Hi Good Morning
Friday we have a good session and the closing is also good on futures we are above 186000 and on spot near about 18500 and the consolidative session in the global market as the Nasdaq down by half percent and Dow's is up and on the weekend news of china lockdown and the rapid increase in cases we are seeing a gapdown opening and it is good to buy the dips as we discussed below about the Nifty and Banknifty
Nifty:---
the support comes around the 18425-18475 and the resistance is at 18551-18577 on spot levels and the major support is 18300-18350
Banknifty:---
The support of Banknifty comes at 42800-42500 and the resistance is at 43100-43300-43500 above which also has the higher side
Sectors and Stocks for today as i am mentioning only few rest you can check the previous study
CNXIT, BANKS, FINANCE, FMCG, MIDDCAPIT, GODREJPROP, DLF, USL, NIIT, L&T ALL looks good along with some you can see from previous study
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
Friday we have a good session and the closing is also good on futures we are above 186000 and on spot near about 18500 and the consolidative session in the global market as the Nasdaq down by half percent and Dow's is up and on the weekend news of china lockdown and the rapid increase in cases we are seeing a gapdown opening and it is good to buy the dips as we discussed below about the Nifty and Banknifty
Nifty:---
the support comes around the 18425-18475 and the resistance is at 18551-18577 on spot levels and the major support is 18300-18350
Banknifty:---
The support of Banknifty comes at 42800-42500 and the resistance is at 43100-43300-43500 above which also has the higher side
Sectors and Stocks for today as i am mentioning only few rest you can check the previous study
CNXIT, BANKS, FINANCE, FMCG, MIDDCAPIT, GODREJPROP, DLF, USL, NIIT, L&T ALL looks good along with some you can see from previous study
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
see our view from the 18360 our strong base and the 18430 our 1st base both buying level and now in positive 18517.... enjoyNote
now the time for finnifty
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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.