Indice Nifty 50Long
Intraday study for Indian indices for 6th February 2023
Hi Good Morning
On Friday we saw that market behave as per the written view word to word and closes at days high and later that day the Dows correct and Fall of Nasdaq is more than the 1.5% which impact the Indian market because the IT may correct because of this
The SGXNIFTY is showing the negative opening
The INDIA VIX constant
The indicator indicate the intraday overbought and may sown some points of correction as the major stocks are in that zone on my charts
Now we talk about the Nifty and Banknifty:--
NIFTY:--
The Immediate support of Nifty is at 17717 with the range of 17675-17750 with the resistance of 17825-17966-18050
BANKNIFTY:--
The support of banknifty is at 41200-40000 with the resistance of 41650-41888-42100
Sector and Stock Specific (SSS):--
The Major sector looks good as you can see the L&T HDFC HDFCBANK AXIS BANK ICICI SBI on COOLING RELLIANCE INFY TCS and others on their supports
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
On Friday we saw that market behave as per the written view word to word and closes at days high and later that day the Dows correct and Fall of Nasdaq is more than the 1.5% which impact the Indian market because the IT may correct because of this
The SGXNIFTY is showing the negative opening
The INDIA VIX constant
The indicator indicate the intraday overbought and may sown some points of correction as the major stocks are in that zone on my charts
Now we talk about the Nifty and Banknifty:--
NIFTY:--
The Immediate support of Nifty is at 17717 with the range of 17675-17750 with the resistance of 17825-17966-18050
BANKNIFTY:--
The support of banknifty is at 41200-40000 with the resistance of 41650-41888-42100
Sector and Stock Specific (SSS):--
The Major sector looks good as you can see the L&T HDFC HDFCBANK AXIS BANK ICICI SBI on COOLING RELLIANCE INFY TCS and others on their supports
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
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