down so the range is shorter with 190 tp 200 points

Banknifty:--
The banknifty support is at 43300-43500 if reoccurred and the resistance is at 44100

Sector and Stocks:---
The oil marketing companies , capital goods ,auto, banks banknifty
and also i mentioned above and also avoid the CNXIT for now the technical pullback may come because of the oversold 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 15th December 2022

 

Intraday study for Indian indices for 15th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
yesterday the market is in range which i had discuss about with the shift in the bases and support
and the markets are waiting for the FED policy and .5bps It is and also with some hints of the further hike in the rates and on this the US markets fall from the high and closes in red but didn't give the clear ides but the Figures for Indian market in the buying side is good by the intuitions
and the banknifty and Midcap looks good for now and avoid it till it regain its technical points
Now we talk about the nifty and banknifty :--

Nifty:--
the support is shift a little as the 18550 and and 18500 is the ultimate support with the 18600 is the bounce opportunity with the resistance of 18690-18720 after this we may see the higher levels

Banknifty:--
The support is at 43800-with the resistance is at 44300 if range broke either side the 200 - 300 points move will come

Sector and Stocks:--
All the large cap apart from IT looks good with the Midcaps keep your eye on their for today may be the side ways market till the range is broken

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 14th December 2022

 

Intraday study for Indian indices for 14th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
Yesterday after witnessing a perfect session of range wise the market moves up in closing and follow on we saw that the CPI numbers of the US market give boost to the market and Dow's almost 700++ points up at the time of opening of US market and also the Nasdaq is up but as i told that the market is in consolidation and waiting for FED policy rates hike So all the move is fizzle out with the day and at some point of time Dow's goes in red as well because all the upside momentum is created by short covering and the upper level is Profit booking and long unwinding is happens an Now all the Markets waiting of FED Policy
Now we talk about the nifty and banknifty

Nifty:--
The support is at 18475-18525-18550 with the resistance of 18690-18720 after crossing this level the more upside may seen towards 18777

Banknifty:--
The support is at 43500-43800 as this is the breakout levels with the resistance of 44100-43300

Sector and Stocks:--
The Major stocks looks good but we have a big event so in my opinion Don't carry longs aggressively if anyone wants to long may be the good levels but if take after the policy will be good
I am personally Not carry anything for the day

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