Intraday study for Indian indices for 27 October 2022

Hi Good morning

Let's get back to the market after the mid week off So from the global us that the market are strong but what we are seeing that the SGX nifty did not surpass the level of 17925 but we are opening at the level of 17771 which our nearest resistance level and we have a long from the level of 1750 se we have a decent profits and also we have a expire today so book profit at the opening and then if we get a dip towards the support then we have to go long for a bounce

the support and resistance levels are unchanged So refer the previous study for the levels

Also the levels of bank nifty are unchanged so refer previous the previous study i am mentioning the link in this

keep follow for the sector and stock specific and options trading pics Banks and It looks good for now and FMCG So keep sharing and following today is a Monthly expire so we may get the big options move for today indices expire keep follow for it

Thank you..

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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There is a dividend adjustment in INFY so keep looking at the Future for the levels

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So lets discuss that why we are open at so low even after the SGX is trading at the 17900 around levels so this is why because of the less volume and the participation of the FII is less and they are participate at the SGX So due to this fact we are not seeing e huge gap up in the normal market so, may be we see them at the 2nd half today around 2PM and then we will see a huge rally if we didn't broke the levels

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see if you book profit in opening and ten but the futures near the support level then there is a good trade as the data says it all and then we saw a consolidation neat the 17700 levels

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just pay attention here if we cant hold the 17700 -17735 for a half hour then we saw the levels of 17550 today as it leads the put short covering which leads the levels of 17550 at Nifty and also if we sustain at crosses 17750 then we say 17880 today for now the data is of consolidation but need to stay cautious If you take my opinion and you want to take the long trade the avoid till we Crosse the level of 17740

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you have about 20 points profit in Future of nifty better to exit till conformation of the level

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now the positive cross happens keep your eyes on the chats an trade

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broke days low stay cautious

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see that after touching the levels of our support 17650 then bounced from there that's why i am saying to stay out and be cautious

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now the data returns to positive typically consolidation move

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keep an eye on IT stocks for tomorrow

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the difference between you and me in the way of seeing the charts is that you see that the INFY is down to flat but for me its around 1% up+

Comment your views on this observation

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Cement, Realty, Cap goods, Auto, FMCG for tomorrow

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there are lots more for tomorrow but i am mentioning only there because less trade with more convection gives huge profits

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So lest close he terminal for the day you can follow me on MOJ application for more videos of explanation as @gwalior_shp_2804

Harshit_Saxena

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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.

Harshit_Saxena

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