Hi Good Evening Today market gives the close by broking the 3 month range and gives the breakout but we also near the above the levels of my indicators we are at upper end of range so what next? Then answer is wait for conformation and be with previous longs and time to book profit the US market is in good shape the INDIA VIX is comfortable
Now we talk about the Nifty and Banknifty:--
Nifty:-- The Support is at 18000 with the resistance of 18335 and this triggers the short covering or profit booking
Banknifty:-- The support is at 43000 with the resistance of 43800-44100
Sector and Stock Specific ( SSS ):-- All the major sectors good stocks looks good
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