Intraday study for Indian indices for 17th March 2023
Hi
Good Morning
Today we saw a dip followed by the upmove as the weekly expire triggers the short covering
The US market is in good shape at the time i am writing this
The India VIX is Stable for me
The SGXNIFTY is in positive
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support of Nifty is at 16777 which is a good support as the 16925-17000 is also a good range but the resistance is at 17139-17225
Banknifty:--
Gives the good move today but the range is fix and may be more volatile is react on news so no study for this today
Sector and Stock Specific ( SSS ):--
The general trend is that the structure of market is negative then the Friday will give the upmove so may be the day belongs to consolidation with upmove so be carefully while taking the trade for short term
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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered
Good Morning
Today we saw a dip followed by the upmove as the weekly expire triggers the short covering
The US market is in good shape at the time i am writing this
The India VIX is Stable for me
The SGXNIFTY is in positive
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support of Nifty is at 16777 which is a good support as the 16925-17000 is also a good range but the resistance is at 17139-17225
Banknifty:--
Gives the good move today but the range is fix and may be more volatile is react on news so no study for this today
Sector and Stock Specific ( SSS ):--
The general trend is that the structure of market is negative then the Friday will give the upmove so may be the day belongs to consolidation with upmove so be carefully while taking the trade for short term
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 giving any trade just wrote my views after the data reading what i think about the market sentiments. I am not SEBI Registered
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