Intraday Study for Indian Indices for 14th December 2022 by Harshit_Saxena on TradingView.com

Hi Good Morning
Yesterday after witnessing a perfect session of range wise the Market moves up in closing and follow on we saw that the CPI numbers of the US market give boost to the market and Dow's almost 700++ points up at the time of opening of US market and also the Nasdaq is up but as i told that the market is in consolidation and waiting for FED policy rates hike So all the move is fizzle out with the day and at some point of time Dow's goes in red as well because all the upside momentum is created by short covering and the upper level is Profit booking and long unwinding is happens an Now all the Markets waiting of FED Policy
Now we talk about the nifty and banknifty

Nifty:--
The support is at 18475-18525-18550 with the resistance of 18690-18720 after crossing this level the more upside may seen towards 18777

Banknifty:--
The support is at 43500-43800 as this is the breakout levels with the resistance of 44100-43300

Sector and Stocks:--
The Major stocks looks good but we have a big event so in my opinion Don't carry longs aggressively if anyone wants to long may be the good levels but if take after the policy will be good
I am personally Not carry anything for the day

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