The Pull of Bull and Stock Trading Tips

1
The Pull of Bull and Stock Trading Tips
Indias benchmark BSE index edged up on Wednesday
to approach a record closing high hit last
month, extending a recent rally as continued
foreign-investor buying boosted blue chips. The
Bombay Stock Exchange Sensex closes at
21277 were up by 68 points or rose 0.32
percent. Bse Mid cap index roses 0.94 percent
and the Bse Small Cap Index were gained
by 0.47 percent on today Day Intraday Trade
Closes. Sensex Major Resistance on Upside at
21343-21408-21473 Sensex Major Support on
Downside at 21196-21114-21049 Trend Deciding
Level at 21261 Nifty Index Major Resistance on
Upside at 6348-6367-6385 Nifty Index Major
Support on Downside at 6300-6271-6252 Trend
Deciding Level at 6319 Major Headlines Ansal
Properties block deal 50 lakh shares exchanged
on BSE at Rs 17.40/share Idea Cellular block
deal 60 lakh shares exchanged on NSE at Rs
132-132.35/share Election Commission announces
schedule for 16th Lok Sabha Elections Asian
Paints promoter creates pledge on 47.3 lakh
shares on Feb 28 IRB Infra gets appointed bid
from NHAI for Goa-Kundapur BOT road
project Indian Indices The Nse Nifty Index
closed in the positive note today, were up by 30
points and closes at 6328. In excess of the next
couple of days it is expected to trend is up
till 6360. In this period the key support will be
at 6255 and resistance will be at 6360. The Nifty
has been forming higher tops and higher bottoms
it has also closed above the crucial retracement
level, ie 6265, 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 6135 and 6170 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 6278 and 6255
correspondingly, which are vital intra-day
levels. The hourly impetus indicator encompass
turned positive. The market duration was turned
positive mode today with 835 advances and 592
declines on the National Stock Exchange. Nifty
Future Major Resistance on Upside at
6371-6394-6417 Nifty Future Major Support on
Downside is at 6316-6284-6261 Trend Deciding
Level at 6339 Bank Nifty Major Resistance on
Upside at 11197-11303-11408 Bank Nifty Major
Support on Downside at 10938-10785-10679 Trend
Deciding Level is at 11044
2
5 Daily Moving Average _at_ 6272 50 Daily Moving
Average _at_ 6186 200 Daily Moving Average _at_
5986 5 Days Relative Strength Index _at_ 76 and 14
Days Relative Strength Index _at_ 65 INDICATES
NIFTY PLACED IN TRADING ZONE, WITH BULLISH
MOMENT.
Global Trends Gold Trading Around 1350-1337 US
Dollar Index Trading Above 81-80.22 Nymex Crude
Trading Above 100-102.92 DOW Future Trading Flat
on Wednesday Intraday Trade Green Global Trend
Seen Stock Trading Tips Buy Nifty Fut March
Intraday above 6360 sl 6335 Tgt 6380-6405 Or
Sell Below 6310 sl 6335 Tgt 6290-6265 Buy Bank
Nifty March Intraday above 11160 sl 11111 Tgt
11210-11260 Or Sell below 11060 sl 11111 Tgt
11010-10960 Curious Fact White Bengal Tigers
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