Nifty 50 IndexLong
Intraday study for Indian indices for 05th April 2023
Hi
Good Morning
Sorry for not being present since a week as my system is not with me so i am not able to cover the market but the market is in range which is fixed and shows the upmove on bot the Fridays as we discusses and fall on Monday as today is holiday so we have the weekly expire of FINNIFTY yesterday so we got the support and also the us market is moving up and up continuously and that's why we opens a gapup and crosses the resistance pf 17139 and then move up as this triggers short covering in big names and then on this Monday we saw a expire related consolidation
The India Vix is in good range
The Dow futures and the SGXNIFTY also give a positive close last night
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support levels are revised as the resistance becomes the support and the major support is 16773-17050-17139 will see the levels will hold this week as we have no negative news till no and we have a result season this month the resistance is 17528 as the weekly call oi is placed and the 17777 is our old resistance will come in play after crossing 17635
Banknifty:--
The Banknifty is in good shape as the big names comes above the Psychological levels and the support is at 40300-40500 with the resistance of 40850-41100-41300
Sector and Stock Specific ( SSS ):--
We have results this month and we saw a good correction and i am suggesting you to buy at lower levels may be we good good moves in them so book short term profit at that time
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
Will see you on Thursday as i am taking leave on that day
Good Morning
Sorry for not being present since a week as my system is not with me so i am not able to cover the market but the market is in range which is fixed and shows the upmove on bot the Fridays as we discusses and fall on Monday as today is holiday so we have the weekly expire of FINNIFTY yesterday so we got the support and also the us market is moving up and up continuously and that's why we opens a gapup and crosses the resistance pf 17139 and then move up as this triggers short covering in big names and then on this Monday we saw a expire related consolidation
The India Vix is in good range
The Dow futures and the SGXNIFTY also give a positive close last night
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support levels are revised as the resistance becomes the support and the major support is 16773-17050-17139 will see the levels will hold this week as we have no negative news till no and we have a result season this month the resistance is 17528 as the weekly call oi is placed and the 17777 is our old resistance will come in play after crossing 17635
Banknifty:--
The Banknifty is in good shape as the big names comes above the Psychological levels and the support is at 40300-40500 with the resistance of 40850-41100-41300
Sector and Stock Specific ( SSS ):--
We have results this month and we saw a good correction and i am suggesting you to buy at lower levels may be we good good moves in them so book short term profit at that time
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
Will see you on Thursday as i am taking leave on that day
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