Hi Good Morning
Yesterday market give the good upside n the closing as the buying on dips is advisable and hits the perfect resistance of 18150 For today the buying on dips is also advisable because the volume in the market is low as compare to normal day and that's why the Dow's consolidated yesterday and closed flattish The Nasdaq is down more than it so avoid for the It for now but is is at its support so buying for long term is initiated if any one interested in tranches
the SGXNIFTY is showing the gapdown opening which is good for the market
Now we talk about the nifty and Banknifty
Nifty:--
The support is at 17975-18025 levels with the resistance is at 18177-18252 if cleared the yesterdays high by sustaining above it
Banknifty:--
The support is at 42400-42500 with the resistance is at 43050-43300-43650
Sector and Stocks:--
The sector which is looking good is Banks , energy ,metal , PSU Railway, auto, capitalgoods
Sector leaders is all these sectors are god as a stock for chasing the momentum
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 give the good upside n the closing as the buying on dips is advisable and hits the perfect resistance of 18150 For today the buying on dips is also advisable because the volume in the market is low as compare to normal day and that's why the Dow's consolidated yesterday and closed flattish The Nasdaq is down more than it so avoid for the It for now but is is at its support so buying for long term is initiated if any one interested in tranches
the SGXNIFTY is showing the gapdown opening which is good for the market
Now we talk about the nifty and Banknifty
Nifty:--
The support is at 17975-18025 levels with the resistance is at 18177-18252 if cleared the yesterdays high by sustaining above it
Banknifty:--
The support is at 42400-42500 with the resistance is at 43050-43300-43650
Sector and Stocks:--
The sector which is looking good is Banks , energy ,metal , PSU Railway, auto, capitalgoods
Sector leaders is all these sectors are god as a stock for chasing the momentum
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
