Hi Good morning
after i highlighted you in previous session that the positive cross is happens in Nasdaq And he CNXIT we have see the good up move in both of them and and also Nasdaq give the up move in the next day also while the Dow's is up by only 41 points and Nasdaq is up around 200 points So the setup is in favor of IT So don't go short in it and we saw SGXNIFTY is hit 18500 which is the future of NIFTY50
Now the levels of NIFTY for today the base is formed around 18200 on spot and 18300 on futures and the major support is at 18100-18175 on futures all dips towards t this level are buyable as we consider bounce from this level the resistance is at 18525-18600 and the 18577 is the major point of resistance
Now the bank nifty the support of it is at 41800-42100 and the resistance is near 42300-42500-42800
The proffered stocks and sectors are
TECHM, GODREJPROP, DLF, SHRIRAMTRANS, BERGERPAINT, HDFCLIFE, INDOGO, AND ALL THE MAJOR IT STOCKS
basically CNXIT is the best sector to see the up move in
banks ,cement, pharma ,realty, psu , fertilizer
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
after i highlighted you in previous session that the positive cross is happens in Nasdaq And he CNXIT we have see the good up move in both of them and and also Nasdaq give the up move in the next day also while the Dow's is up by only 41 points and Nasdaq is up around 200 points So the setup is in favor of IT So don't go short in it and we saw SGXNIFTY is hit 18500 which is the future of NIFTY50
Now the levels of NIFTY for today the base is formed around 18200 on spot and 18300 on futures and the major support is at 18100-18175 on futures all dips towards t this level are buyable as we consider bounce from this level the resistance is at 18525-18600 and the 18577 is the major point of resistance
Now the bank nifty the support of it is at 41800-42100 and the resistance is near 42300-42500-42800
The proffered stocks and sectors are
TECHM, GODREJPROP, DLF, SHRIRAMTRANS, BERGERPAINT, HDFCLIFE, INDOGO, AND ALL THE MAJOR IT STOCKS
basically CNXIT is the best sector to see the up move in
banks ,cement, pharma ,realty, psu , fertilizer
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
Nota
REKLIANCE 2660 CE @ 37.8 for up moveNota
Now time for banknifty to move along with CNXFINANCENota
see from highlighted levels we are 100++ points up in CNXFINANCE and around 200 up in bankniftyNota
Good level for FMCG stocks to see up moveNota
the down move in the last will give the confirmation of tomorrows up move
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.