Hi
Good Morning
Yesterday we saw that the market touches the level of 17300 which is near our level of 17350 and then short covering triggers as mentioned and closes at days high and the banks are strong than others as mentioned
The US market as have a bounce back but didn't sustain on too high level and closes in positive
The SGXNIFTY showing the flat opening
The INDIAVIX is around the 13
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support of Nifty is at 17325-17350-17139.5 with the resistance of 17471-17550-17625
Banknifty:--
The support of Banknifty is at 39800-40100-39400 with the resistance of 40550-40850-41025
Sector and Stock Specific ( SSS ):--
The Major indices heavy weight looks good as all are in their support levels as today is the weekly expire of FINNIFTY so may be the major day belongs to consolidation
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 that the market touches the level of 17300 which is near our level of 17350 and then short covering triggers as mentioned and closes at days high and the banks are strong than others as mentioned
The US market as have a bounce back but didn't sustain on too high level and closes in positive
The SGXNIFTY showing the flat opening
The INDIAVIX is around the 13
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support of Nifty is at 17325-17350-17139.5 with the resistance of 17471-17550-17625
Banknifty:--
The support of Banknifty is at 39800-40100-39400 with the resistance of 40550-40850-41025
Sector and Stock Specific ( SSS ):--
The Major indices heavy weight looks good as all are in their support levels as today is the weekly expire of FINNIFTY so may be the major day belongs to consolidation
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
