Hi good morning
the ques shows the bounce back and also we have a oversold market as per PCR data the nifty holds the good support level at 16975-17000 which is good support level i worked till late night for giving you the great view i have shorted some levels and the stocks as mentioned the upside of nifty is 1st resistance is 17257 be cautious now check the below mentioned studies
and the It keep in radar
Hdfc bank looks good as it takes support at the imp. level of 1425
bank nifty levels are 38129 38441 38315
bank of Baroda looks good
avoider kotak bank for now
jubilant food
as FMCG looks good
Asian paints
titan
Cummins
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
the ques shows the bounce back and also we have a oversold market as per PCR data the nifty holds the good support level at 16975-17000 which is good support level i worked till late night for giving you the great view i have shorted some levels and the stocks as mentioned the upside of nifty is 1st resistance is 17257 be cautious now check the below mentioned studies
and the It keep in radar
Hdfc bank looks good as it takes support at the imp. level of 1425
bank nifty levels are 38129 38441 38315
bank of Baroda looks good
avoider kotak bank for now
jubilant food
as FMCG looks good
Asian paints
titan
Cummins
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 USL open low.. need to keep in radarNote
Remember 1 thing in weak market we need to sell the weak stocks at upper levels to make moneyNote
see the FMCG indices and IT indices refer the yesterday study as the market recover these 2 are leaders FMCG 600++ up and It 300++upNote
broke its first support level after touching the 1st resistance major stocks in market did thatNote
I don't have the convection of going short at this level because the level of 16931 is that where we left the gap on 27-28 July and that is filled for nowNote
nifty bank is about 1500++ points above from the 27-28 July level the divergence.....Note
see the market turns from that level the convection of not getting short on that level around 140++
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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.