Hi God Morning
we saw a good bounce in yesterday session from our given support region and we give a close in higher region about 120 ++ points up from our support zone and also we saw a recovery in CNXIT also 300 points from indicated levels and 200 points from the convection crossing levels and also the Dow's give the recovery and close above 34000 and Nasdaq support the 11000 levels and give close above 11131 levels and Now the SGXNIFTY indicating of Gapup opening So the convection of going long works well
Now we talk about the Nifty and Banknifty
Nifty:----
the support levels is at 18175-18225 it acts as strong support and also the strong call writer resistance is at 18300 but in gap up opening we may open above that level So they get trap and have to cover their position and we will see a short covering in the market towards 18400-18425 and higher level is that 18477
Bnaknifty:---
the support of banknifty is at 42100-42300 and the resistance is at 42800-42950
Now the stocks and sector specific:---
As i mention the short covering comes in the market then the performing stocks are which who witness the short buildup so the stocks are
INDIACEM, ULTRACEMCO, INUDUSBANK, BOB, KOTAK, BANDHANBANK, AXISBANK, ICICI, BHEL, VOLTAS, L&T, INFY, HCLTECH, TECHM
Sectors:---
CEMENT, FMCG, IT, BANKS, PSUBANKS, PVTBANKS, FINANCE, MEDIA, FERTILIZER, CAPITALGOOD ALL WILL SHOW SHORT COVERING IN THE SESSION
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
we saw a good bounce in yesterday session from our given support region and we give a close in higher region about 120 ++ points up from our support zone and also we saw a recovery in CNXIT also 300 points from indicated levels and 200 points from the convection crossing levels and also the Dow's give the recovery and close above 34000 and Nasdaq support the 11000 levels and give close above 11131 levels and Now the SGXNIFTY indicating of Gapup opening So the convection of going long works well
Now we talk about the Nifty and Banknifty
Nifty:----
the support levels is at 18175-18225 it acts as strong support and also the strong call writer resistance is at 18300 but in gap up opening we may open above that level So they get trap and have to cover their position and we will see a short covering in the market towards 18400-18425 and higher level is that 18477
Bnaknifty:---
the support of banknifty is at 42100-42300 and the resistance is at 42800-42950
Now the stocks and sector specific:---
As i mention the short covering comes in the market then the performing stocks are which who witness the short buildup so the stocks are
INDIACEM, ULTRACEMCO, INUDUSBANK, BOB, KOTAK, BANDHANBANK, AXISBANK, ICICI, BHEL, VOLTAS, L&T, INFY, HCLTECH, TECHM
Sectors:---
CEMENT, FMCG, IT, BANKS, PSUBANKS, PVTBANKS, FINANCE, MEDIA, FERTILIZER, CAPITALGOOD ALL WILL SHOW SHORT COVERING IN THE SESSION
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
