Nifty Lazing Around and Intraday Tips

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Nifty Lazing Around and Intraday Tips
Indian stocks edged higher today, hitting a
sixth consecutive day record high and their
best monthly gain since October as strong
foreign buying has sparked a unite in blue
chips, particularly those depending on
the domestic economy. The Bombay Stock
Exchange Sensex closes at 22387 were up by 47
points or rose 0.21 percent Banking sector was
under selling pressure ahead of the
Reserve Bank of Indias (RBI) monetary policy
meet on Tuesday (April 01, 2014). Sensex Major
Resistance on Upside at 22484-22581-22678 Sensex
Major Support on Downside at 22273-22159-22062
Trend Deciding Level at 22370 Nifty Index Major
Resistance on Upside at 6736-6766-6796 Nifty
Index Major Support on Downside at 6670-6634-6604
Trend Deciding Level at 6700 Major
Headlines IRB Infra promoter releases pledge on
1.35 cr shares on March 28 BHEL gets order worth
Rs 125 cr for 120 MW hydroelectric project in
Uttarakhand Larsen and Toubro AM Naik sells 1.17
lakh shares on March 27 Mercator Consortium wins
order from Myanmar govt NTPC says 30 MW Solar PV
Power Station at Rajgarh commissioned Siti Cable
promoters allotted 685 cr shares via warrant
conversion HCL Tech in strategic pact with Avaloq
for wealth management services Indian
Indices The Nse Nifty Index closed in the
positive note today, were up by 08 points
and closes at 6601. In excess of the next
couple of days it is expected to trend is up
till 6740. In this period the key support will be
at 6670 and resistance will be at 6740. The
Nifty has been forming higher tops and
higher bottoms it has also closed above
the previous swings high which is a positive
sign for the market In the daily chart the
index is trading above the Twenty-Daily
moving averages (DMA) and the Forty-DMA, ie
6522 and 6404 correspondingly. The momentum
pointer is trading in positive mode. In the
hourly chart, the Nse Nifty is trading above the
Twenty-hourly moving average (HMA) and the
Forty-HMA, ie 6670 and 6634 correspondingly,
which are vital intra-day levels. The
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hourly impetus indicator encompass turned
negative. The market duration was turned
positive mode today with 997 advances and 464
declines on the National Stock Exchange. Nifty
Future Major Resistance on Upside at
6773-6799-6825 Nifty Future Major Support on
Downside is at 6714-6681-6655 Trend Deciding
Level at 6740 Bank Nifty Major Resistance on
Upside at 12923-13036-13149 Bank Nifty Major
Support on Downside at 12724-12638-12525 Trend
Deciding Level is at 12837 5 Daily Moving Average
_at_ 6646 50 Daily Moving Average _at_ 6288 200 Daily
Moving Average _at_ 6031 5 Days Relative Strength
Index _at_ 90 and 14 Days Relative Strength Index _at_
78 INDICATES NIFTY PLACED IN EXTREME BULLISH
ZONE, WITH BULLISH MOMENT. Global
Trends Gold Trading Below 1300-1294 US Dollar
Index Trading Around 80-80.20 Nymex Crude Trading
Above 100-101.70 DOW Future Trading with 148
points gain on Monday Intraday Trade Green Global
Trend Seen Intraday Tips Buy Nifty Fut April
Intraday above 6755 sl 6730 Tgt 6775-6800 Or
Sell Below 6730 sl 6755 Tgt 6710-6685 Buy Bank
Nifty April Intraday above 12850 sl 12800 Tgt
12900-12950 Or Sell below 12750 sl 12800 Tgt
12700-12650 Curious Fact On May 6th 2013,
100,000 employees of a private business house in
Lucknow, wearing uniforms, sang the Indian
national anthem together in an awe-in-spring
performance. On another occasion, over a million
employees of the Shara Group, in 4512 offices,
sang Jana Gana Mana together. Jat Hind.