Nifty 50 IndexLong
Intraday study for Indian indices for 16th February 2023
Hi
Good Morning
yesterday we saw that the movement in the upward direction continues and we saw the level 18025 comes in the Nifty but the banknifty still in that range this is all because of the CNXIT and the Reliance
The US market closes in green from the deep red
The SGXNIFTY is showing the gapup as the yesterday's data is suggesting
The is near at 13 which is good
Our prediction on Tuesday looks good as we see the 18100 on Nifty
Now we talk about the Nifty and Banknifty:--
The levels for the banknifty is same but for nifty the support is at now 17950-18025 with the resistance of 18177-18225 and for the banknifty is 42100-42300-42500
as the data development from 3 days is good and we saw the FII buying figures since tis Friday so we can see the indices surpass this levels and we saw a good close as led by short covering
Sector and Stock specific( SSS ):--
The IT Banks and capital goods Oil sector looks good be with the leaders
will continue to see the levels for today and review then by seeing the Friday closing
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 movement in the upward direction continues and we saw the level 18025 comes in the Nifty but the banknifty still in that range this is all because of the CNXIT and the Reliance
The US market closes in green from the deep red
The SGXNIFTY is showing the gapup as the yesterday's data is suggesting
The is near at 13 which is good
Our prediction on Tuesday looks good as we see the 18100 on Nifty
Now we talk about the Nifty and Banknifty:--
The levels for the banknifty is same but for nifty the support is at now 17950-18025 with the resistance of 18177-18225 and for the banknifty is 42100-42300-42500
as the data development from 3 days is good and we saw the FII buying figures since tis Friday so we can see the indices surpass this levels and we saw a good close as led by short covering
Sector and Stock specific( SSS ):--
The IT Banks and capital goods Oil sector looks good be with the leaders
will continue to see the levels for today and review then by seeing the Friday closing
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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