Nifty Forms Bearish Belt Hold Pattern in Stock Tips

Stock TipsIndian Stock tips markets ended lower on Monday, their third uninterrupted session of losses, as markets took a breather in expectation of cues from the March-quarter corporate earnings season that commence later this week. In Intraday Chart Pattern Nifty Forms a ‘Bearish Belt Hold’ whereas the openings level becomes the highest point of the session, which means there is no upper wick. In this pattern the index declines all through the session, structured a large red body with a small lower wick.  The Bombay Stock Exchange Sensex closes at 29576 were moving down by 131 points or impel log by 0.44 percent whereas Nse Index closes at 9181 were moving down by 17 Points or hush fog by 0.18 percent. The S&P BSE Midcap settling at 14322, were up by 89 points or by 0.63 percent, while S&P BSE Small cap closes at 14776 were up by 95 points, or 0.64 percent. The Top Gainers on the Bse Senesex were Tata Motors Ltd. (Rs. 475.05,+1.51%), Axis Bank Ltd. (Rs. 510.75,+1.38%), Coal India Ltd. (Rs. 287.25,+1.16%), Adani Ports & Special Economic Zone Ltd. (Rs. 351.25,+1.06%), Tata Steel Ltd. (Rs. 495.45,+0.52%) on the flip side  Infosys Ltd. (Rs. 952.95,-2.88%), Wipro Ltd. (Rs. 501.00,-2.10%), Asian Paints Ltd. (Rs. 1060.05,-1.91%), Reliance Industries Ltd. (Rs. 1381.05,-1.74%), Housing Development Finance Corporation Ltd. (Rs. 1465.00,-1.28%) were the top losers on Day trading.

Sensex Major Resistance on Upside at 29753-29931-30109

Sensex Major Support on Downside at 29476-29375-29198

Trend Deciding Level at 29653

Short Term Trend: Up

Medium Term Trend: Up

Nifty Index Major Resistance on Upside at 9213-9245-9277

Nifty Index Major Support on Downside at 9162-9143-9111

Trend Deciding Level at 9194

20 DSMA at 9133

40 DEMA at 8993

Short Term Trend: Up

Medium Term Trend: Up

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Nifty Indices

On 10 April 2017: Foreign Institutional Investors (FII) Net Sold – INR 716.19 Crores and Domestic Institutional Investors (DII) Net Bought – INR 201.69 Crores.

The Nifty opened on an upbeat note but couldn’t fabricate on the early gains and toppled to close below 9200. On the hourly chart, the plunge has taken form of a counteractive structure, which way that the larger leaning relics positive. In provisos of Fibonacci retracement, the Nifty has repeated 38.2% of the preceding rise where it ended today. The feed study shows that the Index has hardened the lower channel line. 9180-9150 is a decisive support zone from where the Nifty can start after that leg up. 9000-8980 will be the major support area. On the jokey side, 9340-9500 is short-range and medium-range targets, correspondingly. On the way up, the recent high of 9273 will act as a transitional hurdle.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 9133 and 8993 respectively. The thrust indicator is trading in bearish sort on the daily chart

In the hourly chart, Nifty is trading below the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 9220 and 9205 correspondingly, the hourly impetus indicator encompass turned bearish mode.

The market duration was turned positive with 998 advances and 681 declines, Unchanged 95 Total Issue 1774 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 9240-9271-9302

Nifty Future Major Support on Downside is at 9186-9163-9132

Trend Deciding Level at 9217

Bank Nifty Major Resistance on Upside at 21651-21734-21816

Bank Nifty Major Support on Downside at 21421-21274-21191

Trend Deciding Level is at 21504

30 Days Simple Moving Averages @ 9055

50 Days Simple Moving Averages @ 8927

150 Days Moving Averages @ 8595

200 Days Simple Moving Averages @ 8569

Securities in Ban for Trade Dated 11.04.2017

  1. Bharatfin
  2. Ibrealst
  3. Infibeam
  4. Jindalstel
  5. Ujjivan

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Stock Tips

Buy Nifty Fut Intraday above 9222 sl 9197 Tgt 9242-9267 {Or} Sell below 9177 sl 9202 Tgt 9157-9132

Buy Bank Nifty Fut Intraday above 21622 sl 21572 Tgt 21672-21722 {Or} Sell Below 21533 sl 21583 Tgt 21483-21433

Curious Fact

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