Nifty 50 Indexלונג
Intraday study for Indian indices for 5th December 2023
Hi Good Morning
yesterday also the market is in range first hit the resistance and then the selling comes till the support
The us market is in consolidation and then ended the day at the green and now the futures is in positive
The SGNIFTY after all the global session highlighted the flattish open and the Data is also suggesting the flattish to negative opening
Now we talk about the Nifty and Banknifty
Nifty:--
The support is placed at the 18025-18050 and the 2nd base is at 18000-17975 because of the expire with the resistance of 18177-18244-18311
Banknifty:--
The support of banknifty is at 42800-42650-42500 with the resistance of 43100-43300-43500 The short covering may comes at the end
Sector and Stock specific:--
The major sectors are looking good as we get the dips before the result season so be with the sector leaders for some days and also for intraday if short covering comes at the end these are the fast movers
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 also the market is in range first hit the resistance and then the selling comes till the support
The us market is in consolidation and then ended the day at the green and now the futures is in positive
The SGNIFTY after all the global session highlighted the flattish open and the Data is also suggesting the flattish to negative opening
Now we talk about the Nifty and Banknifty
Nifty:--
The support is placed at the 18025-18050 and the 2nd base is at 18000-17975 because of the expire with the resistance of 18177-18244-18311
Banknifty:--
The support of banknifty is at 42800-42650-42500 with the resistance of 43100-43300-43500 The short covering may comes at the end
Sector and Stock specific:--
The major sectors are looking good as we get the dips before the result season so be with the sector leaders for some days and also for intraday if short covering comes at the end these are the fast movers
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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