Intraday study for Indian indices for 3rd February 2023

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Hi Good Morning
Yesterday is weekly expire and short covering comes in the banks in the closing and the indices closes at days high the HDFCBANK is consolidation at its short term base whole day and the moves comes in the closing and the ADR in US market is about the 4% up so keep your eye on it the Nasdaq surges near 400 points so the IT sector may do good or we saw a gapup which is good chance of booking the yesterday long.

The SGXNIFTY is showing the gapup.

The INDIAVIX cools down yesterday.

Now we talk about the Nifty and Banknifty:--

Nifty:--
The support is around 17528 and the range is 17475-17550-17600 with the resistance of 17777-17811-17850.

Banknifty:--
The support is around the 40650-40850 with the resistance of 41250-41650-41800 we may see a good recovery or up move in it today as i discussed above.

Sector and Stock Specific(SSS):--
The major sector looks good as we saw the itc and other some FMGC hits all time high after budget and the L&T give the swing from 2080 to 2216 and the HDFC bank and other sector leaders did good so hope you all buy the good stocks at good time and saw the upmove today the day belongs to banks and the closing belongs to the banks and the IT keep your eye on them.


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.
Nota
look at banknifty and the HDFC bank and the IT sector in closing all the thigs go as per the discussion all are at days high

RIP to those who unfollowed us... after that downmove of the market which is followed by the NEWS and on that day i also mentioned that the selling likely induced by the NEWS and the levels are of no use for the day
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