Intraday study for Indian indices for 1th November 2022
Hi Good Morning
today is weekly expire of nifty and banknifty and after that we will enter in the monthly expire we see mild correction from the upper levels yesterday and market holds the support of 18350 which is also valid for today and after the global consolidation of Dow's and the Nasdaq is 1.5% down and it is not the negative ques because it give upmove of 10% so that much correction is needed for the resume of up move the SGX nifty is showing the gapdown opening and we have a good option support and some major stocks are up on their call writer levels Now we talk about the levels of nifty and banknifty
Nifty:--
the support is place around the 18325-18375 zone of range or the 18350 as the big put writer is at the level of 18300-18400 and the 2nd base is at 18250-18275 and the ultimate buying or accumulation zone for the big upmove is at 18100 around which we may nor visit today the resistance is at 18425-18477-18511 as holds the major CE writer level
Banknifty:--
The support of banknifty is at 41800-42100 with the 42300 also act as a support and the resistance is at 42800 42950 because the CE are active at this levels and also we consider the yesterday VWAP
Now the stock and sector specific
KOTAKBANK, ICICIGI, BHARTIAIRTEL, HEROMOTO, HUL, BERGERPAINT, TECHM, HAVELLS, PIDILITE, WIPRO, BSOFT, LTTS AND THE SECTOR REALTY, IT, FMCG, BANKS LOOKS GOOD FOR THE UPSIDE
USL MAY SHOW SOME SELLING
BATA AND ASIAN PAINTS ARE LOOK GOOD FOR SOME DAYS FOR LONG
AND TITAN FOR NEXT 2 MONTHS
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
today is weekly expire of nifty and banknifty and after that we will enter in the monthly expire we see mild correction from the upper levels yesterday and market holds the support of 18350 which is also valid for today and after the global consolidation of Dow's and the Nasdaq is 1.5% down and it is not the negative ques because it give upmove of 10% so that much correction is needed for the resume of up move the SGX nifty is showing the gapdown opening and we have a good option support and some major stocks are up on their call writer levels Now we talk about the levels of nifty and banknifty
Nifty:--
the support is place around the 18325-18375 zone of range or the 18350 as the big put writer is at the level of 18300-18400 and the 2nd base is at 18250-18275 and the ultimate buying or accumulation zone for the big upmove is at 18100 around which we may nor visit today the resistance is at 18425-18477-18511 as holds the major CE writer level
Banknifty:--
The support of banknifty is at 41800-42100 with the 42300 also act as a support and the resistance is at 42800 42950 because the CE are active at this levels and also we consider the yesterday VWAP
Now the stock and sector specific
KOTAKBANK, ICICIGI, BHARTIAIRTEL, HEROMOTO, HUL, BERGERPAINT, TECHM, HAVELLS, PIDILITE, WIPRO, BSOFT, LTTS AND THE SECTOR REALTY, IT, FMCG, BANKS LOOKS GOOD FOR THE UPSIDE
USL MAY SHOW SOME SELLING
BATA AND ASIAN PAINTS ARE LOOK GOOD FOR SOME DAYS FOR LONG
AND TITAN FOR NEXT 2 MONTHS
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
Comment:
just wait till 18 after which huge up move in INFY 1600 CE
