Intraday study for Indian indices for 15th May 2023

Intraday study for Indian indices for 15th May 2023

Hi

Good Morning

Last week we saw a action on Nifty and Banknifty but it is in  a range which i give you in my last study that's why i haven't update further 

The global markets are also in a consolidation range last week

The India VIX is good levels

But the problem is with the Ban List as the list grows the markets fall So be watchful for the week as we ran too fast and HDFC is giving dividend  

Now we talk about the Nifty and Banknifty:--

Nifty:--

The support is at 18000-17975 range which is the bigger range wit the resistance of 18335 - 18500 with the previous high

Banknifty:--

The support is at 43500-43300 with the resistance of 43850-44100

Sector and Stock Specific ( SSS ):--

May be The IT sector will be the driver for the index as it has to be rallied along with Auto and Paints 

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 9th March 2023

Hi

Good Evening

Today market gives the close by broking the 3 month range and gives the breakout
but we also near the above the levels of my indicators we are at upper end of range so what
next?

Then answer is wait for conformation and be with previous longs and time to book profit
the US market is in good shape

the INDIA VIX is comfortable

Now we talk about the Nifty and Banknifty:--

Nifty:--

The Support is at 18000 with the resistance of 18335 and this triggers the short covering or profit booking

Banknifty:--

The support is at 43000 with the resistance of 43800-44100

Sector and Stock Specific ( SSS ):--

All the major sectors good stocks looks good

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 28th april  2023

Hi

Good Morning

Today we saw that the Nifty touched the 17800 and holds this level and sustain above this and then triggers the short covering and as expected and market hits the level near 17950 as expected

Now when we reach this level and the monthly expire is over and we have new series so we will find out some new upper and lower levels of the stocks because of roll overs 

Now the US market are in positive as the Nasdaq hits 2% jump.

The INDIAVIX is good

The SGXNIFTY is in positive crosses 18K

Now we talk about the Nifty and Banknifty:--

Nifty:--

The support is at 17777 which is a good  support and the market is at 17900 so the one buys at lower levels may try to book profits as we have Friday factor and the gapup opening and index might lets up on indicator 

Banknifty:--

The Support is at 42500 and the resistance is at 43090-43250 as it also gets above on my charts so the consolidation and some points profit booking is must

Sector and Stock Specific ( SSS ):--

The consumption and the auto will be in watch along with IT as Nasdaq jumps

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