Intraday study for Indian indices for 10 October 2022
Hi Good morning
we are seeing a consolidating session since Thursday and now today the SGX is indicating the big Gap Down opening as Dows falls with other major indices an global fall after we closed on Friday as i am indicating you that the data is formed negative on Friday but it is not that much negative to see such fall and the fall continue till 17139.95 and that has to be hold but may be we are opening below this level There is 1 highlighted for Indian indices and is that we are going into the results season and the Bandhan bank allowanced its result in which CASA is declined which triggers pressure in stock and the FTA between the UK and India is on hold which is not good news for the USL So the base of the USL is about 830-800 keep in radar
The 17000-17050 is the good support level which sponsor the bounce and the Rupee at all time high So it may trigger the bounce i IT sector The resistance of nifty is at 17315
and if we talk about the bank nifty 38500-38250 is the big range of support on bank nifty and the resistance range is at 39000-39300 Today i am giving you the range because we are opening in gap down after weekend
So please keep an eye on the supports and bounce back level i have highlighted all the stocks
keep follow rest i will update you at market time
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 SEBI Registered
we are seeing a consolidating session since Thursday and now today the SGX is indicating the big Gap Down opening as Dows falls with other major indices an global fall after we closed on Friday as i am indicating you that the data is formed negative on Friday but it is not that much negative to see such fall and the fall continue till 17139.95 and that has to be hold but may be we are opening below this level There is 1 highlighted for Indian indices and is that we are going into the results season and the Bandhan bank allowanced its result in which CASA is declined which triggers pressure in stock and the FTA between the UK and India is on hold which is not good news for the USL So the base of the USL is about 830-800 keep in radar
The 17000-17050 is the good support level which sponsor the bounce and the Rupee at all time high So it may trigger the bounce i IT sector The resistance of nifty is at 17315
and if we talk about the bank nifty 38500-38250 is the big range of support on bank nifty and the resistance range is at 39000-39300 Today i am giving you the range because we are opening in gap down after weekend
So please keep an eye on the supports and bounce back level i have highlighted all the stocks
keep follow rest i will update you at market time
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 SEBI Registered
Comment:
Refer the another view on INFY all the things are mentioned there
9 minutes ago
Comment: see after crossing 17139.95 level we reach 17265 spot not 17315
just now
Comment: see i wrote major banking i my view given on IT and INFY see the AXIS BANK and ICICI BANK