Hi
Good Morning
After a long break due to health issues and also i have to go on some work and the gadgets are not allowed there but we are in a good range i am not seeing that the structure of market is change even i am login my setup after a week
Yesterday we saw that the market gives the up move but you have the idea of the resistance which is around the 17777
The one unexpected thing happens in the banknifty as the Adani says to repay its loan against pledge share so the PSU like SBI run fast to breach the levels of 41000
The US market fall a day before yesterday as the FED Chairman statement on Rates
THE INDIAVIX is in range of 13 which is good
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 17500 with the ultimate support of 17250-17300 with the resistance of 17777-17811-17950
Banknifty:--
The support is at 408800-41100 with the resistance of 41650-41850
Sector and Stock Specific ( SSS ):--
Capital goods , Power , heavy bank and some summer related stocks will be on radar for some days
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
After a long break due to health issues and also i have to go on some work and the gadgets are not allowed there but we are in a good range i am not seeing that the structure of market is change even i am login my setup after a week
Yesterday we saw that the market gives the up move but you have the idea of the resistance which is around the 17777
The one unexpected thing happens in the banknifty as the Adani says to repay its loan against pledge share so the PSU like SBI run fast to breach the levels of 41000
The US market fall a day before yesterday as the FED Chairman statement on Rates
THE INDIAVIX is in range of 13 which is good
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 17500 with the ultimate support of 17250-17300 with the resistance of 17777-17811-17950
Banknifty:--
The support is at 408800-41100 with the resistance of 41650-41850
Sector and Stock Specific ( SSS ):--
Capital goods , Power , heavy bank and some summer related stocks will be on radar for some days
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
