Hi Good Morning
Yesterday we saw the selling in the indices after breaking the base we saw a swift down move in the indices and the major stocks hope you were safe and the approach of buying on dips is also correct and we closed above our bases in both the indices
The US market was correct last night more then a percent and the SGNIFTY is showing the Flat to negative opening the major base is remain unchanged
Now we talk about the NIFTY And Banknifty
Nifty:--
The support is at 17777 which is the major support any dips towards this level are buyable for short term as we are entering in result season the intraday levels 17950-17975 is the support with the resistance of 18100-18177 and rest levels remains unchanged
Banknifty:--
The support is at 42100-42300 and the major level is 41800 any dips towards these levels are buyable with the resistance of 42800-43000-43125
Sector and Stock Specific (SSS):--
The major sector with the corrected leaders are looking good for the positional and short term as we are heading towards the result season with the consolidation position and after cooling from upper levels a minor positive results will take the stocks to the 4-5 % 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
Yesterday we saw the selling in the indices after breaking the base we saw a swift down move in the indices and the major stocks hope you were safe and the approach of buying on dips is also correct and we closed above our bases in both the indices
The US market was correct last night more then a percent and the SGNIFTY is showing the Flat to negative opening the major base is remain unchanged
Now we talk about the NIFTY And Banknifty
Nifty:--
The support is at 17777 which is the major support any dips towards this level are buyable for short term as we are entering in result season the intraday levels 17950-17975 is the support with the resistance of 18100-18177 and rest levels remains unchanged
Banknifty:--
The support is at 42100-42300 and the major level is 41800 any dips towards these levels are buyable with the resistance of 42800-43000-43125
Sector and Stock Specific (SSS):--
The major sector with the corrected leaders are looking good for the positional and short term as we are heading towards the result season with the consolidation position and after cooling from upper levels a minor positive results will take the stocks to the 4-5 % 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
