Intraday study for Indian indices for 23rd March 2023
Hi
Good Morning
Today we saw a range bound expire in which market opens gap down then moves up from support and then fall from resistances
The FED increases 25bps hike and now the Dow jones 250 points up
The SGXNIFTY is up
The VIX cools down
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is in rage as we have less contract data
Banknifty:--
Similar pattern follows by the banknifty and we have less data
Sector and Stock Specific ( SSS ):--
The FII short positions are highest so there may be a controlled fall and after that sudden bounce so be careful
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 a range bound expire in which market opens gap down then moves up from support and then fall from resistances
The FED increases 25bps hike and now the Dow jones 250 points up
The SGXNIFTY is up
The VIX cools down
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is in rage as we have less contract data
Banknifty:--
Similar pattern follows by the banknifty and we have less data
Sector and Stock Specific ( SSS ):--
The FII short positions are highest so there may be a controlled fall and after that sudden bounce so be careful
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.