Intraday study for Indian indices for 22 December 2022

Intraday study for Indian indices for 22 December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
yesterday the market fall from the resistance zone of 18511 and the Nifty tested its 50DMA and the banknifty also falls and sponsored it as the CNXIT was stable yesterday and closes in green
Despite of negative data from the morning the News come of Covid and market shows the sudden fall
The US market shows the pullback from the lower end and closes at high and also the Nasdaq jumps this leads the momentum in the It Stocks The SGXNIFTY indicating the Gapup of 80 points
Now we talk about the Nifty and Banknifty

Nifty:---
The support is at 18100-18150 range with the resistance of 18300-18350-18450

Banknifty:---
The support is at 42300-42500 with the resistance of 43000-43100-43300

Today is the weekly expire of the Indices So once the range is broken any side the huge move will come but there is a limited downside

Socks and Sector:---
The AUTO,IT, PHARMA , BANKS LOOKS GOOD THE MAJOR NAMES IN THE SECTOR

THE BUYING ON DIPS IS advisable leads the 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 21 December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
from yesterday i got stuck in some very bad work in a very bad place which directly effect me meatily and physically also didn't have much time to do the major analysis
but the bases are

Nifty:--
The support is 18200-18275 with the resistance of 18467-18511
Banknifty:--
The support is at 43100-42800 and the resistance is at 43500

the current selling is due to the covid will old the base of 18150 in Nifty and 42500-42300 of Banknifty

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 20th December 2022

 

Intraday study for Indian indices for 20th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
Yesterday the market give the upmove from he base level and reaches to the resistance levels and closed but then as the US market opens up the Nasdaq shows the Deep cuts and also the Dow's Shows the Half% cut and the SGXNIFTY is indicating the Gapdown opening around 80-100 points
The action From the Global market is missing because of the Yearend and merry Christmas holiday so they are in holiday mood and Not actively participate
Now we talk about the Nifty and Banknifty

Nifty:--
The base is at 18225-18275 with the resistance of 18425-18461-18511

Banknifty:--
The base is at 43100-43300 with the resistance is at 43500-43650-43800

Sector and Stocks:--
AUTO, PVTBANKS, PSUBANKS, CAPITALGOOD, TELECOM, FINANCE, HDFCBANK , HDFC , AXISBANK , L&T, INDUSILBANK, CEAT, M&M

Today is the weekly expire of FINNIFTY so the day may be consolidate as the major finance name is in it and the closing led the move


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