Indian indices for 12th January 2023

Intraday study for Indian indices for 12th January 2023 by Harshit_Saxena on TradingView.com

Hi Good Morning

yesterday we saw a consolidative session within the range of 1st support and resistance and today is the weekly expire of the indices so may be the today is also the consolidative day as the support and resistances are unchanged but the data changes and based on that we will discuss the levels also tow big tech companies having results today
The US market are up because of the inflation data news and ends higher and the Nasdaq jumps around 1.8% The SGXNIFTY is showing the opening about 16 Points positive to flat

Now we talk about the Nifty and Banknifty

Nifty:--

The support is placed around the 17800-17777-17717 with the resistance of 18000-18050-18100

Banknifty:--

The support is placed around the 41800-41500 with the resistance of 42300-42650-42800

Sector and Stock Specific( SSS ):--

The Banks looks good as they are correcting before the results so look good for accumulation and also the data wise the banknifty is closed above 42000 so it is better placed and also the railway, capital goods along the major sector with the leaders look 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

Indian indices for 11th January 2023

Intraday study for Indian indices for 11th January 2023 by Harshit_Saxena on TradingView.com

Hi Good Morning

Yesterday market again touched its base and then bounces back and may be the indices going to touched the breakout level of 17777 and the worst is it goes towards the 17500 Around the 200DMA which is the major support of the rally, and it has the strong bounce
The US market closes in positive yesterday because of the statement of FED chairman And or that the IT may be positive
The SGXNIFTY is indicating the opening as flat

Now we talk about the Nifty and Banknifty

Nifty:--

The support of nifty is at 17777-17850 which is the low of past two down move and the ultimate support is at 17500

Banknifty:--

The support id at 41800-41650-41300 these are the level of heavy support and the 5%-7% correction of the rally

Sector and Stock Specific ( SSS ):--

As the indices breaking the major levels because of the huge selling of FII the market discounts before the budget and the results and then the stocks looks good for the short term and try to watch them at the mentioned level of indices the view is up after the correction which is time and price correction

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 10th January 2023

Intraday study for Indian indices for 10th January 2023 by Harshit_Saxena on TradingView.com

Hi Good Morning
Yesterday market touched the level of 18141 and then come down and in the closing session upmove the market couldn't touched the day's high
The Dow's open around 250 points up but then come down and closed in negative and this is typical behavior of market as it goes up on Friday and then up on Monday morning to trap the longs and then goes down---Bear market
The SGNIFTY is up by at night but now showing the gap down

Now we talk about the Nifty and Banknifty

Nifty:--

The support is around the 17950-18025 and the 2nd base is at 17885 and the 200 DMA is around the 17500 with the resistance of 18100-18171

Banknifty:--

The support is at 42300-42100-41800 with the resistance of 42650-42800-43100

Sector and Stock Specific( SSS ):--

The major sectors look good for the short term as we are going on buying on dips approach and then we will see a huge bounce we are mentioning the sector and stocks continuously

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