Intraday study for Indian indices for 27th December 2022

Intraday study for Indian indices for 27th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
Our view on yesterday deliver the correct results we give the bounce from the 100DMA and reconquer the 18K and the banknifty is also give the upmove with 100 points and the volume of the market i low as the holiday session in global markets the Dow's IS closed yesterday and we don't have the global cues and the SGXNIFTY is showing the gapup
Now we talk about the Nifty and Banknifty

Nifty:--
The support is at 17800-17950 with the resistance is at 18120-18150-18222

Banknifty:--
The support is at 42500-42650 with the resistance is at 43100-43200

Sector and Stocks:--
Buying on dips is advisable in all the sectors along major stocks sector leaders

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 26 December 2022

Intraday study for Indian indices for 26 December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
The market fall due to covid News and tested its 100 DMA and in worst scenario we may couple with the Dow's which is near to the years low and there is a holiday session in the global market so we will witness the low volume sessions from today the global markets are closed for now the SGXNIFTY indicting the pullback but the preopen didn't shows that the level will not work in the market which is news driven so i will not mention the precise level and the health care sector and the food and beverages may give up move as the New year holiday
Now we talk about the nifty and banknifty

NIFTY:--
The 100 DMA is at 17831 which is a important level which gets broke by the market in the last session and give the close below that level if reconquer the level of 17950 we will see the good upmove in the indices

Banknifty:--

The banknifty fall much in two sessions and we may see the recovery if the heavy weights perform good as the base is at 41300-41500 level

Sector and Stocks:--
The defensive and pharma is looking good for upside for buying on dips levels

The buying on dips is advisable in the market

i am studying the HDFC bank this weekend i found may be there is a flag in it and ready for 6% up move but market need to recover for that market has to crosses the level of 17950

once sustain above the 1644 then it is confirmation of flag breakout and the next target is at 1710 ---HDFCBANK

Delete

4 minutes ago

Comment:

NOW CROSSING 10DMA NEED TO SUSTAIN ABOVE THAT

Delete

4 minutes ago

Comment:

I HAVE PERSONAL POSITION IN IT

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 23rd December 2022

Intraday study for Indian indices for 23rd December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
yesterday market broke support and reaches the level of 18050 and this is the most important support as the upper end of the range lies at this point and the banknifty fall too fast it is corrected almost 2000 points from the high
In the us market the market mall due to the fear of rate hikes as weak economic data but bounces from the support
The SGXNIFTY make the low around the 17950 which is the most important level for today
Now we talk about the Nifty and Banknifty

Nifty:--
The support is at 17950-18050 range with the resistance of 18244-18311

Banknifty:--
The support is at 41800-42200 range and the resistance is at 42650-42850 43000

Sector and Stocks:--
The bank, it, capgood looks good for the buying on dips don't go too aggressive

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