Intraday study for Indian indices for 24th April 2023
Hi
Good Afternoon
I haven't update for Friday as we all know about the results of big name of industry is coming after the closing and before the opening so the market wait for the big ques and the results are better than expectations so the gapup may be seen
As the position of the indicators are not that bad so after the gap up it is advice to book profits
The US market is also waiting for the big names results this week so the volatility may seen in global front
The INDIAVIX is positioned good
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 17530-17495 with the resistance of 17717-17777-17825 big results may impact the range
Banknifty:--
the support is at 41800-42100 with the resistance of 42550-42650-42800
Sector and Stock Specific ( SSS ):--
the major names are looking good as we see good rally and it is advised to book profits after or before the results as we are already up many points
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 Afternoon
I haven't update for Friday as we all know about the results of big name of industry is coming after the closing and before the opening so the market wait for the big ques and the results are better than expectations so the gapup may be seen
As the position of the indicators are not that bad so after the gap up it is advice to book profits
The US market is also waiting for the big names results this week so the volatility may seen in global front
The INDIAVIX is positioned good
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 17530-17495 with the resistance of 17717-17777-17825 big results may impact the range
Banknifty:--
the support is at 41800-42100 with the resistance of 42550-42650-42800
Sector and Stock Specific ( SSS ):--
the major names are looking good as we see good rally and it is advised to book profits after or before the results as we are already up many points
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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