Nifty Notice Late Rush and Best Intraday Tips Provider
Indian Best Intraday Stock Markets reversed two sessions of losses to close higher on Thursday as poll booths opened for Britons to vote on a referendum about whether or not to exit the European Union. The Bombay Stock Exchange Sensex closes at 27002 were up by 237 point or impel high by 0.88 percent. Nse Nifty Closes at 8270 were credit by 67 points or plant slide glider up by 0.81 percent. The S&P BSE Midcap settling at 11436, up by 31 points or by 0.27 percent, while S&P BSE Small cap closer at 114446 down by 04 points, or 0.04 percent each on Intraday Stock Market Trading. Sensex Major Resistance on Upside at 27134-27266-27398 Sensex Major Support on Downside at 26792-26582-26450 Trend Deciding Level at 26924 20 DSMA at 26730 40 DEMA at 26246 Short Term Trend: UP Medium Term Trend: UP Nifty Index Major Resistance on Upside at 8328-8385-8443 Nifty Index Major Support on Downside at 8170-8069-8012 Trend Deciding Level at 8227 20 DSMA at 8191 40 DEMA at 8039 Short Term Trend: UP Medium Term Trend: UP Major Headlines KEC International Jumps that it has bagged a Rs. 1036 Crore Orders Hubtown stir up with rotate Deepak Fertilizers glides on ICRA demote Nifty Indices The Nifty opened flat but ended the trading session on a positive note. The Index traded in a narrow range for the most part of the session, but suddenly spurted in the last one-and-a-halfhours. We had mentioned in our earlier reports that the Nifty has given a breakout from a triangular pattern and a move towards recent high of 8295 is likely. After several days of consolidation, the Index today moved towards the swing high. Given that the Nifty has closed above 8260, a move towards 8300–8336 is likely now. However, this is a strong resistance zone. The Nifty may see a good run only if it manages to sustain above 8336–8350 levels. Hence, traders should now look to book profit or keep a trailing stop loss before Friday’s Brexit result. On the lower side, 8220–8165 will act as a support. Meanwhile, the Bank Nifty has also given a breakout from a triangular pattern. Hence, a move towards 18000-18050 is likely. The Bank Nifty will gain momentum if it manages to sustain above 18050. On the downside, 17762–17527 will act as a support zone and on the higher side; 18000 – 18220 will act as a resistance. The Nifty and the Bank Nifty are approaching significant resistance zones. It would be interesting to see if the Nifty and the Bank Nifty break out above these resistance levels or turn
lower. Overall, the trend remains positive as long as the Nifty is trading above 7992. Thus, we shall maintain our short-term Nifty target of 8230. In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8191 and 8039 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 8214 and 8198 correspondingly, the hourly impetus indicator encompass turned positive. The market duration was turned negative with 615 advances and 943 declines, Unchanged 88 Total Issue 1646 on the National Stock Exchange. Nifty Future Major Resistance on Upside at 8334-8379-8424 Nifty Future Major Support on Downside is at 8217-8145-8100 Trend Deciding Level at 8262 Bank Nifty Major Resistance on Upside at 18015-18135-18255 Bank Nifty Major Support on Downside at 17680-17465-17345 Trend Deciding Level is at 17800 30 Days Simple Moving Averages @ 8078 50 Days Simple Moving Averages @ 7986 150 Days Moving Averages @ 7706 200 Days Simple Moving Averages @ 7774 Best Intraday Tips Provider Buy Nifty Fut above 8311 sl 8288 Tgt 8331-8356 {Or} Sell Below 8221 sl 8266 Tgt 8201-8176 Buy Bank Nifty Fut above 17960 sl 17910 Tgt 18010-18060 {Or} Sell Below 17845 sl 17895 Tgt 17795-17745 Multibagger Stock Buy Emmbi Industries Limited 100 Target 130 Time Period: 6-9 Months Curious Fact Coca Cola India has 54 plants in India of which 24 are franchise plants, 25 are company-owned and 5 are co-packers. Coca Cola India sells a range of soft drinks including Coca-Cola, Thums Up, Fanta, Limca, Sprite and Maaza, among others. .