Intraday study for Indian indices for 15 November 2022
Uppdaterad
Hi good morning
see market is in a range yesterday not the Indian market but also the US market and ended with some red ticks we didn't hit the high of 18500 as indicated by the SGNIFTY futures because we are nit open with that much gap and then in later session we filled that gap and remain light as signs of some short buildup and profits booking
So we today we have to kept in mind that the base is shifted upwards but the ultimate or the big buying zone remains at the levels of 18150-18100-18075 this 100 points range will be a strong bounce back zone and i mentioned the tranches and also the CPI and WPI numbers are good as both decreases which will favor the market
Now talk about the nifty and bank nifty then will consider the sectors and stocks
Nifty
the support range is at 18275-18250-18225 which is a short term base and the resistance is at 18477-18525-18577 only when we cross the level of 18425 and sustain above it at 15 min time frame
Banknifty
The levels of banknifty are well defined as the base is at 41800-42100 and the resistance 42300-42500-42800 after which we will see the higher levels
Now sector and stocks
along with all the CNXIT and the midcap IT keep FMCG, CEMENT, PHARMA in Radar
the stocks are of above sector are UBL, USL, HUL, LALPATHLAB, MANNAPURAM, NAUKRI, AMARAJA, EXIDE, L&T, CUMMINS, LUPIN,BIOCON,GLENPHARMA, LTI, HDFC, HDFCBANK, KOTAKBANK, "AXISBANK FOR SHORT TERM BUY AS GOOD LEVELS FOR ACCUMULATION "
REST i will mention at the normal market time when find the good trade and remember mentioned stocks are of both side means up and down so comment and ask before taking the trade
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
see market is in a range yesterday not the Indian market but also the US market and ended with some red ticks we didn't hit the high of 18500 as indicated by the SGNIFTY futures because we are nit open with that much gap and then in later session we filled that gap and remain light as signs of some short buildup and profits booking
So we today we have to kept in mind that the base is shifted upwards but the ultimate or the big buying zone remains at the levels of 18150-18100-18075 this 100 points range will be a strong bounce back zone and i mentioned the tranches and also the CPI and WPI numbers are good as both decreases which will favor the market
Now talk about the nifty and bank nifty then will consider the sectors and stocks
Nifty
the support range is at 18275-18250-18225 which is a short term base and the resistance is at 18477-18525-18577 only when we cross the level of 18425 and sustain above it at 15 min time frame
Banknifty
The levels of banknifty are well defined as the base is at 41800-42100 and the resistance 42300-42500-42800 after which we will see the higher levels
Now sector and stocks
along with all the CNXIT and the midcap IT keep FMCG, CEMENT, PHARMA in Radar
the stocks are of above sector are UBL, USL, HUL, LALPATHLAB, MANNAPURAM, NAUKRI, AMARAJA, EXIDE, L&T, CUMMINS, LUPIN,BIOCON,GLENPHARMA, LTI, HDFC, HDFCBANK, KOTAKBANK, "AXISBANK FOR SHORT TERM BUY AS GOOD LEVELS FOR ACCUMULATION "
REST i will mention at the normal market time when find the good trade and remember mentioned stocks are of both side means up and down so comment and ask before taking the trade
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
Kommentera
keep auto& tyres on watch
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