Intraday study for Indian indices for 6th November 2022
Hi Good Morning
yesterday we saw good recovery in both the Indian indices from the lower levels or i can say from the good support levels and we tested the support and as per my study the market gives upmove i closing which also i mention yesterday study But the Dow's corrected in the night and this is why we may see another gapdown opening but the dip should be the opportunity of bounce towards the higher levels Now if we talk about the levels of nifty banknifty and then the sector and Stocks
Nifty:--
The support is placed at 18600 with the 18500 as a strong base with the range till 18650 and the resistance is at 18725-18777 and 18811
Banknifty:--
The support comes at 42800-43100 and the resistance is at 43300-43500-43800 the levels and the study is unchanged view pervious for detail
Sector and Stocks:--
CNXIT, The finance sector is in consolidation today because of weekly expire and the RBI policy in this week later and also the election results
so bank and finance are in consolidation rest the stocks and the sector is unchanged yu can check by viewing the previous yesterday's 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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered
yesterday we saw good recovery in both the Indian indices from the lower levels or i can say from the good support levels and we tested the support and as per my study the market gives upmove i closing which also i mention yesterday study But the Dow's corrected in the night and this is why we may see another gapdown opening but the dip should be the opportunity of bounce towards the higher levels Now if we talk about the levels of nifty banknifty and then the sector and Stocks
Nifty:--
The support is placed at 18600 with the 18500 as a strong base with the range till 18650 and the resistance is at 18725-18777 and 18811
Banknifty:--
The support comes at 42800-43100 and the resistance is at 43300-43500-43800 the levels and the study is unchanged view pervious for detail
Sector and Stocks:--
CNXIT, The finance sector is in consolidation today because of weekly expire and the RBI policy in this week later and also the election results
so bank and finance are in consolidation rest the stocks and the sector is unchanged yu can check by viewing the previous yesterday's 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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered
Commento:
correction it's December
