Nifty down but not out and Intraday Tips

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Nifty down but not out and Intraday Tips
Key Indices slipped on Tuesday as investors
booked profits after a five-day rally
which pushed the Sensex above 22,000 marks
in intra-day trades on Monday. The Bombay
Stock Exchange Sensex closes at 21827 were down
by 109 points or fell 0.49 percent. SP BSE Mid-
cap down by 0.29 percent and SP BSE
Small-cap were modestly up by 0.02 percent
on closes of Intraday Trade. Sensex Major
Resistance on Upside at 21971-22115-22259 Sensex
Major Support on Downside at 21729-21631-21487
Trend Deciding Level at 21873 Nifty Index Major
Resistance on Upside at 6606-6700-6793 Nifty
Index Major Support on Downside at 6349-6186-6092
Trend Deciding Level at 6443 Major Headlines Tata
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gets US FDA nod for generic of hypertension Drug
Caduet HMT says govt approves Rs 1083.48 cr for
cos revival plan Godrej Properties to develop
Godrej Boyces Vikhroli project NMDC Apr-Feb
Iron Ore production at 26.42 mt Vs 23.52 mt
(Y0Y) Indian Indices The Nse Nifty Index closed
in the negative note today, were down by 25
points and closes at 6511. In excess of the next
couple of days it is expected to trend is up
till 6540. In this period the key support will be
at 6439 and resistance will be at 6540. 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 6226 and 6230 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 6518 and 6439 correspondingly,
which are vital intra-day levels. The hourly
impetus indicator encompass turned negative. The
market duration was turned negative mode today
with 635 advances and 830declines on the National
Stock Exchange. Nifty Future Major Resistance on
Upside at 6586-6620-6654 Nifty Future Major
Support on Downside is at 6520-6488-6454 Trend
Deciding Level at 6554 Bank Nifty Major
Resistance on Upside at 12298-12461-12623
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Bank Nifty Major Support on Downside at
12010-11885-11722 Trend Deciding Level is at
12173 5 Daily Moving Average _at_ 6461 50 Daily
Moving Average _at_ 6202 200 Daily Moving Average
_at_ 5993 5 Days Relative Strength Index _at_ 80 and
14 Days Relative Strength Index _at_ 72 INDICATES
NIFTY PLACED IN EXTREME BULLISH ZONE, WITH
BULLISH MOMENT.
Global Trends Gold Trading Around 1350-1350 US
Dollar Index Trading Around 80-79.96 Nymex
Crude Trading Above 100-100.74 DOW Future
Trading with 32 points loss on Tuesday Intraday
Trade Mild Bearish Global Trend Seen Events on
Wednesday CPI YoY data to be announced
Events Index for Industrial Production YoY
figures to be released Options Trading Tips Buy
Nifty Fut March Intraday above 6580 sl 6555 Tgt
6600-6625 Or Sell Below 6530 sl 6555 Tgt
6510-6485 Buy Bank Nifty March Intraday above
12180 sl 12130 Tgt 12230-12280 Or Sell below
12080 sl 12130 Tgt 12030-11980 Curious Fact The
largest number of English speaking people in
the world is found not in England, but in
India! English is so widely spoken throughout
speak it themselves!