Hi Good Morning
Yesterday the market give the upmove from he base level and reaches to the resistance levels and closed but then as the US market opens up the Nasdaq shows the Deep cuts and also the Dow's Shows the Half% cut and the SGXNIFTY is indicating the Gapdown opening around 80-100 points
The action From the Global market is missing because of the Yearend and merry Christmas holiday so they are in holiday mood and Not actively participate
Now we talk about the Nifty and Banknifty
Nifty:--
The base is at 18225-18275 with the resistance of 18425-18461-18511
Banknifty:--
The base is at 43100-43300 with the resistance is at 43500-43650-43800
Sector and Stocks:--
AUTO, PVTBANKS, PSUBANKS, CAPITALGOOD, TELECOM, FINANCE, HDFCBANK, HDFC, AXISBANK, L&T, INDUSILBANK, CEAT, M&M
Today is the weekly expire of FINNIFTY so the day may be consolidate as the major finance name is in it and the closing led the 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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered
Yesterday the market give the upmove from he base level and reaches to the resistance levels and closed but then as the US market opens up the Nasdaq shows the Deep cuts and also the Dow's Shows the Half% cut and the SGXNIFTY is indicating the Gapdown opening around 80-100 points
The action From the Global market is missing because of the Yearend and merry Christmas holiday so they are in holiday mood and Not actively participate
Now we talk about the Nifty and Banknifty
Nifty:--
The base is at 18225-18275 with the resistance of 18425-18461-18511
Banknifty:--
The base is at 43100-43300 with the resistance is at 43500-43650-43800
Sector and Stocks:--
AUTO, PVTBANKS, PSUBANKS, CAPITALGOOD, TELECOM, FINANCE, HDFCBANK, HDFC, AXISBANK, L&T, INDUSILBANK, CEAT, M&M
Today is the weekly expire of FINNIFTY so the day may be consolidate as the major finance name is in it and the closing led the 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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered
Note
the news of interest rate hike from bank of japan came and the market react
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Disclaimer
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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.