Hi Good Morning
as we see market gives a great bounce from the days low which is our majore support level so the trend is up until we hold that levlel which is 17775-17825 there is a strong support level and we may see a strong bounce back from here so here comes the upside level which is 18177 which is thw mojor resistance of the nifty
If we talk about today then today is thrusday a weekly expire of nifty and as we see the trend of nifty weekly expire there is a upmove in opeanig because of new long and then we see the indices goes onto the consolidation and then we see a short covering move in closig session
So this is is the overall trend of the indices at the day of expire so we may break the 18000 levels in intraday but there is almost equal call&put at 18000 so it is the major tussel zone
If we talk about nifty bank then 4100 is a resistance zone above which we may see a upmove twards 42177 the well organised support is placesd at 41000-40800 levels
if we talk about sector specific then we see a FMCG , Cement , Bank nifty ,PSU Bank , Media , Energy , Capital good looks good
See my previous article for stock specific and follow for more updates as i will update in intraday move
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
as we see market gives a great bounce from the days low which is our majore support level so the trend is up until we hold that levlel which is 17775-17825 there is a strong support level and we may see a strong bounce back from here so here comes the upside level which is 18177 which is thw mojor resistance of the nifty
If we talk about today then today is thrusday a weekly expire of nifty and as we see the trend of nifty weekly expire there is a upmove in opeanig because of new long and then we see the indices goes onto the consolidation and then we see a short covering move in closig session
So this is is the overall trend of the indices at the day of expire so we may break the 18000 levels in intraday but there is almost equal call&put at 18000 so it is the major tussel zone
If we talk about nifty bank then 4100 is a resistance zone above which we may see a upmove twards 42177 the well organised support is placesd at 41000-40800 levels
if we talk about sector specific then we see a FMCG , Cement , Bank nifty ,PSU Bank , Media , Energy , Capital good looks good
See my previous article for stock specific and follow for more updates as i will update in intraday move
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
Note
that is 41800 which is wrong written there as 4100Note
as of now the data looks weak may see some slide in indicesNote
be ready for USL for 2 days moveNote
see the charts of USL from our commenting time to now 14:39Note
see in green calls near day's highNote
if we break days in any of options like 850 or at futures level then it is confirmation of another breakout and then get ready for tomorrow this is the stock which goes towards 910
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.