Hi Good Morning...
As we see last week the indices move and does not breach our support level land bounce back from that level so for this week the data is positive
the levels which our study is suggesting is that the support is placed around 17775-17825 it is the first support levels and 17725-17750 is the second base of the market below with the indices further corrects
the resistance is placed around 17995-18040 above which we can see the levels of 18177 which is the second resistance
If we see sector wise the IT Sector looks very good as we see 5-7% upside from here along with FMCG , Bank and Cement, the auto may go up after week of consolidation and realty sector also looks good
the strongest momentum is in mid IT along with TCS and INFY
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
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As we see last week the indices move and does not breach our support level land bounce back from that level so for this week the data is positive
the levels which our study is suggesting is that the support is placed around 17775-17825 it is the first support levels and 17725-17750 is the second base of the market below with the indices further corrects
the resistance is placed around 17995-18040 above which we can see the levels of 18177 which is the second resistance
If we see sector wise the IT Sector looks very good as we see 5-7% upside from here along with FMCG , Bank and Cement, the auto may go up after week of consolidation and realty sector also looks good
the strongest momentum is in mid IT along with TCS and INFY
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
Follow for more
