Intraday study for Indian indices for 23rd November 2022

 Hi God Morning

we saw a good bounce in yesterday session from our given support region and we give a close in higher region about 120 ++ points up from our support zone and also we saw a recovery in CNXIT also 300 points from indicated levels and 200 points from the convection crossing levels and also the Dow's give the recovery and close above 34000 and Nasdaq support the 11000 levels and give close above 11131 levels and Now the SGXNIFTY indicating of Gapup opening So the convection of going long works well

Now we talk about the Nifty and Banknifty

Nifty:----

the support levels is at 18175-18225 it acts as strong support and also the strong call writer resistance is at 18300 but in gap up opening we may open above that level So they get trap and have to cover their position and we will see a short covering in the market towards 18400-18425 and higher level is that 18477

Bnaknifty:---

the support of banknifty is at 42100-42300 and the resistance is at 42800-42950

Now the stocks and sector specific:---

As i mention the short covering comes in the market then the performing stocks are which who witness the short buildup so the stocks are

INDIACEM , ULTRACEMCO , INUDUSBANK, BOB, KOTAK, BANDHANBANK, AXISBANK , ICICI, BHEL , VOLTAS, L&T, INFY , HCLTECH , TECHM

Sectors:---

CEMENT, FMCG , IT, BANKS, PSUBANKS, PVTBANKS, FINANCE, MEDIA, FERTILIZER, CAPITALGOOD ALL WILL SHOW SHORT COVERING IN THE SESSION


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 SEBI Registered

Intraday study for Indian indices for 22 November 2022

 Hi Good Moring

yesterday the nifty witness the sell off sponsor by the CNXIT and Reliance along with the major stocks remains sideways with negative bias around 1% but we saw that the banks looks good and bank nifty holds the level and give support to the indices for further down move all this because the FED meeting minutes yet to come which is at 23 November in the global market there is a consolidation and the Nasdaq holds the level of 11000 and Dow's holds the level of 33500 and also all this happens because of the covid and restrictions from China. Now we talk about the Indian markets and stocks todays level

Nifty:---

Nifty looks good as it holds the support of 18050-18150 range given by me and it holds the upper band of the range yesterday and the SGXNIFTY is indicating the gapup the resistance is t 18250-18275-18325 range and support is as indicated

banknifty:---

the support is in the range of 41800-42200 rang and the 42200 is it self a strong support with the resistance of 42500-42800

the sector and the stocks is

PSUBANKS, FERTILIZERS, CAPITALGOODS , PHARMA , PVTBANKS, PSU , TELECOM, REALTY, CNXIT ALSO if recovery comes the huge upmove is given by IT stocks and banks on top

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 SEBI Registered

Nov 22

Comment: any who wants to looks for along trade apart from banks then CNXIT looks good if it gives 30 min candle closure above 29270

Nov 22

Comment: Data is positive in NIFTY one can go long in this at given levels

Nov 22

Comment: hope you are watching CNXIT 100 points ip from highlighted levels and closure to 29270

Nov 22

Comment: now see INFY and HCLTECH and other major it move

Nov 22

Comment: hope you all capture and enjoying

Intraday study for Indian indices for 21st November 2022

 

Hi Good Morning
On Friday we have seen a recovery from lower levels and the indices managed to its support level S2 and then back again at R1 and the same action was seen in Dow's and Nasdaq and today we are seeing that the China markets are falling and putting the pressure on all markets as covid concern in china and we may see a gapdown opening from where we may see a good recovery Now we talk about the nifty and the bank nifty

Nifty:---

the support is remains same 18200-18225 and 18050-18150 is the huge buying range from where we may see a huge upside bounce and the resistance is at 18425-81477-18525

bank nifty :--

bank nifty the support comes at 42100-41800 and the resistance comes at 42500-42800
keep follow the levels

Now the stock and sector specific the CNXIT , BANKS, FMCG ,CAPITAL GOODS LOOKS GOOD

THERE IS A SHORTING IN STOCKS WE MAY SE SHORT COVERING FOR HOLDS ALL THE LEVELS

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 SEBI Registered