Hi good morning
As we see yesterday the indices moves and closes above 17800 as they break our resistance level and give the candle closure above 17717 levels So for today the study is suggesting that the major support is shifted above and it is in the range of 17575-17625 because the major put writing seen on 17500 levels and it is also the psychological level but the major base is formed is of previous week expire and today we are entering in new expire so we don't have that much data but the 18000 levels is of Psychological level and nifty is giving signal of opening above 17900 so we have limited outside from that for intraday level any dip towards support and yesterdays Vwap is bouncing back level
the range of bank nifty is of 1000 points after yesterday breakout as the major call writing is at 41000-41500 so the resistance is around 41230 levels an support is at 40000 - 39870 levels
if we talk about stocks then IT , Banks and PSU Banks looking good Along with Realty sector and Cement Sector
May be the day belongs to Consolidation
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
Follow for more Thank you.....
As we see yesterday the indices moves and closes above 17800 as they break our resistance level and give the candle closure above 17717 levels So for today the study is suggesting that the major support is shifted above and it is in the range of 17575-17625 because the major put writing seen on 17500 levels and it is also the psychological level but the major base is formed is of previous week expire and today we are entering in new expire so we don't have that much data but the 18000 levels is of Psychological level and nifty is giving signal of opening above 17900 so we have limited outside from that for intraday level any dip towards support and yesterdays Vwap is bouncing back level
the range of bank nifty is of 1000 points after yesterday breakout as the major call writing is at 41000-41500 so the resistance is around 41230 levels an support is at 40000 - 39870 levels
if we talk about stocks then IT , Banks and PSU Banks looking good Along with Realty sector and Cement Sector
May be the day belongs to Consolidation
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
Follow for more Thank you.....
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.
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.