Intraday study for Indian indices for 30th December 2022

Intraday study for Indian indices for 30th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning

Yesterday we go correct as we discussed the market on the basis of the data and the chart structure simultaneously and the VWAP And ATP give's the important reading while i am giving you the update and we saw the up move and not only the upmove after the 11AM comment after that when i update you that i am seeing the 600 points upside then the market achieve that too you can check it in the charts.

The US market is at their support and give the bounce from that level Nasdaq bounces 1% higher than the DOW's so the IT is in focus today.

The SGXNIFTY is showing the gapup. The market may consolidate and then give the move because of the low volume .

Now we talk about the Nifty And Banknifty

Nifty:--
The well placed support is at 17975-18025 with the resistance of 18275-18311-18357 i am not taking too much of the any side move because of the yesterdays rally and the low volume

Banknifty:--
The support is at 42500-42650 with the resistance is at 43650-43800

Sector and Stocks:--
The major sector looks good as banks, auto, energy capital goods along the stocks are sector leaders keep an eye on HDFC bank i am bullish on it as i am seeing the Flag formation in it for the big rally and other major stocks you can see in previous studies

Buying on dips is advisable


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

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Intraday study for Indian indices for 29th December 2022

Intraday study for Indian indices for 29th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
Yesterday market consolidate in a range because of the low volume and then the US market continue their downward momentum and the SGXNIFTY is showing the gapdown opening
The buying on dips is advisable because of the monthly expire
Now we talk about the Nifty and banknifty


Nifty:--
The support is at 17975-18025 with the resistance is at 18177-18255

Banknifty:--
The support is at 42500-42300 with the resistance is at 43050-43100-43300-43650

Sector and Stocks
Major sectors leaders are good on buying on dips
Sectors are same as the last

Comment:

we have 2CR puts OI support and reliance is also start performing along with the sector big movers there is no reason for shorting at this level as we are at support zone so i am thinking that the CE OI upper than 18000 has to cover their open position and market has to move up till 18211

same as in banknifty as i don't see that much huge put buildup on 1 strike in last 2years and the CE writer above the 42500 has to cover their position and movement has to come near about the 11:30 AM

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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 28 December 2022

Intraday study for Indian indices for 28 December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning

Yesterday market give the good upside n the closing as the buying on dips is advisable and hits the perfect resistance of 18150 For today the buying on dips is also advisable because the volume in the market is low as compare to normal day and that's why the Dow's consolidated yesterday and closed flattish The Nasdaq is down more than it so avoid for the It for now but is is at its support so buying for long term is initiated if any one interested in tranches
the SGXNIFTY is showing the gapdown opening which is good for the market
Now we talk about the nifty and Banknifty

Nifty:--
The support is at 17975-18025 levels with the resistance is at 18177-18252 if cleared the yesterdays high by sustaining above it

Banknifty:--
The support is at 42400-42500 with the resistance is at 43050-43300-43650

Sector and Stocks:--
The sector which is looking good is Banks , energy ,metal , PSU Railway, auto, capitalgoods
Sector leaders is all these sectors are god as a stock for chasing the momentum

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