What happened overnight?
DJIA - 1.07% 🔻
NASDAQ - 1.76% 🔻
EUROPEAN MARKET - 🔻
ASIAN MARKET - 🔻
SGX - 0.31% 🔻
CRUDE - 0.35% 🟢
US10Y - 🟢
DXY - 🔻
INDIA VIX - 🟢
Good morning, friends. I hope you're doing well & had an amazing weekend rest. For last 2 days, it's all about SVB & US Banking system in global media creating somewhat panick in Indian Investors as well. Don't worry, it's their problem to look out at, we don't have to think about it at all. Our market on Friday faced continued selling pressure & closed around lows. Same with US Market. We can expect Flat to Mild Gap down, just at the support zone. So today's open would be very interested. There can be multiple attempts to break the support area of 17400-17350, follows by 17200. For any Intraday upside, 17500 is the key number. Overall sentiments as of now are mild weak but I expect a sideways day today with major build-up for coming weekly expiry. Let's see. Till then, these are the levels...👇
Important levels:
S : 17375/17200/17050
R : 17500/17600/17770
S : 40300/40000/39700
R : 40400/40700/41000
Sectors I am interested in for Today:
✓FMCG
✓ENERGY
✓PHARMA
Stocks in watchlist:
ITC
NTPC
AUROPHARMA
NOTE: Be stock specific if you're finding to trade indices. Gap down doesn't help Intraday traders much because of no follow up selling/buying.
Wishing you a profitable day ahead.