Hi
Good Morning
Sorry for being inactivated for 2-3 Days as i am having some work and or able to be in market at market time as the work starts at 9 and come home at 8:30 and for that had to leave home at 8 So i am not active in the days which i have to be active the most as it is a good opportunity as index touches the level below 17000
THE US markets are falling as the news of banking crises but we saw a good 1000 points bounce from the lows because of the inflation data is in line
The India VIX is up at 16 levels
The SGXNIFTY is u by 100 points at the time of writing this
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 16950-17025 with the major level of 17139 and the 17528 and nots these are the levels which is on our charts before and these are the high of last two days so be carefull while watching this level
Banknifty:--
The support is at 39300 actually i didn't calculate the levels of Banknifty because the index may be influenced by the news
Sector and Stock Specific ( SSS ):--
The IT , banks , Capital goods are good as we seen a good cuts in these sectors and may looking for short term as the inflation of US is inline with expectation so the FED may not increase the rate too much next week
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
Good Morning
Sorry for being inactivated for 2-3 Days as i am having some work and or able to be in market at market time as the work starts at 9 and come home at 8:30 and for that had to leave home at 8 So i am not active in the days which i have to be active the most as it is a good opportunity as index touches the level below 17000
THE US markets are falling as the news of banking crises but we saw a good 1000 points bounce from the lows because of the inflation data is in line
The India VIX is up at 16 levels
The SGXNIFTY is u by 100 points at the time of writing this
Now we talk about the Nifty and Banknifty:--
Nifty:--
The support is at 16950-17025 with the major level of 17139 and the 17528 and nots these are the levels which is on our charts before and these are the high of last two days so be carefull while watching this level
Banknifty:--
The support is at 39300 actually i didn't calculate the levels of Banknifty because the index may be influenced by the news
Sector and Stock Specific ( SSS ):--
The IT , banks , Capital goods are good as we seen a good cuts in these sectors and may looking for short term as the inflation of US is inline with expectation so the FED may not increase the rate too much next week
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
