Índice Nifty 50Viés de alta
Intraday study for Indian indices for 31st January 2023
Hi Good Morning
Yesterday we saw that the market give 2 rally and broke the 17450 in the second one and then take the support at 17404 and again come back at the level of 17650 which looks good in the current market and the major mentioned sector and stocks also bounces from their lower level
The US market ended in red as the FED meeting schedule and their outcome so the fear of it rises
The SGXNIFTY is showing the gapup of 50 points
The INDIAVIX also up yesterday indicating high volatility
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support of Nifty is at 17528 and the rage is the 17475-17550 with the resistance of 17777-17811-17850
Banknifty:--
The support of Banknifty is at 39800-40100 with the resistance of 40650-40800-41100
Sector and Stock Specific (SSS):--
The major sector looking good as the 2 big events are planned a day as the FED meeting rate hike and the Union budget is placed tomorrow and the market is corrected well so be with the sector leaders and in good budget related sector the VIX is high so the stop loss must be bigger as the very high volatility and the swing gets bigger be careful a short covering is expected in todays session as we cross the yesterday high as the expire of FINNIFTY is placed today
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
Yesterday we saw that the market give 2 rally and broke the 17450 in the second one and then take the support at 17404 and again come back at the level of 17650 which looks good in the current market and the major mentioned sector and stocks also bounces from their lower level
The US market ended in red as the FED meeting schedule and their outcome so the fear of it rises
The SGXNIFTY is showing the gapup of 50 points
The INDIAVIX also up yesterday indicating high volatility
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support of Nifty is at 17528 and the rage is the 17475-17550 with the resistance of 17777-17811-17850
Banknifty:--
The support of Banknifty is at 39800-40100 with the resistance of 40650-40800-41100
Sector and Stock Specific (SSS):--
The major sector looking good as the 2 big events are planned a day as the FED meeting rate hike and the Union budget is placed tomorrow and the market is corrected well so be with the sector leaders and in good budget related sector the VIX is high so the stop loss must be bigger as the very high volatility and the swing gets bigger be careful a short covering is expected in todays session as we cross the yesterday high as the expire of FINNIFTY is placed today
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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