Intraday study for Indian indices for 24th February 2023
Hi
Good Morning
yesterday we saw that the expire also is in the range we get swings of both the sides but touched the level of 17450 as the base of expire is placed there and the upper side the day before yesterday's VWAP 17620 near about
As we saw a clear breakdown of that given small range and the support is placed around 200DMA
The Dow's consolidation within range and closes in green
As our INDIAVIX is keep rising and we are near 15 till 17-18 it is comfortable we get swings of both sides
The SGXNIFTY indicate the gapup opening
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is placed at 17350 which is the 200DMA with the resistance of 17717 as today is the Friday this is the big range
Banknifty:--
The support is at 40000-39650 with the resistance of 40500-40750 will revised the level if broken buy a day before yesterday's VWAP is important
Sector and Stock Specific ( SSS ):--
As the Friday factor in play we saw a positive to flat session consolidate in a range cannot suggest the buy in this market for some time as i saw the huge negative crossover in major names also.
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
Good Morning
yesterday we saw that the expire also is in the range we get swings of both the sides but touched the level of 17450 as the base of expire is placed there and the upper side the day before yesterday's VWAP 17620 near about
As we saw a clear breakdown of that given small range and the support is placed around 200DMA
The Dow's consolidation within range and closes in green
As our INDIAVIX is keep rising and we are near 15 till 17-18 it is comfortable we get swings of both sides
The SGXNIFTY indicate the gapup opening
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is placed at 17350 which is the 200DMA with the resistance of 17717 as today is the Friday this is the big range
Banknifty:--
The support is at 40000-39650 with the resistance of 40500-40750 will revised the level if broken buy a day before yesterday's VWAP is important
Sector and Stock Specific ( SSS ):--
As the Friday factor in play we saw a positive to flat session consolidate in a range cannot suggest the buy in this market for some time as i saw the huge negative crossover in major names also.
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
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