Harshit_Saxena

Intraday study for Indian indices for 18th January 2023

Long
NSE:NIFTY   Nifty 50 Index
Hi Good Morning

Yesterday was the high volatility as mentioned and the whole day belongs like this and the end of the day belongs to the short covering from the FINNIFTY
The US market was also in consolidation and there is a divergence in Nasdaq and Dow's as Dow was down about the 390 points and the Nasdaq was up and ended in green
The SGXNIFTY indicated the flattish opening
The INDIAVIX cool down
Now we talk about the Nifty and Banknifty

Nifty:--
The support is around the 17950-18000 and the bigger range is 17777-18825---18050-18177 is the resistance

Banknifty:--
The support is at 41800-42000 with the resistance of 42450-42650-42800

Sector and Stock Specific(SSS):--
The major sector and the budget related themes will run fast as the L&T from capital goods from yesterday as i mentioned in my previous studies so be with the leaders of the sectors and ready for budget

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

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