Hi Good Morning
yesterday banks moves up along with IT and Nifty concur the 20DMA with the help of all the sectors and market touched its resistances and today is the weekly expire of Nifty and Banknifty
The US market is again closes in red about the 600 points cuts in Dow's and 1% in Nasdaq
The SGXNIFTY is showing about flat to negative opening
The VIX Cools down Yesterday
Now we talk about the Nifty and Banknifty
Nifty:--
The support is at 17975-18025 with the resistance of 18177-18211 this is the expire range if short covering comes above 18225 we will see huge upmove
Banknifty:--
The support is at 42000-42200 with the resistance of 42650-42800--43100--41800 is the biggest range
Sector and Stock specific(SSS):--
The major sector with the leader looks good as you can see the railway sector and the L&T in capital goods give the 6% move in 2 days so as i told you that the budget related sector look good till budged look at the previous studies of mine
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
yesterday banks moves up along with IT and Nifty concur the 20DMA with the help of all the sectors and market touched its resistances and today is the weekly expire of Nifty and Banknifty
The US market is again closes in red about the 600 points cuts in Dow's and 1% in Nasdaq
The SGXNIFTY is showing about flat to negative opening
The VIX Cools down Yesterday
Now we talk about the Nifty and Banknifty
Nifty:--
The support is at 17975-18025 with the resistance of 18177-18211 this is the expire range if short covering comes above 18225 we will see huge upmove
Banknifty:--
The support is at 42000-42200 with the resistance of 42650-42800--43100--41800 is the biggest range
Sector and Stock specific(SSS):--
The major sector with the leader looks good as you can see the railway sector and the L&T in capital goods give the 6% move in 2 days so as i told you that the budget related sector look good till budged look at the previous studies of mine
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
