Intraday study for Indian indices for 1st December 2022
Hi Good Morning
Yesterday we saw that the as the level of 18720 cut by the market and start trading above that level the market give the sharp upmove towards the level of 18808 and the market closed at 18777 around
and later the day the SGXNIFTY hit the level of 19K and after the FED chairperson Speech and indication of not to do the rate hikes more aggressively the US market gives the huge upmove the Dow's closes 700++ in positive the Nasdaq give closes above 4% and Now SGX is indicating Gapup opening
Now we talk about the Nifty and bank nifty
Nifty:---
The nifty closes above our resistances level and shifted its base from 18550 to 18650-18700 is the strong base with the most important support of 18500 wit the resistance of 19000-19050 which has the huge oi buildup for the series
Banknifty:---
The banknify support is at 4800-43100 with the resistance of 43800 and the 43300 is also act as support from now and the resistance is at 44110 which is the biggest range of the market
The market looks overbought now so timely book profit we may saw a correction in near term or the consolidation in the range
The sector and stocks:---
The CNXIT LOOKS GOOD ALONG WITH BANKS PSU FERTILIZER AUTO MEDIA CEMENT CAPITAL GOOD TELECOM FERTILIZERS
stocks belongs to the respective sector looks good
look at the midcap for near term
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
Yesterday we saw that the as the level of 18720 cut by the market and start trading above that level the market give the sharp upmove towards the level of 18808 and the market closed at 18777 around
and later the day the SGXNIFTY hit the level of 19K and after the FED chairperson Speech and indication of not to do the rate hikes more aggressively the US market gives the huge upmove the Dow's closes 700++ in positive the Nasdaq give closes above 4% and Now SGX is indicating Gapup opening
Now we talk about the Nifty and bank nifty
Nifty:---
The nifty closes above our resistances level and shifted its base from 18550 to 18650-18700 is the strong base with the most important support of 18500 wit the resistance of 19000-19050 which has the huge oi buildup for the series
Banknifty:---
The banknify support is at 4800-43100 with the resistance of 43800 and the 43300 is also act as support from now and the resistance is at 44110 which is the biggest range of the market
The market looks overbought now so timely book profit we may saw a correction in near term or the consolidation in the range
The sector and stocks:---
The CNXIT LOOKS GOOD ALONG WITH BANKS PSU FERTILIZER AUTO MEDIA CEMENT CAPITAL GOOD TELECOM FERTILIZERS
stocks belongs to the respective sector looks good
look at the midcap for near term
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
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