Indian indices for 9th January 2023

Intraday study for Indian indices for 9th January 2023 by Harshit_Saxena on TradingView.com

Hi Good Morning

On Friday we saw a huge selloff as per the expectation and market reaches the level of 17795 which is near to our target 17777 after hitting the perfect resistance zone and from the support 100 points bounce comes immediately
The US market bounces around 2.5% on the same day and the SGNIFTY shows the huge upmove by 160 points
Today the Dow futures trading around 50++ and the SGNIFTY shows the 140 points gapup so this is the range the INDIAVIX remains flat

Now we talk about the Nifty and Banknifty:--

Nifty:--

The support is around the level of 17777 but there is a cautious view as the 200 DMA comes at 17500 so it is the most important support but for today the support comes at 17950-17975 with the resistance of 18100-18177 the levels include the gapup points so consider that & rest i have mentioned the levels as the 18000 has the highest CE OI more than 1 CR but if we remain above that then short covering comes if down then the downmove comes

Banknifty:--

The support is around the 41800-42100-42300 with the resistance of 42550-42650-42800

Sector and Stock Specific ( SSS ):--

As the Nasdaq up by more than 2.5% so the IT is the sector leader for today so be there and in defensives and for short term all sector looks good the TCS has result and the stock corrected more than 3 % on Friday so keep in mind bee with 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

Indian indices for 6th January 2023

Intraday study for Indian indices for 6th January 2023 by Harshit_Saxena on TradingView.com

Hi Good Morning

Yesterday we saw the selling in the indices after breaking the base we saw a swift down move in the indices and the major stocks hope you were safe and the approach of buying on dips is also correct and we closed above our bases in both the indices
The US market was correct last night more then a percent and the SGNIFTY is showing the Flat to negative opening the major base is remain unchanged
Now we talk about the NIFTY And Banknifty

Nifty:--
The support is at 17777 which is the major support any dips towards this level are buyable for short term as we are entering in result season the intraday levels 17950-17975 is the support with the resistance of 18100-18177 and rest levels remains unchanged

Banknifty:--
The support is at 42100-42300 and the major level is 41800 any dips towards these levels are buyable with the resistance of 42800-43000-43125

Sector and Stock Specific ( SSS ):--
The major sector with the corrected leaders are looking good for the positional and short term as we are heading towards the result season with the consolidation position and after cooling from upper levels a minor positive results will take the stocks to the 4-5 % upmove

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 5th December 2023

Intraday study for Indian indices for 5th December 2023 by Harshit_Saxena on TradingView.com

Hi Good Morning
yesterday also the market is in range first hit the resistance and then the selling comes till the support
The us market is in consolidation and then ended the day at the green and now the futures is in positive
The SGNIFTY after all the global session highlighted the flattish open and the Data is also suggesting the flattish to negative opening

Now we talk about the Nifty and Banknifty

Nifty:--

The support is placed at the 18025-18050 and the 2nd base is at 18000-17975 because of the expire with the resistance of 18177-18244-18311

Banknifty:--

The support of banknifty is at 42800-42650-42500 with the resistance of 43100-43300-43500 The short covering may comes at the end

Sector and Stock specific:--

The major sectors are looking good as we get the dips before the result season so be with the sector leaders for some days and also for intraday if short covering comes at the end these are the fast movers


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