Nifty 50 IndexLong
Intraday study for Indian indices for 16th March 2023
Hi
Good Morning
Today we saw a controlled fall towards the base of 16950 and managed to closed at 16975 we have a expire tomorrow that's why it is the important support but if fail to hold then lowest will visit
The US is falling because the CS report about the banks and right now it is 500 points down
The SGXNIFTY is also down
The India VIX is near about 17
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 16925-17025but the ultimate support is at 16773 which we may see if the Vwap is below the options base of weekly expire with the resistance of 17139.5-17225
Banknifty:--
The support comes around 38800-39000 as we see the tomorrows expire but if worst comes then 37700 may visit there with the resistance of 39300-39650
Sector and Stock Specific ( SSS ):--
The Correction is good chance for holding and making good portfolio with the big names
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 controlled fall towards the base of 16950 and managed to closed at 16975 we have a expire tomorrow that's why it is the important support but if fail to hold then lowest will visit
The US is falling because the CS report about the banks and right now it is 500 points down
The SGXNIFTY is also down
The India VIX is near about 17
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 16925-17025but the ultimate support is at 16773 which we may see if the Vwap is below the options base of weekly expire with the resistance of 17139.5-17225
Banknifty:--
The support comes around 38800-39000 as we see the tomorrows expire but if worst comes then 37700 may visit there with the resistance of 39300-39650
Sector and Stock Specific ( SSS ):--
The Correction is good chance for holding and making good portfolio with the big names
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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