Bears Rear Battle and Intraday Stock Market Trading Tips Indian Intraday Stock Market Shares fell more than 1 percent on Thursday Trading, heading for their fifth fall in six sessions, reflecting the negative sentiment across the globe after the Bank of Japan refrained from taking further stimulus steps. The Bombay Stock Exchange Sensex closes at 26525 were down by 201 point or impel low by 0.75 percent. Nse Nifty Closes at 8141 were down by 66 points or plant slide glider low by 0.80 percent. The S&P BSE Midcap settling at 11365, down by 42 points or by 0.37 percent, while S&P BSE Small cap closer at 11402 down by 62 points, or 0.55 percent each in today Intraday Stock Market Trading. Sensex Major Resistance on Upside at 26755-26984-27214 Sensex Major Support on Downside at 26307-26088-25859 Trend Deciding Level at 26623 20 DSMA at 26437 40 DEMA at 26088 Short Term Trend: UP Medium Term Trend: UP Nifty Index Major Resistance on Upside at 8232-8322-8413 Nifty Index Major Support on Downside at 8063-7984-7894 Trend Deciding Level at 8153 20 DSMA at 8100 40 DEMA at 7989 Short Term Trend: UP Medium Term Trend: UP Major Headlines Mahanagar Gas IPO to open on June 21 Cromptopn Greaves hits new high up less than 1% Sequent Scientific faces suspension Nifty Indices The Nifty opened gap down and ended the trading session on a negative note. It was under pressure in the first half of the session, but bounced back from the crucial support zone of 8060 – 8080 toward the close of trade. Still, it eventually ended lower. After today’s fall, it seems that the Nifty is still in a corrective mode. If the Nifty doesn’t break the low of 8064, then it is likely forming a triangle pattern, which should break on the upside. On the other hand, a move toward 8040 – 8025 is possible if the Nifty breaks the low of 8064. However, the short-term uptrend in the Nifty is still intact as long as it stays above 7992. The Nifty will gain momentum on the upside if it crosses 8220. On the downside, the Nifty will gain momentum once it breaks below 7992. The broader range for the Nifty is 7992 – 8350. The Index may continue to trade within the broader range till it breaches either end of the range. Meanwhile, the Bank Nifty is also in a corrective mode. It will gain momentum once it sustains above 18,000 levels, otherwise it may also continue to trade within a broad trading range of 17000 – 18000. Near-term support for the Bank Nifty is around 17527 – 17350 levels, whereas near-term resistance levels are 17762 – 17943. Overall, the Nifty and the Bank Nifty are in a corrective mode, but every dip can be seen as a buying opportunity. We shall maintain our positive bias on the Nifty for a short-term target of 8520 as long as it is trading above 7992. In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8100 and 7989 respectively. The thrust indicator is trading in negative sort on the daily chart In the hourly chart, Nifty is trading above the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 8122 and 8143 correspondingly, the hourly impetus indicator encompass turned negative. The market duration was turned negative with 535 advances and 1031 declines, Unchanged 76 Total Issue 1642 on the National Stock Exchange. Nifty Future Major Resistance on Upside at 8203-8253-8303
Nifty Future Major Support on Downside is at 8094-8035-7985 Trend Deciding Level at 8144 Bank Nifty Major Resistance on Upside at 17808-17957-18105 Bank Nifty Major Support on Downside at 17522-17385-17236 Trend Deciding Level is at 17671 30 Days Simple Moving Averages @ 8003 50 Days Simple Moving Averages @ 7916 150 Days Moving Averages @ 7692 200 Days Simple Moving Averages @ 7767 Intraday Stock Market Trading Tips Buy Nifty Fut above 8177 sl 8155 Tgt 8197-8222 {Or} Sell Below 8111 sl 8133 Tgt 8091-8066 Buy Bank Nifty Fut above 17733 sl 17688 Tgt 17783-17833 {Or} Sell Below 17600 sl 17644 Tgt 17550-17500 Multibagger Stock Buy Emmbi Industries Limited 100 Target 130 Time Period: 6-9 Months Curious Fact Many Hamsters only blink one eye at a time. .