Hi Good Morning
Yesterday we go correct as we discussed the market on the basis of the data and the chart structure simultaneously and the VWAP And ATP give's the important reading while i am giving you the update and we saw the up move and not only the upmove after the 11AM comment after that when i update you that i am seeing the 600 points upside then the market achieve that too you can check it in the charts.
The US market is at their support and give the bounce from that level Nasdaq bounces 1% higher than the DOW's so the IT is in focus today.
The SGXNIFTY is showing the gapup. The market may consolidate and then give the move because of the low volume.
Now we talk about the Nifty And Banknifty
Nifty:--
The well placed support is at 17975-18025 with the resistance of 18275-18311-18357 i am not taking too much of the any side move because of the yesterdays rally and the low volume
Banknifty:--
The support is at 42500-42650 with the resistance is at 43650-43800
Sector and Stocks:--
The major sector looks good as banks, auto, energy capital goods along the stocks are sector leaders keep an eye on HDFC bank i am bullish on it as i am seeing the Flag formation in it for the big rally and other major stocks you can see in previous studies
Buying on dips is advisable
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 go correct as we discussed the market on the basis of the data and the chart structure simultaneously and the VWAP And ATP give's the important reading while i am giving you the update and we saw the up move and not only the upmove after the 11AM comment after that when i update you that i am seeing the 600 points upside then the market achieve that too you can check it in the charts.
The US market is at their support and give the bounce from that level Nasdaq bounces 1% higher than the DOW's so the IT is in focus today.
The SGXNIFTY is showing the gapup. The market may consolidate and then give the move because of the low volume.
Now we talk about the Nifty And Banknifty
Nifty:--
The well placed support is at 17975-18025 with the resistance of 18275-18311-18357 i am not taking too much of the any side move because of the yesterdays rally and the low volume
Banknifty:--
The support is at 42500-42650 with the resistance is at 43650-43800
Sector and Stocks:--
The major sector looks good as banks, auto, energy capital goods along the stocks are sector leaders keep an eye on HDFC bank i am bullish on it as i am seeing the Flag formation in it for the big rally and other major stocks you can see in previous studies
Buying on dips is advisable
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
