Intraday study for Indian indices for 20th April 2023
Hi
Good Morning
As we have a weekly expire today and we witnessed a very low range session yesterday which is a typical a day before expire session today we as saw a session with in a range
The US market closes around flat so we don't have a big ques
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 17535-17495 with the resistance of 17717-17777
Banknifty:--
The support is at 42100-41850 with the resistance of 42450-42650
Sector and Stock Specific ( SSS ):--
As today has the expire then we saw a up and down move in major stocks enter at right time don't buy at high prices and as expire options trade only after 2PM because of time value erosion
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
As we have a weekly expire today and we witnessed a very low range session yesterday which is a typical a day before expire session today we as saw a session with in a range
The US market closes around flat so we don't have a big ques
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 17535-17495 with the resistance of 17717-17777
Banknifty:--
The support is at 42100-41850 with the resistance of 42450-42650
Sector and Stock Specific ( SSS ):--
As today has the expire then we saw a up and down move in major stocks enter at right time don't buy at high prices and as expire options trade only after 2PM because of time value erosion
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
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.