Nifty Breaking into a Sprint and Stock Trading Tips

1
Nifty Breaking into a Sprint and Stock Trading
Tips
Indian shares jumped over one percent on
Monday to record highs, surpassing their
previous all-time highs hit just last week
as lenders including ICICI Bank extended a
recent rally boosted by strong foreign investor
flows. The Bombay Stock Exchange Sensex closes
at 22056 were up by 301 points or rose 1.38
percent. BSE Midcap index rose 0.13, while
the BSE Smallcap index gained 0.15 in trade
today Sensex Major Resistance on Upside at
22175-22285-22394 Sensex Major Support on
Downside at 21856-21645-21536 Trend Deciding
Level at 21965 Nifty Index Major Resistance on
Upside at 6619-6653-6687 Nifty Index Major
Support on Downside at 6523-6461-6427 Trend
Deciding Level at 6557 Major Headlines ONGC gains
as board likely to approve interim
dividend Techno Electric soars on stake hike by
promoter JP Associates says board to meet today
to mull stake sale in JV arms Reliance Power
says 3rd 660 MW unit of 3,960 MW Sasan UMPP
starts power generation Ecommerce Market in
India expected to grow 4 times by CY17 Supreme
Infra receives orders worth Rs 618 cr Sunil
Hitech Engineers promoter ups stake in co. by
5 via warrant conversion Mastek Ashish Dhawan
cuts stake in co. by 4.06 to 6.08 BHEI.. gets
Rs 3,000 cr order from NTPC for 2x800 MW
supercritical boilers Redington block deal 12.4
lakh shares exchanged on BSE at Rs
68.10/share Indian Indices The Nse Nifty
Index closed in the positive note today,
were up by 88 points and closes at 6583. In
excess of the next couple of days it is
expected to trend is up till 6600. In this period
the key support will be at 6523 and resistance
will be at 6600. 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 6416 and 6332 correspondingly.
The momentum pointer is trading in negative
mode. In the hourly chart, the Nse Nifty is
trading above the Twenty-hourly moving average
(HMA) and the Forty-HMA, ie 6525 and 6332
correspondingly, which are vital intra-day
levels. The hourly impetus indicator
encompass turned negative. The market
duration was turned positive mode today with
699 advances and 762 declines on the National
Stock Exchange. Nifty Future Major Resistance on
Upside at 6629-6660-6691 Nifty Future Major
Support on Downside is at 6550-6502-6471 Trend
Deciding Level at 6581
2
Bank Nifty Major Resistance on Upside at
12576-12683-12790 Bank Nifty Major Support on
Downside at 12256-12043-11936 Trend Deciding
Level is at 12363 5 Daily Moving Average _at_
6520 50 Daily Moving Average _at_ 6250 200 Daily
Moving Average _at_ 6012 5 Days Relative Strength
Index _at_ 78 and 14 Days Relative Strength Index _at_
71 INDICATES NIFTY PLACED IN EXTREME BULLISH
ZONE, WITH BULLISH MOMENT. Global Trends Gold
Trading Below 1350-1317 US Dollar Index Trading
Around 80-80.34 Nymex Crude Trading Above
100-100.05 DOW Future Trading with 34 points loss
on Monday Intraday Trade Neutral Global Trend
Seen Stock Trading Tips Buy Nifty Fut March
Intraday above 6625 sl 6600 Tgt 6645-6670 Or
Sell Below 6575 sl 6600 Tgt 6555-6530 Buy Bank
Nifty March Intraday above 12515 sl 12465 Tgt
12565-12615 Or Sell below 12415 sl 12465 Tgt
12365-12315 Curious Fact The Sri Venkateswara
Temple at Tirupati is the most visited
pilgrimage destination in the world.