Intraday study for Indian indices for 22 September 2022
Hi Good morning
as we see markets is in range yesterday and consolidating in that range whole day even after the data is negative which is intraday we all are waiting the FED rate change and its 75bps high and market digested that and dows gives the good move but there is something in the press conference and the dollar index surge up above 111+ which is the level which revisited after 2002
Now come in our markets (Indian) So the support is at 17575-17625 and then 17500-17475 and also the bank nifty is 40800-41200 and the resistance is at 17690-17717 and 17777- 17800 and for bank nifty 41800 so be careful
And also be careful at IT because it is near support and may see a bounce back or breakdown
The FMCG looks Good be in defensive It is the best performing sector for today and also Axis bank And Reliance
By the time i am writing this the market near its support and approaching that levels
Follow me i will update you when there is any sign of weakness or strength And share with friend and family we may see a bounce back from days low
Refer pervious studies for more
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
as we see markets is in range yesterday and consolidating in that range whole day even after the data is negative which is intraday we all are waiting the FED rate change and its 75bps high and market digested that and dows gives the good move but there is something in the press conference and the dollar index surge up above 111+ which is the level which revisited after 2002
Now come in our markets (Indian) So the support is at 17575-17625 and then 17500-17475 and also the bank nifty is 40800-41200 and the resistance is at 17690-17717 and 17777- 17800 and for bank nifty 41800 so be careful
And also be careful at IT because it is near support and may see a bounce back or breakdown
The FMCG looks Good be in defensive It is the best performing sector for today and also Axis bank And Reliance
By the time i am writing this the market near its support and approaching that levels
Follow me i will update you when there is any sign of weakness or strength And share with friend and family we may see a bounce back from days low
Refer pervious studies for more
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 the (IT) tech the pullup all are in green
Kommentar:
see FMCG indices flying high the next support of bank nifty is 40500 and nifty is holding 17500 with the 1cr+ puts Oi so we may see a dip towards 17550
Kommentar:
this is what happens when market respect its levles and you also keep sharing
Kommentar:
low of 17542 now 17731 FMCG index near all time high reliance recovering Axis bank broke 799.35 and may be goes in consolidation
