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| S.no | Sector | Remarks |
| 1 | Nifty | Nifty closed at 17956, around 100 points up from last week. Made low of 17761 so support level of 17750 is still intact. Moving in tight range of 18279-17750, most of the indexes are moving in a range so any side breakout/brkdown can give fast momentum. During weekend HDFC bank is going to announce qtrly results and i think Friday’s rally in Banknifty has already factored in. Next week lot of big names like ICICI bank, Asian paint, HUL, Kotak, Ultratech are coming up with their results, so volatility is going to be there. Below 17770 17626, 17555 are important support level, on upside 18254 is major hurdle above this 18405, 18700 can be achieved. Indigo gave highest weekly close after feb’22, so looks its ready for its flight, can touch 2173, 2233 |
| 2 | Nifty Bank | Closed at 42371, just 100 points up from last week close, tested low 41729, high of 42716 around 1000 point movement but still made confusing candle on weekly TF but on day TF it has made tweezer bottom which shows next week we can get some upside thrust. This index is also moving in a tight range and one side movement is pending. Whichever direction this will go, it will take Nifty also along with it. On Down side 41375 is important support and if that’s breached then expect 1000 points downside pressure. Since 19th Sept 2022, indusind bank is moving in a range of 1150-1250, this week closed at 1233, above 1280 expect some fireworks on upside, put alert for this level |
| 3 | Nifty PSU bank | Closed at 4274 at same level of last week, again made indecision candle on weekly TF. If 4423 is crossed then 4491,4565 will come fast, weekly closing below 4036 can cause some issue then 3728 can be tested which will be right place to buy. Many stocks in this index are waiting to explode keep eyes open |
| 4 | Nifty Auto | Closed at 12832, around 200 point up from last week, made high of 12906, low of 12694, above 13000 can expect some good momentum. This week again Bajaj Auto has made hammer candle, which is a bullish sign, above 3666 this can move very fast till 3703, 3766, 3780, 3900. Put alert for this level |
| 5 | Nifty IT | Closed at 28933, up around 970 points from last week, breaking last week’s bearishness. But apart from TCS, INFY there is not much participation from other stocks of this index. Till monthly time frame is not bullish am ok to buy at support but not at current level. On upside 29318, 29632 are imp resistances, and on downside 27863, 27700, 27500 are support level. LTTS for short below this week’s low for 2.79% gains keep eyes open |
| 6 | Nifty Infra | Closed at 5228, around same level of last week’s close. Again narrow range movement so expecting 1 fast movement along with NIFTY, Nifty bank. This index can give good long opportunity either at 5097,4880 level or above 5356. Wait n watch |
| 7 | Nifty Pharma | Closed at 12667 around same level of last week’s close. Again made confusing Doji candle on weekly TF, around 11931 we can initiate some position for long term, till then avoid sector |
| 8 | Nifty Metal | Closed at 6861 around 160 points from last week. Last week made inverted hammer which is a bearish sign, this week made hammer which is a bullish sign. Now this sector is at very interesting phase, above 6918 we can expect some fireworks. Keep eyes on jswsteel above 790, vedl, hindalco, tatasteel above their respective this week’s high. |
| 9 | Nifty FMCG | Closed at 43967 around 400 points down from last week, money moved from FMCG to banks this week, now let’s wait for next week movement. On weekly TF4 this index should not close below 43663/43500 level else fast downward movement can happen which will long term investor chance to enter. |
| 10 | Midcap & Small cap | Midcap closed t 31311 around 100 point down from last week’s close. I think there is more selling pressure going to come and whenever breakdown will happen in Nifty midcap & small cap are going to bleed the most. In midcap support levels are 30842, 30646, 30106 around which we can look for quality stocks to buy. Small cap closed 9671 just 15 points up from last week which is not great movement, and similar to midcap, in Small cap also i am not very bullish. Below 9550 it can slide down faster to 9473, 9225. People having major exposure to midcap & small cap should lock or book profit wherever possible to avoid losses. |
| 11 | Nifty Energy | Closed at 25846, same doji candle like other index, only above 26301 can expect some movement in this counter. ONGC still not able to cross 150, above this level can expect fast movement to 153/157 |
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