Nifty Interestingly Balanced in Intraday Trading Tips

1
Nifty Interestingly Balanced in Intraday
Trading Tips
Indian Intraday Trading shares upturned early
gains and closed at their buc1ets in two wee1s
as investors boomed profits a day prior to
U.S. Federal Reserve Chair facet Yellen's
speech that is anticipated to provide clues
on outlook for U.S. interest rates. The
8ombay Stoc1 Exchange 5erisex closes at
27B36 were moving down by 224 points or
impel down by 0.80 percent. Nse Nifty Index
Closes at 8592 were down stirred by 58
points or mute ladder by 0.67 percent. The
ShP BSE Midcap settling at 12978, down by
46 points or by 0.35 percent, while SAP BSE
Small cap closes at 12502 were down by 13
points, or 0.11 percent. Tue Top Ratners or
the National Stoc1 Exchange were Bhe1,
8pc1, Cart, Itc, Hc1 Tech. On the flip side,
Wipro, Adarii Ports, Idea, Zee1, Techm was
the top losers on Day trading. The Indian
Rupee opened a little bit higher at 67.09 per
dollar opposed to previous close of
67.11. Serisex Major Resistance on Upside at
28056-28276-28496 Serisex Major Support on
Downside at 27711-27586-27366 Trend Deciding
Level at 27931 20 DSMA at 27998 40 DEMA at
27690 Short Term Trend Up Medium Term Trend
Up Nifty Index Major Resistance on Upside at
8658-8724-8790 Nifty Index Major Support on
Downside at 8555-8518-8452 Trend Deciding
Level at 8621 20 DSMA at 8633 40 DEMA at
8521 Short Term Trend Up Medium Term Trend
Up Major Headlines Lupin gains as its arm
receives USFDA approval for Generic Zyvox
Tablets ILhFS Transportation rises on plan to
sell entire stake in APEL for Rs 140.37 crore
Engineers India zooms on reporting 50 surge
in O1 net profit Strides Shasun gains on
receiving USFDA Approval for Polyethylene
Glycol 3350 Tata Power moves up as its consumer
base crosses 2 million marks across the
country AstraZeneca tanks almost IU on
termination notice for Meronem Nifty Indices On
25 August 2016 Foreign Institutional
Investors tFIIJ Net Sold INR 372.08
Crores and Domestic Institutional Investors
1DIII Net Sold INR 357.02 Crores Nifty
opened affirmative but ended the trading
session or a negative note. The Index
resists at the elevated end of triangle and
closed at the lower end of the conduit.
It is interestingly balanced now If the
Nifty breaks and sustains below 8580, then it
can test 85408515 levels Lying or the
upside, 8620 will now be active as a
resistance, above which a move toward 8680
is possible. The Index has been trading in
a triangle for the past one month or so
It may find route once it breaches whichever
side of the triangle
2
In the meantime, the Bank Nutty is
consolidating after witnessing range getaway.
It has a very strong support at
1913019150. Instantaneous support for the
8ank Nifty lies at 19245 while it has
resistance at 19430. Dips should be seen as a
buying opportunity. We preserve our bullish
posture on the Nifty for a short term target
of 8850 as long as it is trading above 8515. In
the daily chart the index is trading between
the Twenty-day moving averages tDMA) arid the
Forty-DMA, ie 8633 arid 8521 respectively. The
thrust indicator is trading in negative sort
on the daily chart In the hourly chart, Nifty
is trading below the Twenty-hourly moving
averages (HMA) arid the Forty-HMA, ie 8638
arid 8644 correspondingly, the hourly impetus
indicator encompass turned negative. The market
duration was turned negative with 636
advances arid 935 declines, Unchanged 83 Total
Issue 1654 on the National Stock Exchange. Nifty
Future Major Resistance on Upside at
8708-8777-8846 Nifty Future Major Support on
Downside is at 8602-8565-8496 Trend Deciding
Level at 8671 Bank Nifty Major Resistance on
Upside at 1949-1960-19714 Bank Nifty Major
Support on Downside at 19329-19273-19163 Trend
Deciding Level is at 19439 30 Days Simple Moving
Averages p 8610 0 Days Simple Moving Averages p
847 ISO Days Moving Averages p 7919 200 Days
Simple Moving Averages p 7887 To get good
advantage join our paid services Intraday
Tradinq Tips 8uy Nifty Fut above 8688 st 8663
Tqt 8708-8733 Or1 Sell 8elow 8622 st 8647 Tqt
8602-8577 8uy Bank Nifty above 1944 st
19395 Tqt 19495-1954 Or1 Sell Below 19330
st 19380 Tqt 19280-19230 Multibagger Stock 8uy
Steel Strip Wheels Nse Code SSWLJ Above 500
Target 625 Time Period 6-9 Months Curious
Fact Tennis was originally played with bare hands