Intraday study for Indian indices for 28 September 2022
Hi good morning
we are seeing the gap down opening so the convection of going short is not valid we are opening below 17000-16950 which is a cautious level we may see a bounce towards the level of 17000 but it is not sustaining may be the IT turns from these level don't go short at low level and long above 17130 till 17300 -17350 the FMCG looks good
the level of banknifty 38000-37780 , 37500 is a good support range the nifty support around 16773 where we may see bounce towards 16950
be careful and be with defensives like IT, FMGC, Pharma
INFY and HCl is the top among IT and USl among FMCG stay away from banks
follow i will update during day time
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 SEBI Registered
we are seeing the gap down opening so the convection of going short is not valid we are opening below 17000-16950 which is a cautious level we may see a bounce towards the level of 17000 but it is not sustaining may be the IT turns from these level don't go short at low level and long above 17130 till 17300 -17350 the FMCG looks good
the level of banknifty 38000-37780 , 37500 is a good support range the nifty support around 16773 where we may see bounce towards 16950
be careful and be with defensives like IT, FMGC, Pharma
INFY and HCl is the top among IT and USl among FMCG stay away from banks
follow i will update during day time
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 SEBI Registered
Kommentar:
see we bounce from 16825 which is the higher end of the 2nd range which us 16775-16825.... may see it towards 16950-17025
Kommentar:
see INFY in top gear
Kommentar:
next turn is of Mindtree keep on radar...
Kommentar:
don't forget to see USL...............
Kommentar:
i bought a CE of nifty at a level of 16991 spot
Kommentar:
expecting target of 17139 spot
Kommentar:
breakdown in closing as the dows futures is down by 200++ points which was 61 points negative only in mid session so …if dow holds then we saw a gap up tomorrow and don't forget we have a monthly expire tomorrow so market respects ils levels and look at the stocks with high roll over they may perform tomorrow
Kommentar:
the average close comes around 16900 i am closing the screen for now will meet tomorrow
