Intraday study for Indian indices for 13 October 2022
Hi good Morning
Today is 13th of October of 2022
As we see yesterday that the market give the closing at higher levels and touched our resistance of 17139.95 and the market move as per the data today is the weekly expire of the indices and we are opening a gap down as per the SGXNifty is suggesting So again the 17100 is the major hurdle to up move and if we sustain and gain this level again then we see a huge short covering towards the level of 17200
The support is at 16975-17000 and the resistance is at 17200 which is the major resistance
if we broke the support and start trading below it then the 16800 -16750 is the support that is the ultimate target of the short rally but we may hold that level
Now if we talk about the banknifty then the 39000-38800 and the resistance is 39300 - 39500 and if we broke the support and start trading below it then the target is the 38500
Now stock specific the Axis bank HCL tech INFY McDowell-N Some FMCG and major banks are
the upside and has to see the reversal first in the long side and give the up move first so keep an eye on them
stay connected and keep following and sharing the study i will surely highlighted the good looking trades in the market 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
Today is 13th of October of 2022
As we see yesterday that the market give the closing at higher levels and touched our resistance of 17139.95 and the market move as per the data today is the weekly expire of the indices and we are opening a gap down as per the SGXNifty is suggesting So again the 17100 is the major hurdle to up move and if we sustain and gain this level again then we see a huge short covering towards the level of 17200
The support is at 16975-17000 and the resistance is at 17200 which is the major resistance
if we broke the support and start trading below it then the 16800 -16750 is the support that is the ultimate target of the short rally but we may hold that level
Now if we talk about the banknifty then the 39000-38800 and the resistance is 39300 - 39500 and if we broke the support and start trading below it then the target is the 38500
Now stock specific the Axis bank HCL tech INFY McDowell-N Some FMCG and major banks are
the upside and has to see the reversal first in the long side and give the up move first so keep an eye on them
stay connected and keep following and sharing the study i will surely highlighted the good looking trades in the market 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
Komen:
see Wipro is 5% down don't go short from here
Komen:
see HCL Tech 2.5% up
Komen:
look we have took the support at our support levels if you want to be in trade ten be in trade but if you consider my opinion that exit is the better we can have the move at any side some are supporting ,charts are looking good but the data is negative so may be we can give expire 50 points above according to to charts lets see the movement be with me
Komen:
see 17050 as short covering
