Intraday study for Indian indices on 26 September 2022

Hi good morning

we don't have enough data for the day but the market looks week as we see the levels on Friday today we open at around 150+ points but if we talk about the Indian indices only then we are at support so may be we see a reversal from these levels we have surrender all the gains of the month but the Fmcg looks good because there are strong stocks but the market is down so they come dawn with it

i am not mentioning more for the day because in weekend we i am busy in designing new trading system lets check it today

stay updated i will update if found any good data

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

Commento:

17025 is the good support level if breaks then we see big break down if holds the we see a good bounce to exit from longs and short but if it takes support and bounce back then we see the FMCG is the 1st sector the be recovered and IT follows it because these 2 has the strength and come down with the market because of weakening of rupee makes more o\profit to IT results because the payment is in dollars from international clients

Commento:

major stocks in the market along with the stocks are at the level where they give the confirmation of breakout so we are at very critical level

Commento:

see we made a low of 16978 and followed bounce leading by IT see the levels at 11:21

Commento:

see the IT indices and see INFY & HCL refer study of 23 sept

Commento:

17139 is a resistance if we clear that than 17250...