Nifty a Good Beginning and Stock Market Tips for Intraday

Stock Market Tips for IntradayIndian Intraday Stock markets ended with little change on first trading day of 2015 as gains in telecom stocks such as Bharti Airtel on news of spectrum pricing were offset by profit-taking in some blue-chips. The Bombay Stock Exchange Sensex closes at 27508 were nick up by 9 points or blow up by 0.03 percent. Nse Nifty Closes at 8284 were healing up by 2 points or plant slide up by 0.02 percent. The BSE Mid-cap index gained 0.65 Percent and Small-cap index gained by 1.25 in today intraday trading.

Sensex Major Resistance on Upside at 27578-27647-27716

Sensex Major Support on Downside at 27419-27329-27260

Trend Deciding Level at 27488

Nifty Index Major Resistance on Upside at 8303-8322-8341

Nifty Index Major Support on Downside at 8256-8228-8209

Trend Deciding Level at 8275

Major Headlines

Maruti Suzuki December 2014 volumes awake an imposing 20.8 percent YoY

Liquefied Petroleum Gas cylinder price cut by Rs 43.5

November month infrastructure production hits 5-month elevated of 6.7 percent

Nifty Indices

After opening in the negative the Nifty closed in the positive territory on the first day of the New Year. It also managed to close above the Twenty-day moving average (DMA) and the Forty-day exponential moving average, which had been stand-in as a hurdle for the past couple of days. Now it seems that the index has broken out of the range and the wave II of wave C-III up has begun which will take it towards the upper end of the mounting channel, ie towards our short-term target of 8455. At the lower end, 8220 continues to be an immediate support and till that is held the short-term traders need not worry. The Bank Nifty too seems to have broken out from the range formed in its wave II or III of 5 up. So based on these observations we maintain our short-term bias up.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8274 and 8268 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8264 and 8255 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned positive.

The market duration was turned negative with 1017 advances and 492 declines, Unchanged 54 Total Issue 1563 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8370-8393-8416

Nifty Future Major Support on Downside is at 8310-8273-8250

Trend Deciding Level at 8333

Bank Nifty Major Resistance on Upside at 18972-19029-19085

Bank Nifty Major Support on Downside at 18817-18719-18662

Trend Deciding Level is at 18874

30 Days Simple Moving Averages @ 8351

50 Days Simple Moving Averages @ 8301

150 Days Moving Averages @ 7929

200 Days Simple Moving Averages @ 7632

5 Days Rsi at 60 and 14 Days Rsi at 50 Indicates Nifty Place in Trading Zone, with Bullish Moment.

Stock Market Tips for Intraday

Buy Nifty Jan Intraday Fut above 8360 sl 8335 Tgt 8380-8405 {Or} Sell 8310 sl 8335 Tgt 8290-8265

Buy Bank Nifty Jan Intraday Fut above 18960 sl 18910 Tgt 19010-19060 {Or} Sell Below 18860 sl 18910 Tgt 18810-18760

Curious Fact

The first solo fight across the Atlantic was made by Charles Lindbergh on 21st May 1927. In 1919, Raymond Orteig, the French owner of the Lafayette Hotel in New York, offred a prize of 25,000 dollars to the first pilot to fly between Paris and Newyork. L.indbergh took up the challenge, and completed the first solo flight across Atlantic