Hi Good Morning
yesterday we see that the indices hold our range perfectly and touched bot the levels in intraday and close in lower end or in between because of the OI of calls on 18300 because of FED minutes
But the FED minutes comes not bad and it is consider by the US market and give the up move after the down reaction on Jobless claims and we saw that the DOW"S and Nasdaq both colse at higher end and the SGXNIFTY is above 18300
Now we talk about the nifty and banknifty
Nifty:----
So the levels for the nifty remains same as of yesterday if crosses 18331 on spot then 18400 and 18477 is possible if crosses the further
bank nifty :----
the bank nifty now has the support of 42100-42300 along 42500 and the resistance is at 42800-43100 range
Now the sector and stocks
It is seen that the major shorts is cover and we may see short covering so the
CEMENT, IT , BANKS ,PSU BANKS, PSU , FMCG LOOKS GOOD
STOCKS ARE
AXIS BANK , KOTAK, ICICI, HDFC BAJAJ, HCKTECH, INFY , TECHM, INDIACEM, DLF, GODREJPROP, L&T ALL MAJOR LOOKS GOOD WITH LIMITED DOWNSIDE AND MAJOR UPSIDE WATCH CAREFULLY
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
yesterday we see that the indices hold our range perfectly and touched bot the levels in intraday and close in lower end or in between because of the OI of calls on 18300 because of FED minutes
But the FED minutes comes not bad and it is consider by the US market and give the up move after the down reaction on Jobless claims and we saw that the DOW"S and Nasdaq both colse at higher end and the SGXNIFTY is above 18300
Now we talk about the nifty and banknifty
Nifty:----
So the levels for the nifty remains same as of yesterday if crosses 18331 on spot then 18400 and 18477 is possible if crosses the further
bank nifty :----
the bank nifty now has the support of 42100-42300 along 42500 and the resistance is at 42800-43100 range
Now the sector and stocks
It is seen that the major shorts is cover and we may see short covering so the
CEMENT, IT , BANKS ,PSU BANKS, PSU , FMCG LOOKS GOOD
STOCKS ARE
AXIS BANK , KOTAK, ICICI, HDFC BAJAJ, HCKTECH, INFY , TECHM, INDIACEM, DLF, GODREJPROP, L&T ALL MAJOR LOOKS GOOD WITH LIMITED DOWNSIDE AND MAJOR UPSIDE WATCH CAREFULLY
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
