Hi Good Morning
On Friday we have seen a recovery from lower levels and the indices managed to its support level S2 and then back again at R1 and the same action was seen in Dow's and Nasdaq and today we are seeing that the China markets are falling and putting the pressure on all markets as covid concern in china and we may see a gapdown opening from where we may see a good recovery Now we talk about the nifty and the bank nifty
Nifty:---
the support is remains same 18200-18225 and 18050-18150 is the huge buying range from where we may see a huge upside bounce and the resistance is at 18425-81477-18525
bank nifty :--
bank nifty the support comes at 42100-41800 and the resistance comes at 42500-42800
keep follow the levels
Now the stock and sector specific the CNXIT, BANKS, FMCG,CAPITAL GOODS LOOKS GOOD
THERE IS A SHORTING IN STOCKS WE MAY SE SHORT COVERING FOR HOLDS ALL THE LEVELS
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
On Friday we have seen a recovery from lower levels and the indices managed to its support level S2 and then back again at R1 and the same action was seen in Dow's and Nasdaq and today we are seeing that the China markets are falling and putting the pressure on all markets as covid concern in china and we may see a gapdown opening from where we may see a good recovery Now we talk about the nifty and the bank nifty
Nifty:---
the support is remains same 18200-18225 and 18050-18150 is the huge buying range from where we may see a huge upside bounce and the resistance is at 18425-81477-18525
bank nifty :--
bank nifty the support comes at 42100-41800 and the resistance comes at 42500-42800
keep follow the levels
Now the stock and sector specific the CNXIT, BANKS, FMCG,CAPITAL GOODS LOOKS GOOD
THERE IS A SHORTING IN STOCKS WE MAY SE SHORT COVERING FOR HOLDS ALL THE LEVELS
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
