Hi good morning
today is the weekly expire of nifty and bank nifty and we saw yesterday that the Dow's corrected more then 600 points and the Nasdaq failed to gain its important levels on my charts which is 11237 and closes below 11000 on futures and the SGX nifty is suggesting the opening of around -80 points on futures and if you take my opinion then below is the study
Nifty the resistance is at 18200 because of max oi of calls and the base is around the 18050-18100 and then the 17960 is the level which sponsor the huge bounce towards the level of 18150 and if we broke all the levels on the 15min charts then the 17800 is also possible
Now the bank nifty the major resistance is t 42000-41800 and the support is around 41300-41500 if failed to Concore the levels then the 41000 is sponsor the swing but the 41275 is a good level for base
Now the sector and stocks
PIIND, PNB, BOB, TVS, CUMMINS, VOLTAS, HERO, JUBILANTFOOD, HCLTECH, CONCOR, BANK NIFTY , MSFL, NIFTY, LTI, SYNGINE, IEX, POLYCAB,
CEMENT HAS THE MOST SHORTS , CAPITAL GOODS, FMCG MOST SHORTS , AUTO, PHARMA ,,LONGS ARE IN BANKNIFTY IT , FERTILIZER
COMMENT BELOW FOR THE LEVELS AND TRADE SETUP
FOLLOW AND SHARE FOR MORE AND STAY UPDATED
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