Intraday study for Indian indices for 10th January 2023 by Harshit_Saxena on TradingView.com
Hi Good Morning
Yesterday market touched the level of 18141 and then come down and in the closing session upmove the market couldn't touched the day's high
The Dow's open around 250 points up but then come down and closed in negative and this is typical behavior of market as it goes up on Friday and then up on Monday morning to trap the longs and then goes down---Bear market
The SGNIFTY is up by at night but now showing the gap down
The support is around the 17950-18025 and the 2nd base is at 17885 and the 200 DMA is around the 17500 with the resistance of 18100-18171
The support is at 42300-42100-41800 with the resistance of 42650-42800-43100
The major sectors look good for the short term as we are going on buying on dips approach and then we will see a huge bounce we are mentioning the sector and stocks continuously
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 market touched the level of 18141 and then come down and in the closing session upmove the market couldn't touched the day's high
The Dow's open around 250 points up but then come down and closed in negative and this is typical behavior of market as it goes up on Friday and then up on Monday morning to trap the longs and then goes down---Bear market
The SGNIFTY is up by at night but now showing the gap down
Now we talk about the Nifty and Banknifty
Nifty:--
The support is around the 17950-18025 and the 2nd base is at 17885 and the 200 DMA is around the 17500 with the resistance of 18100-18171
Banknifty:--
The support is at 42300-42100-41800 with the resistance of 42650-42800-43100
Sector and Stock Specific( SSS ):--
The major sectors look good for the short term as we are going on buying on dips approach and then we will see a huge bounce we are mentioning the sector and stocks continuously
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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