Intraday study for Indian indices for 2 November 2022

2 Nov 2022

Hi Good morning

Yesterday market gives the expected up move in the closing session after the dip which is a good buying opportunity but unfortunately our call didn't give the move as it is the expire option of 18 rupee and expires zero but our other trades doing well see that both the calls of INFY gives huge up move in the yesterday closing the global market is in range yesterday but the upper range gives the closing ad SGXNIFTY is indicating the gap up today also

So for the resistance of nifty and bank nifty and the supports are as mentioned below please follow that carefully

For nifty support is at 18000-18050 the range might light till 17975 but below that don't carry longs and book profits if you have and also this the nor the level of going short
The resistance is at 18175-18225-18277-18350 is the ultimate target of the day at this level book all profits

For bank nifty the support is at 41100-41150---and if holds 41500 then 41300 is the 1st base
The resistance is at 41450-41500--41750-41800 is the ultimate target for the day

Now talk about the Stocks specific then
M&MFIN, AXISBANK, DELTA, DRL, MFS, BIOCON, INFY,JKCEMENT, GLENMARK, BSOFT, BERGERPAINT, ASIANPAINT, DLF,LTTS, TORRENTPHARMA, ALKEM, ABB, VOLTAS, HVELLS, NTPC, TECHM, HCLTECH, TCS, HDFCTWINS

Now the sectors PHARMA, IT, ENERGY, BANKS, FINANCE LOOKSGOOD comment for the trade and i will also update if found any interesting option trade

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

2 Nov 2022

Nota

see we bounce from our level of 18050

2 Nov 2022

Nota

INFY crosses positive just see the move from now and also in some major other IT

and there is no violation of our base and in a range hits todays updated levels