Hi Good Morning
Yesterday markets hits the all time high on both the indices and then some profit booking is seen from the top and today SGX indicating the opening of Negative note because of the Dow's corrected along with Nasdaq So the buying on dips is advisable because Indian markets are up in short term too
Now we talk about the Nifty and Banknifty
Nifty:---
The support is placed at 18400-18450 and the 18500 is the Psychological support which is harder to breach along with the resistance of 18677-18731
Banknifty:---
The support of banknifty is at 42800-43000 with the resistance of 43300-43500-43800
Sectors and the Stocks :---
CNXIT BANKS PSU PVT FINANCE CEMENT FMCG looks good
for the stocks look at the previous study the buy on dips is advisable
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
Yesterday markets hits the all time high on both the indices and then some profit booking is seen from the top and today SGX indicating the opening of Negative note because of the Dow's corrected along with Nasdaq So the buying on dips is advisable because Indian markets are up in short term too
Now we talk about the Nifty and Banknifty
Nifty:---
The support is placed at 18400-18450 and the 18500 is the Psychological support which is harder to breach along with the resistance of 18677-18731
Banknifty:---
The support of banknifty is at 42800-43000 with the resistance of 43300-43500-43800
Sectors and the Stocks :---
CNXIT BANKS PSU PVT FINANCE CEMENT FMCG looks good
for the stocks look at the previous study the buy on dips is advisable
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
