Hi Good Morning
Yesterday the expire of nifty and bank nifty was in the range and then we saw that the Dow's move 1200points which is about the 3.70% and the Nasdaq is at 760 points plus which is about the 7.35%up So as you seen that i give you the level of Nasdaq after which we see a huge up move but i didn't expect the move comes in 1 day and the level is 10777 at spot and 11237 at futures and we saw after crossing these levels huge up move comes The SGXNIFTY is at 18400 futures So i will give you the levels according to the futures
Now we talk about the nifty and bank nifty the nifty yesterday tests the breakout level of 17960 and then comes up as i mentioned in my yesterday discussion and closes above 18000
So for today the levels are after considering the gap up 18200 holds a strong support with the 18460 as a major resistance and the ultimate support comes at 18100 but this didn't visit today because of euphoria of gap up so don't chase it wait to come it some points lower and then chase
Now the bank nifty the ultimate support is at 41500 along the resistance of 41800-42100-42300-42500-42800 these are the resistance which may overcome today that's why i give you the huge range
Now the sector and stock it doesn't meant for today because i talk on data but still i am sharing this with you
Godrejprop, lupin, motherson, Amararaja, Pidilite, escorts, havells, hero, colpal, Reddylab,
are up in yesterday so may continue momentum
Auro, pel, deepak, gujratgas, page, axisbank,
Sector CNXIT, BANKNIFTY, CAPITALGOOD, ENERGY, REALYTY, PHARMA, FERTILIZER, CEMENT,
LTI, HCLTECH, TECHM, INFY, TCS, BSOFT,HDFCBANK, KOTAKBANK ,HDFC, BAJAJTWINS All are looking good for today
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