Nifty Trades in a Fixed Range and Intraday Share Tips
Indian Intraday shares augment on Friday as campaigning for Britain's EU membership vote next week was suspended after the killing of a pro-'Remain' politician, easing fears of an exit, though indexes ended flat for the week after recently volatile trading. The Bombay Stock Exchange Sensex closes at 26626 were up by 100 point or impel high by 0.36 percent. Nse Nifty Closes at 8170 were rose by 29 points or plant slide glider up by 0.80 percent. The S&P BSE Midcap settling at 11359, down by 06 points or by 0.05 percent, while S&P BSE Small cap closer at 11435 up by 34 points, or 0.29 percent each 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 26502 40 DEMA at 26113 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 8120 40 DEMA at 7998 Short Term Trend: UP Medium Term Trend: UP Major Headlines Hdfc to get a Max Life Ujjas Energy up on receiving order worth Rs 21 Cr Kajaria hits a life time high Nifty Indices The Nifty opened higher and ended the trading session on a positive note. The Index traded in a tight trading range and for a brief period it slipped into negative zone. But, the Nifty managed to end the day higher. The Nifty is showing sideways movement and it is possibly making a triangle pattern. It seems to be consolidating ahead of the key global events next week. The Nifty as of now is trading between a range of 8060 on the downside and 8220 on the upside. It may gain momentum if it manages to cross 8220. On the downside, the Nifty can go lower to 8040 – 8020 if it breaks the support of 8060. However, the overall trend for the Nifty is positive. The short-term uptrend will reverse only if the Nifty breaks 7992. Meanwhile, the Bank Nifty has a similar set-up like the Nifty. The Bank Nifty is also trading in a narrow range. It may gain momentum if it manages to trade above 18,000. On the downside, the Bank Nifty may find support at 17527 – 17350. Overall, the Nifty and the Bank Nifty are in a consolidation mode. The trend remains positive and we shall maintain our short-term Nifty target of 8230 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 8120 and 7998 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 8144 and 8149 correspondingly, the hourly impetus indicator encompass turned positive. The market duration was turned negative with 744 advances and 796 declines, Unchanged 87 Total Issue 1627 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8206-8248-8291 Nifty Future Major Support on Downside is at 8136-8108-8066 Trend Deciding Level at 8178 Bank Nifty Major Resistance on Upside at 17830-17970-18110 Bank Nifty Major Support on Downside at 17580-17470-17330 Trend Deciding Level is at 17720 30 Days Simple Moving Averages @ 8031 50 Days Simple Moving Averages @ 7935 150 Days Moving Averages @ 7695 200 Days Simple Moving Averages @ 7768 Intraday Share Tips Buy Nifty Fut above 8168 sl 8149 Tgt 8190-8208 Buy Bank Nifty Fut above 17723 sl 17697 Tgt 17755-17780 Multibagger Stock Buy Emmbi Industries Limited 100 Target 130 Time Period: 6-9 Months Curious Fact Women speak about 20,000 words a day, while men only speak 7,000. .