Hi Good Morning
As we discussed yesterday that the nifty opens gap up ad sustain above our support levels and consolidating all day but not crosses our level which is 18177 and the Big gap down may seen today because of Global market but we still maintain our view that bounce near the dips which is near 17775-17825 levels which is the major support as per our pervious day view/study i will mention the link below
if we talk about sector/stock specific then bounce on the dips in FMCG , Bank , but may be the IT sector shows the big Gap down and should the bounce levels because overall market data is positive for nifty
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 discussed yesterday that the nifty opens gap up ad sustain above our support levels and consolidating all day but not crosses our level which is 18177 and the Big gap down may seen today because of Global market but we still maintain our view that bounce near the dips which is near 17775-17825 levels which is the major support as per our pervious day view/study i will mention the link below
if we talk about sector/stock specific then bounce on the dips in FMCG , Bank , but may be the IT sector shows the big Gap down and should the bounce levels because overall market data is positive for nifty
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
see bank nifty is in green and crosses 41000 and also even after he global market down we open the gap down and sustain and moves up and nifty holding 17900++ levels this is the power of data and analysiseven the cement stocks are among the top gainers and IT among the top losers
Note
now it is the turn of LT and nifty to be in positive nifty claims 18000++Note
Just look at USL and see the commentary of past 2 days 860++ from 800--Trade active
26Lakh++ calls short in USL i.e. McDowell-NNote
nifty in green and kotak bank and at days high
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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.