Indice NIFTY 50Long
Intraday study for Indian indices for 4th January 2022
Hi Good Morning
Yesterday market took the perfect resistance at given levels and didn't broke that level and the US market Futures corrected around 300 points from the high and ended with the red and Now the SGXNIFTY is showing the gapdown opening
Now we talk about the Nifty and Banknifty
Nifty:--
The support of Nifty is at 18050-18100 and the 2nd base is at 18025-18075 with the resistance of 18244-18277-18311-18344 levels
Banknifty:--
The support of banknifty is at 43100-43300 and the 2nd base is at 4300-42800 with the resistance of 43500-43650-43800
Sector and tock specific:--
The major sector specific idea suggest that the buying on dips and be with the sector leader maybe be the IT show some down move at the initial time of market as the Nasdaq correct more and then we may se a recovery from lower levels
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
Yesterday market took the perfect resistance at given levels and didn't broke that level and the US market Futures corrected around 300 points from the high and ended with the red and Now the SGXNIFTY is showing the gapdown opening
Now we talk about the Nifty and Banknifty
Nifty:--
The support of Nifty is at 18050-18100 and the 2nd base is at 18025-18075 with the resistance of 18244-18277-18311-18344 levels
Banknifty:--
The support of banknifty is at 43100-43300 and the 2nd base is at 4300-42800 with the resistance of 43500-43650-43800
Sector and tock specific:--
The major sector specific idea suggest that the buying on dips and be with the sector leader maybe be the IT show some down move at the initial time of market as the Nasdaq correct more and then we may se a recovery from lower levels
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
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