Nifty Inching Up and Stock Market Tips

1
Nifty Inching Up and Stock Market Tips
The Indian Stock markets closed todays
session on a flat note in intra-day trades
on Wednesday. The Bombay Stock Exchange Sensex
closes at 21833 were up by 1point or rose 0.01
percent. SSP BSE Midcap gained 0.30 and
SP BSE Small cap rose 0.45 in todays
trade. Sensex Major Resistance on Upside at
21889-21945-22000 Sensex Major Support on
Downside at 21783-21733-21677 Trend Deciding
Level at 21839 Nifty Index Major Resistance on
Upside at 6541-6558-6574 Nifty Index Major
Support on Downside at 6508-6492-6475 Trend
Deciding Level at 6525 Major Headlines Ashok
I..eyland sells 50 lakh shares in Induslnd Bank
via bulk deal, normal trading Infosys signs five
year deal with Swedens Lansforsakringar AB State
Bank of Bikaner and Jaipur to consider interim
dividend on March 25 State Bank of Travancore to
mull interim dividend and rights issues on March
21 JSW Steel February crude steel production up
43 at 9.63 lakh tonnes (Y0Y) Polaris gains 30
in last 2 sessions Alstom TD wins order worth Rs
161 cr from Power Grid Bharti Airtel block deal
11.5 lakh shares exchanged on NSE at Rs
300/share Indian Indices The Nse Nifty
Index closed in the positive note today,
were up by 7 points and closes at 6524. In
excess of the next couple of days it is
expected to trend is up till 6575. In this
period the key support will be at 6480 and
resistance will be at 6575. 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 6340 and 6290
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
65lOand 6503 correspondingly, which are vital
intra-day levels. The
2
hourly impetus indicator encompass turned
positive. The market duration was turned
positive mode today with 741 advances and 703
declines on the National Stock Exchange. Nifty
Future Major Resistance on Upside at
6571-6594-6617 Nifty Future Major Support on
Downside is at 6528-6508-6485 Trend Deciding
Level at 6551 Bank Nifty Major Resistance on
Upside at 12317-12384- 12451 Bank Nifty Major
Support on Downside at 12181-12112-12045 Trend
Deciding Level is at 12248 5 Daily Moving Average
_at_ 6510 50 Daily Moving Average 6229 200 Daily
Moving Average 6004 5 Days Relative Strength
Index 76 and 14 Days Relative Strength Index _at_ 71
INDICATES NIFTY PLACED IN EXTREME BULLISH ZONE,
WITH BULLISH MOMENT. Global Trends Gold
Trading Below 1350-1342 US Dollar Index Trading
Around 80-79.64 Nymex Crude Trading Above
100-98.94 DOW Future Trading with 22 points gain
on Wednesday Intraday Trade Neutral Global Trend
Seen Stock Market 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 12300 sl 12250 Tgt
12350-12400 Or Sell below 12200 sl 12250 Tgt
12150-12100 Curious Fact India may be old
country-but it has a young population. More than
50 percent of Indians are below 25, and more
than 65 percent are 35, or younger.