Harshit_Saxena

Intraday study for Indian indices for 20th April 2023

NSE:NIFTY   Nifty 50 Index
Hi
Good Morning
As we have a weekly expire today and we witnessed a very low range session yesterday which is a typical a day before expire session today we as saw a session with in a range
The US market closes around flat so we don't have a big ques


Now we talk about the Nifty and Banknifty:--

Nifty:--
The support is at 17535-17495 with the resistance of 17717-17777

Banknifty:--
The support is at 42100-41850 with the resistance of 42450-42650

Sector and Stock Specific ( SSS ):--
As today has the expire then we saw a up and down move in major stocks enter at right time don't buy at high prices and as expire options trade only after 2PM because of time value erosion


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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