Nifty 50 Indexלונג
Intraday study for Indian indices for 22 December 2022
Hi Good Morning
yesterday the market fall from the resistance zone of 18511 and the Nifty tested its 50DMA and the banknifty also falls and sponsored it as the CNXIT was stable yesterday and closes in green
Despite of negative data from the morning the News come of Covid and market shows the sudden fall
The US market shows the pullback from the lower end and closes at high and also the Nasdaq jumps this leads the momentum in the It Stocks The SGXNIFTY indicating the Gapup of 80 points
Now we talk about the Nifty and Banknifty
Nifty:---
The support is at 18100-18150 range with the resistance of 18300-18350-18450
Banknifty:---
The support is at 42300-42500 with the resistance of 43000-43100-43300
Today is the weekly expire of the Indices So once the range is broken any side the huge move will come but there is a limited downside
Socks and Sector:---
The AUTO,IT, PHARMA, BANKS LOOKS GOOD THE MAJOR NAMES IN THE SECTOR
THE BUYING ON DIPS IS advisable leads the upmove
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 the market fall from the resistance zone of 18511 and the Nifty tested its 50DMA and the banknifty also falls and sponsored it as the CNXIT was stable yesterday and closes in green
Despite of negative data from the morning the News come of Covid and market shows the sudden fall
The US market shows the pullback from the lower end and closes at high and also the Nasdaq jumps this leads the momentum in the It Stocks The SGXNIFTY indicating the Gapup of 80 points
Now we talk about the Nifty and Banknifty
Nifty:---
The support is at 18100-18150 range with the resistance of 18300-18350-18450
Banknifty:---
The support is at 42300-42500 with the resistance of 43000-43100-43300
Today is the weekly expire of the Indices So once the range is broken any side the huge move will come but there is a limited downside
Socks and Sector:---
The AUTO,IT, PHARMA, BANKS LOOKS GOOD THE MAJOR NAMES IN THE SECTOR
THE BUYING ON DIPS IS advisable leads the upmove
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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