Hi god morning
As wee see yesterday the market didn't holds our derived levels and we see a massive breakdown in the indices and both the indices closes at days low which is near 16800 but the nifty has surrender its 200DMA and that act as a resistance for nifty and the bank nifty didn't touch its 200 DAM so it may tested that
note we have a event that is why i am not mentioning levels but if the nifty holds 16700 any time at policy then we see a technical pull back in the market near 17000
the support level for bank nifty is 37239.05
so be carefully watch the levels and support ,e by following
the CRR has to be reduce in the policy to maintain the liquidity or cash flow in the system
rest i will update at the time market giving some sign of strength or weakness or any stock which has to be highlighted
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
As wee see yesterday the market didn't holds our derived levels and we see a massive breakdown in the indices and both the indices closes at days low which is near 16800 but the nifty has surrender its 200DMA and that act as a resistance for nifty and the bank nifty didn't touch its 200 DAM so it may tested that
note we have a event that is why i am not mentioning levels but if the nifty holds 16700 any time at policy then we see a technical pull back in the market near 17000
the support level for bank nifty is 37239.05
so be carefully watch the levels and support ,e by following
the CRR has to be reduce in the policy to maintain the liquidity or cash flow in the system
rest i will update at the time market giving some sign of strength or weakness or any stock which has to be highlighted
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
INFY gone to its over sold zone any time comes up with breakoutPS:- i have my personal position in it as options
Note
see indicating level is 1380Note
all the data turns nearly positive for now may see profit booking at psychological level but there are many short positions banks and indices which take it to flying highNote
see INFY 7 rupee up the event is over now we can see a good up move from now due to short covering but strictly follow stop loss and Risk managementNote
Now more upside in INFY FUT and HCL tech and Axis HDFC and PSU banks Watch the up move as a positive crossover at my indicatorsNote
If INFY crosses and sustain above 1412 then we see the levels of 1460I have the 1460 CE of INFY if anybody wants to look that trading 23
Note
i am little busy to update you this is why i haven't give you the levels of shorting today only highlighted bounce back level see the up move after the event we are near at our 1st resistance if then clear then we will see more upside the level of shorts refer yesterday study
Note
see that cross and INFY data i indicated at that time we haven't seen the downside in INFYNote
that CE 30Note
38800 Banknifty
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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.