Hi good Afternoon
Sorry for late updating
As we see yesterday that the market behave according to our study and even after the sudden down move in the ay time we closes near the days high
Now as we see that the global clues are better and we only just want them to be flat and we are good to up as we se today we open at 17568 and the we also made a high of 17606 with the support of 17535 so by this we suggest that the good support is placed at around 17450-17500 because of short covering we always hold this level and give up move near it in current expire and the resistance is placed at 17570-17625 with the ultimate resistance is at 17690 -17717 refer our previous studies when the indices lies in this range only
Now bank nifty give open at 40556 then made a high of 40643 with a low of 40270 so the support is at 39800-40100 and the resistance is at 40500-40800 this is the range for the day
By the time i am uploading the view the data is nifty is stronger then bank nifty which is slightly in negative in data side
See the more in HDFC the consolidation in CNXIT and the up move in Banks these are our preferred pic in previous session and maintaining my view and will update you if find any better position
trade in INFY CE with average we will surely hit 40+ in that CE If we close a 15 min candle in INFY At around 1780 in fut then confirm crosses over in charts for up move
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
Sorry for late updating
As we see yesterday that the market behave according to our study and even after the sudden down move in the ay time we closes near the days high
Now as we see that the global clues are better and we only just want them to be flat and we are good to up as we se today we open at 17568 and the we also made a high of 17606 with the support of 17535 so by this we suggest that the good support is placed at around 17450-17500 because of short covering we always hold this level and give up move near it in current expire and the resistance is placed at 17570-17625 with the ultimate resistance is at 17690 -17717 refer our previous studies when the indices lies in this range only
Now bank nifty give open at 40556 then made a high of 40643 with a low of 40270 so the support is at 39800-40100 and the resistance is at 40500-40800 this is the range for the day
By the time i am uploading the view the data is nifty is stronger then bank nifty which is slightly in negative in data side
See the more in HDFC the consolidation in CNXIT and the up move in Banks these are our preferred pic in previous session and maintaining my view and will update you if find any better position
trade in INFY CE with average we will surely hit 40+ in that CE If we close a 15 min candle in INFY At around 1780 in fut then confirm crosses over in charts for up move
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
hopefully i updated the levels at right time and saved you from going short see the up move from that level
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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.
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.