Intraday study for Indian indices for 23rd March 2023

Hi
Good Morning

Today we saw a range bound expire in which market opens gap down then moves up from support and then fall from resistances
The FED increases 25bps hike and now the Dow jones 250 points up
The SGXNIFTY is up
The VIX cools down


Now we talk about the Nifty and Banknifty:--

Nifty:--
The support is in rage as we have less contract data

Banknifty:--
Similar pattern follows by the banknifty and we have less data

Sector and Stock Specific ( SSS ):--
The FII short positions are highest so there may be a controlled fall and after that sudden bounce so be careful


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
Chart PatternsTechnical IndicatorsTrend Analysis

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