Intraday study for Indian indices on 27 September 2022

Hi good morning

the ques shows the bounce back and also we have a oversold market as per PCR data the nifty holds the good support level at 16975-17000 which is good support level i worked till late night for giving you the great view i have shorted some levels and the stocks as mentioned the upside of nifty is 1st resistance is 17257 be cautious now check the below mentioned studies

and the It keep in radar

Hdfc bank looks good as it takes support at the imp. level of 1425

bank nifty levels are 38129 38441 38315

bank of Baroda looks good
avoider kotak bank for now
jubilant food
as FMCG looks good
Asian paints
titan
Cummins

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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See USL open low.. need to keep in radar

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Remember 1 thing in weak market we need to sell the weak stocks at upper levels to make money

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see the FMCG indices and IT indices refer the yesterday study as the market recover these 2 are leaders FMCG 600++ up and It 300++up

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broke its first support level after touching the 1st resistance major stocks in market did that

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I don't have the convection of going short at this level because the level of 16931 is that where we left the gap on 27-28 July and that is filled for now

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nifty bank is about 1500++ points above from the 27-28 July level the divergence.....

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see the market turns from that level the convection of not getting short on that level around 140++