Hi
Good Morning
Yesterday we saw a good expire move in banknifty and Nifty and they both touched their higher levels after touching their support and try to give the breakout The HDFC BANK gives the close above the 1650 again and the INFY also shows the close above the resistance level
But yesterday the US market fall and we are seeing the SGXNIFTY is showing the gap down of around 100 points so we have the same range again
The India VIX is stable again so the range is defined of 150 points
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is around the level of 17775-17550-17811 with the resistance of 17888-17940-18025
Banknifty:--
The support is around the level of 41300-41200-41250 with the resistance of 41650-41800-42100
Sector and Stock Specific(SSS):--
The IT May give some down move and the Banks and capital good FMCG looks good keep watching the FINNIFTY i have my personal position in it
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
Good Morning
Yesterday we saw a good expire move in banknifty and Nifty and they both touched their higher levels after touching their support and try to give the breakout The HDFC BANK gives the close above the 1650 again and the INFY also shows the close above the resistance level
But yesterday the US market fall and we are seeing the SGXNIFTY is showing the gap down of around 100 points so we have the same range again
The India VIX is stable again so the range is defined of 150 points
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is around the level of 17775-17550-17811 with the resistance of 17888-17940-18025
Banknifty:--
The support is around the level of 41300-41200-41250 with the resistance of 41650-41800-42100
Sector and Stock Specific(SSS):--
The IT May give some down move and the Banks and capital good FMCG looks good keep watching the FINNIFTY i have my personal position in it
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
