Intraday study for Indian indices for 7th November 2022
Diupdate
Hi Good Morning
today is Monday the new week and the trend we see in previous week is that once concurred the 18000 we hold that with full convection and have our strong base at 18000-18050 and the 2nd is near 17950-17875 and in between then and after breaking this level we may see the 17800 but this didn't happen and we see that the we give reversal from the support
Now the global markets are in good mood the VIX on US is down continuously and on the Friday we see the good reversal from the weekly time frame charts to the upside and that is much needed correction after that big rally now we are seeing that the SGX is showing the opening towards the 18300 levels
And if we talk about the support and the resistances then in nifty the 18075-18100 act as good support as we are seeing the opening is not that huge and the resistance is at 18311
in bank nifty after clearing the 41800 the 42100 and the 42300 is the resistance with the support range of 41300-41500
Now if we talk about the sector and the stocks then the #metals #cements #fertilizers #auto #banks #pharma #IT #finance
And the stocks are #TCS #wipro #HCLTECH #INFY #TECHM #SBIN #AXISBANK #BAJAJFIN
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
today is Monday the new week and the trend we see in previous week is that once concurred the 18000 we hold that with full convection and have our strong base at 18000-18050 and the 2nd is near 17950-17875 and in between then and after breaking this level we may see the 17800 but this didn't happen and we see that the we give reversal from the support
Now the global markets are in good mood the VIX on US is down continuously and on the Friday we see the good reversal from the weekly time frame charts to the upside and that is much needed correction after that big rally now we are seeing that the SGX is showing the opening towards the 18300 levels
And if we talk about the support and the resistances then in nifty the 18075-18100 act as good support as we are seeing the opening is not that huge and the resistance is at 18311
in bank nifty after clearing the 41800 the 42100 and the 42300 is the resistance with the support range of 41300-41500
Now if we talk about the sector and the stocks then the #metals #cements #fertilizers #auto #banks #pharma #IT #finance
And the stocks are #TCS #wipro #HCLTECH #INFY #TECHM #SBIN #AXISBANK #BAJAJFIN
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
Catatan
see the reversal of CNXIT from lower level which helps nifty to come up and the nifty bonces from our level in both spot and futures
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