Nifty 50 IndexLong
Intraday study for Indian indices for 23rd January 2023
Hi Good Morning
On Friday we saw a perfect range bound movement with the good upmove in highlighted sector and we didn't see a dip throughout the day in them and closed at high and i mentioned you the sector, stock in which data is developing for the huge move hope you all captured that
The US market gives the good upmove on Friday and closes about 3% up
The SGXNIFTY showing the 90 points gapup
the India VIX cool down on Friday
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is placed at 18025-18075 with the resistance of 18177-18211 the short covering comes so we advice the Buying on dips structure
Banknifty:--
The support is at 42300-42500 with the resistance of 42800-43100-43300 As the results of Kotak bank and ICICI bank has impact and the good Data development of HDFC bank so the huge short covering comes in banknifty and goes for huge upmove
Sector and Stock Specific(SSS):--
As i am mentioning from past few days the Budget related sector looks good and the rally comes in these sectors and apart with that i mentioned that the HDFC and HDFC banks has goo data development so look at The Finance sector along with Capital goods and railway and consumption
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
On Friday we saw a perfect range bound movement with the good upmove in highlighted sector and we didn't see a dip throughout the day in them and closed at high and i mentioned you the sector, stock in which data is developing for the huge move hope you all captured that
The US market gives the good upmove on Friday and closes about 3% up
The SGXNIFTY showing the 90 points gapup
the India VIX cool down on Friday
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is placed at 18025-18075 with the resistance of 18177-18211 the short covering comes so we advice the Buying on dips structure
Banknifty:--
The support is at 42300-42500 with the resistance of 42800-43100-43300 As the results of Kotak bank and ICICI bank has impact and the good Data development of HDFC bank so the huge short covering comes in banknifty and goes for huge upmove
Sector and Stock Specific(SSS):--
As i am mentioning from past few days the Budget related sector looks good and the rally comes in these sectors and apart with that i mentioned that the HDFC and HDFC banks has goo data development so look at The Finance sector along with Capital goods and railway and consumption
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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