Hi good morning
As we are seeing that the momentum in the Dow's is good and it is up by 800 points in 2 days and as per the SGXNIFTY is suggesting that we are open near 18400 this is very huge level as it is about 200 points from the closing of spot and around 150 point of futures so in the open we may got the level of over bought and then may see some selling towards 18350-18325 as our target is 18311 which will surpasses in the open then the 18311 act as good support level but let's see first how the spot opens and also Nasdaq yesterday is the near their resistance on my charts nd it touches and come down on spot but hold on futures So that this is also have a problem because our IT has below that levels of my charts
SO if we talk about the nifty and bank nifty then resistance of nifty is comes near 18350-18411-18425 -18460 will update after these levels and the support is at 18225-18275 and 18175 is the most support NOTE these are the futures levels because these are based on SGXNIFTY
Now bank nifty the resistance of 41800 may be surpasses on the sport in the opening and turning to be most important support with the resistance of 42100-42300-42500-42750 is resistance and the support is at 41500-41800
Now the stocks and the sectors
BRATTANIA , BOB, AMARON, MUTHOOTH, SBIN, INFY,HCLTECH,TCS,TECHM, AXISBANK, KOTAKBANK, HDFCTWINS, BAJAJTWINS, RLIANCE, DLF, ON UPSIDE // DIVIS, ASIAN,MARICO , GODREJCP ON DOWN SIDE
SECTOR AUTO, CEMENT, NIFTY, IT , BANKNIFTY, MTALS, TYRES ,INDIACEM , PSUBANK,
PHARMA HA THE MOST SHORTS
IF AT ANT POINT OF TIME NASDAQ FUT TAKES OVE THE 11237 THEN IT WILL TURN THE MARKET AT UPSIDE
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