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Intraday study for Indian indices for 24th January 2023 for NSE:NIFTY by Harshit_Saxena

Hi Good Morning

Yesterday we saw that market hits the level of 18161 and come down and not able cross our resistance which is also the 1st target of the intraday and for short covering market has to close the level of 18225 The HDFC TWINS perform well along with IT

The US market closes in green for 2 straight day and the Nasdaq further closes above 2%

The SGXNIFTY showing the Gapup of 90 points

The India VIX is cools down

Now we talk about the Nifty and Banknifty:–

Nifty:–

the support of nifty is near about the 18075-18125 range with the resistance of 18177-18211 and the short covering triggers above the 18225 and market shows the huge upmove

Banknifty:–

The Support is at 42500-42650 with the resistance of 43000-43100-43300 after the short covering triggers after crossing the levels of 43100

Sector and Stock Specific ( SSS ):–

The major sector which i highlighted in pervious study doing good and the HDFC TWINS is doing great with the L%T and The IT so look at them for budget related swing

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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