Indian indices for 17th January 2023

Intraday study for Indian indices for 17th January 2023 by Harshit_Saxena on TradingView.com

Hi Good Morning
yesterday we see a good opening then in close the market gives the deep cuts and closes at day's low and visited its base but didn't broke it same as with the other indices all visited the base.
The US markets closed se we didn't have any ques from there.
The SGXNIFTY is showing flat opening.
The VIX increases so the volatility for today may increases as the weekly expire of FINNIFTY.
Now we talk about the nifty and Banknifty:--

Nifty:--
The support is placed at 17850-17777 with the resistance of 18050-18111 the ultimate support is at 17500 which is near 200DMA.

Banknifty:--
The support is at 42000-41800 with the resistance of 42350-42400-42650-42800 the levels are more because of the weekly expire of FINNIFTY.

Sector and Stock Specific ( SSS ):--
The major sectors are looking good as the it gives the good close yesterday and the budget related stocks are looking good as i mentioned the sectors in my previous studies have a look of that and if the short covering comes and the major finance will support then the day belongs to the financial stocks and indices.

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 16th January 2023

Intraday study for Indian indices for 16th January 2023 by Harshit_Saxena on TradingView.com

Hi Good Morning

On Friday we have seen that the market touches the level of support which is 17777 and bounces from there towards the level of 17999 and then consolidate.
Then the same day Dow's return in positive from the huge negative as it also tested the support and come back up again along with the Nasdaq.
Now the SGXNIFTY showing the gap up.

Now we talk about the Nifty and Banknifty:-

Nifty:--

The well support is placed around the 17800 as it tested the all supports in previous session and the 200 DMA is at 17500 with the resistance of 18050-18111-18177

Banknifty:--

The support is placed at 42500-42300 with the resistance of 42800-42950-43132

Sector and Stock Specific ( SSS ):--

The major sector with sector leaders looks good mentioned in previous studies for intraday look at finance and banks as HDFC bank reports good result.

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 13th January 2023 || bazar ki chaal || support resistance levels

Intraday study for Indian indices for 13th January 2023 by Harshit_Saxena on TradingView.com

Bazar ki chaal -- support and resistance 

Hi Good Morning

Yesterday we saw that the market tested the support level and because of the expire we saw the short covering from the lower level and the formation is still the lower low on Daily basis
The US inflation comes as estimate and the market jumps and closes in positive The SGXNIFTY is showing the positive to flat opening the results of major it has its impact

Now we talk about the Nifty and Banknifty

Nifty:--

The support is placed at 17777-17717 with the major 200DMA around the 17500 and the resistance at 17925-18025 as the biggest range but the Day may belongs to consolidation with negative note

Banknifty:--

The support of banknifty is at 41500-41800-42000 with the resistance of 42300-42500-42650

Sector and Stock Specific ( SSS ):--

The Major sector looks good as the market is correcting and the time wise correction is also going as marker consolidate in the range so for the short term it is good opportunity for accumulation look at the sector leaders and other mentioned sectors in the previous studies


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