Intraday study for Indian indices for 12 October 2022
Hi good morning
so yesterday gave the important support level is 17100 but we broke that and fall till 16950 so what happens after we broke 17100 sorry to don't update you at that time because of the internet issues but the Put writing at he 17100 is very heavy so when we broke that and give the candle closure below that so the put writer cover their short put position at 17200 17150 17100 and 17050 and these are very heavy put short covering so we fall and took support the near about 200DMA on Daily time frame candle so this the story of nifty and bank nifty follows it
but this indicated by the CNXIT because as 3 weeks long up move for the waiting the results and results are good so that some profit booking from the overbought zone and we may see the up move moves continues after some good results
No if we talk about today levels on the indices so the base of the nifty is 16800 - 16900 and if we give the 15 min candle closure above 17000 then i also act as a good strong support and the resistance is 17100-17200 if we will start trading above yesterday level of 17139.95 the we see a strong short covering towards 17200 levels
Now Bank nifty 38500-38700 is a very strong support level and 39000 is a resistance and if we crosses the 39000 and trade and closure of 15 min candle the strong short covering towards 39300 levels we see
Now the todays stocks Axis bank ,INFY ,HCL Tech looks good if there sis a reversal in market
keep follow for more i will update you in market time if found any trade
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
so yesterday gave the important support level is 17100 but we broke that and fall till 16950 so what happens after we broke 17100 sorry to don't update you at that time because of the internet issues but the Put writing at he 17100 is very heavy so when we broke that and give the candle closure below that so the put writer cover their short put position at 17200 17150 17100 and 17050 and these are very heavy put short covering so we fall and took support the near about 200DMA on Daily time frame candle so this the story of nifty and bank nifty follows it
but this indicated by the CNXIT because as 3 weeks long up move for the waiting the results and results are good so that some profit booking from the overbought zone and we may see the up move moves continues after some good results
No if we talk about today levels on the indices so the base of the nifty is 16800 - 16900 and if we give the 15 min candle closure above 17000 then i also act as a good strong support and the resistance is 17100-17200 if we will start trading above yesterday level of 17139.95 the we see a strong short covering towards 17200 levels
Now Bank nifty 38500-38700 is a very strong support level and 39000 is a resistance and if we crosses the 39000 and trade and closure of 15 min candle the strong short covering towards 39300 levels we see
Now the todays stocks Axis bank ,INFY ,HCL Tech looks good if there sis a reversal in market
keep follow for more i will update you in market time if found any trade
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
ความคิดเห็น:
INFY made a open high of 1446 wait and watch if crosses 1446 then only we see a positive rally See HCL Tech 2% up...
ความคิดเห็น:
Axis bank 1% up...
ความคิดเห็น:
INFY testing the breakout in futures see if crosses 1421 on futures then we have a successful breakout and see a good up move
ความคิดเห็น:
nifty 1st resistance is 17086
ความคิดเห็น:
the whole movement of the McDowell-N is because of the FTA news but its on hold that's why all the rally is fizzle out and comes 810 levels which is the good accumulation levels along which good bounce till 833 with SL of 790 in FUT and Options also
ความคิดเห็น:
As i saw that the before the results the TCS is up and is the sector leader then today before the results the HCL Tech and Wipro is up ad sector leader and tomorrow is the INFY results then why not to long INFY for playing the move till 1500
ความคิดเห็น:
Data is positive till now and as per the data we may see a short covering
ความคิดเห็น:
see the up move in USL heading towards our 1st target
keep watching the market and book as per your risk i may not able to update from here just took the booster dose of vaccine so keep a close watch
keep watching the market and book as per your risk i may not able to update from here just took the booster dose of vaccine so keep a close watch
ความคิดเห็น:
see market take the 1st at our level 17100 now see the up move in closing Data of bank nifty is weaker then nifty because of the it stocks there is divergence in data but nifty has to move up in closing
