Intraday study for Indian indices for 27th April 2023
Hi
Good Morning
today we saw that the Nifty touched the 17800 and holds this level closes above this but failed to cross the 17825 which is our target
Now when we reach this level and we have the expire tomorrow then we will find out some new upper and lower levels
Now the US market are in positive as the Nasdaq hits 1% jump
The INDIAVIX is good
The SGXNIFTY is in positive
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 17700 which is a good put support and the market is at 17800 so the CE writer is trap so the gap up opening may give the profit booking and the whole day consolidation
The resistance is at 17950 about
Banknifty:--
The Support is at 42500 and the resistance is at 43090-43250
Sector and Stock Specific ( SSS ):--
The consumption and the auto will be in watch along with IT
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
today we saw that the Nifty touched the 17800 and holds this level closes above this but failed to cross the 17825 which is our target
Now when we reach this level and we have the expire tomorrow then we will find out some new upper and lower levels
Now the US market are in positive as the Nasdaq hits 1% jump
The INDIAVIX is good
The SGXNIFTY is in positive
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 17700 which is a good put support and the market is at 17800 so the CE writer is trap so the gap up opening may give the profit booking and the whole day consolidation
The resistance is at 17950 about
Banknifty:--
The Support is at 42500 and the resistance is at 43090-43250
Sector and Stock Specific ( SSS ):--
The consumption and the auto will be in watch along with IT
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
Disclaimer
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