Hi
Good Morning
Yesterday the Indices hits the high which is the discussed resistance of the market since 3 days and then consolidate the whole day in the given range with the support of 17717 in Nifty
The inflation data is highest in 3 months and there is a possibility of the April rates hike or the RBI hike the rates in Feb. by seeing this also
The US market jumps more than 1% yesterday and closed above 10DMA (Nasdaq)
The INDIA VIX remains same and at 13 range
Now we talk about the NIFTY and BANKNIFTY:--
The range is also the same no change in data but the yesterdays high is very important
if crosses then short covering comes in the market as today is the FINNIFTY EXPIRE
Sector and Stock specific(SSS):--
The IT and Banks are in watch list today as the Nasdaq 10 DMA reconquer and the FINNIFTY Weekly Expire
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 the Indices hits the high which is the discussed resistance of the market since 3 days and then consolidate the whole day in the given range with the support of 17717 in Nifty
The inflation data is highest in 3 months and there is a possibility of the April rates hike or the RBI hike the rates in Feb. by seeing this also
The US market jumps more than 1% yesterday and closed above 10DMA (Nasdaq)
The INDIA VIX remains same and at 13 range
Now we talk about the NIFTY and BANKNIFTY:--
The range is also the same no change in data but the yesterdays high is very important
if crosses then short covering comes in the market as today is the FINNIFTY EXPIRE
Sector and Stock specific(SSS):--
The IT and Banks are in watch list today as the Nasdaq 10 DMA reconquer and the FINNIFTY Weekly Expire
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
