Intraday study for Indian indices for 23rd December 2022
Hi Good Morning
yesterday market broke support and reaches the level of 18050 and this is the most important support as the upper end of the range lies at this point and the banknifty fall too fast it is corrected almost 2000 points from the high
In the us market the market mall due to the fear of rate hikes as weak economic data but bounces from the support
The SGXNIFTY make the low around the 17950 which is the most important level for today
Now we talk about the Nifty and Banknifty
Nifty:--
The support is at 17950-18050 range with the resistance of 18244-18311
Banknifty:--
The support is at 41800-42200 range and the resistance is at 42650-42850 43000
Sector and Stocks:--
The bank, it, capgood looks good for the buying on dips don't go too aggressive
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 market broke support and reaches the level of 18050 and this is the most important support as the upper end of the range lies at this point and the banknifty fall too fast it is corrected almost 2000 points from the high
In the us market the market mall due to the fear of rate hikes as weak economic data but bounces from the support
The SGXNIFTY make the low around the 17950 which is the most important level for today
Now we talk about the Nifty and Banknifty
Nifty:--
The support is at 17950-18050 range with the resistance of 18244-18311
Banknifty:--
The support is at 41800-42200 range and the resistance is at 42650-42850 43000
Sector and Stocks:--
The bank, it, capgood looks good for the buying on dips don't go too aggressive
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
Comment:
note the levels nifty 18107 & banknifty 42350 for huge upside keep watch on these levels if crosses sustain and the closure of 15min candle
Comment:
bank nifty getting ready for the little upmove look sharply
