Nifty Forms Bullish Candle Pattern in Share Tips Intraday

Share Tips IntradayIndian share tips intraday markets bunged at their highest level since September 2016, as Axis Bank pitched on a media report it would become the mark of an occupation, even though telecom firms clear-cut after Reliance Jio Info communications make public a sharply discounted tariff plan. The Nifty 50 Forms Bullish Candle on the daily charts. The Bombay Stock Exchange Sensex closes at 28762 were moving up by 100 points or impel log by 0.35 percent whereas Nse Index closes at 8908 were moving up by 29 Points or hush fog by 0.32 percent. The S&P BSE Midcap settling at 13585, were up by 71 points or by 0.52 percent, while S&P BSE Small cap closes at 13652 were up by 62 points, or 0.46 percent. The Top Gainers on the National Stock Exchange were Axis Bank up by 5.34%, Aurobindo Pharma up by 2.24%, Tech Mahindra up by 1.67%, Asian Paints up by 1.58% and HDFC up by 1.41% on the flip side Bharti Infratel down by 4.26%, Bharti Airtel down by 3.86%, Tata Power down by 1.64%, TCS down by 1.63% and ITC down by 1.18% were the top losers on Day trading.

Sensex Major Resistance on Upside at 28841-28921-29000

Sensex Major Support on Downside at 28640-28519-28439

Trend Deciding Level at 28720

Short Term Trend: Up

Medium Term Trend: Up

Nifty Index Major Resistance on Upside at 8937-8965-8994

Nifty Index Major Support on Downside at 8863-8817-8789

Trend Deciding Level at 8891

20 DSMA at 8736

40 DEMA at 8581

Short Term Trend: Up

Medium Term Trend: Up

Major Headlines

Loyal Equipments bags order worth Rs 87 lakh

Bank of Maharashtra shares gain 19% on cost saving strategy

APM Industries shares zoom 18% as finance arm gets NBFC licence

Canara Bank to open rights issue worth Rs 1,124 crore on 02 March

BEL stake sale begins on Wednesday; floor price at Rs 1,498/share

Jindal Worldwide, Jindal Saw, Jindal Steel hit 52-week high on Tuesday 

Nifty Indices

On 21 February 2017: Foreign Institutional Investors (FII) Net Sold – INR 1435.76 Crores and Domestic Institutional Investors (DII) Net Bought – INR 1535.44 Crores.

The Nifty was in a consolidation mode in the first half of the session but pick up speed towards the end of the session. As a result, it crossed 8900 on a closing basis. This continues to be the key level to watch on the positive aspect. The levels of 8930 coincide with a crucial diminishing trend line from the previous swing high. One time 8930 is breached on a closing basis, the Nifty will be set to test the unprecedented high level of 9110. The upper end of the medium-term intensifying channel is also around the same level. On the flick side, 8860 and 8800 will act as crucial supports from a short-range perspective. Short-range setback can be maintained below the swing low of 8700.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8736 and 8581 respectively. The thrust indicator is trading in bearish sort on the daily chart

In the hourly chart, Nifty is trading in above the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 8851 and 8824 correspondingly, the hourly impetus indicator encompass turned bearish.

The market duration was turned positive with 915 advances and 699 declines, Unchanged 97 Total Issue 1711 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8936-8963-8991

Nifty Future Major Support on Downside is at 8870-8831-8804

Trend Deciding Level at 8897

Bank Nifty Major Resistance on Upside at 20957-21057-21158

Bank Nifty Major Support on Downside at 20676-20495-20395

Trend Deciding Level is at 20776

30 Days Simple Moving Averages @ 8620

50 Days Simple Moving Averages @ 8422

150 Days Moving Averages @ 8506

200 Days Simple Moving Averages @ 8413

Securities in Ban for Trade Dated 22.02.2017

  1. Ceatltd
  2. Hdil
  3. Ibrealst
  4. Ifci
  5. Jindalstel
  6. Jpassociat
  7. Tv18brdcst
  8. Wockpharma

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Share Tips Intraday

Buy Nifty Fut Intraday above 8933 sl 8908 Tgt 8953-8978 {Or} Sell below 8888 sl 8913 Tgt 8868-8843

Buy Bank Nifty Fut Intraday above 20915 sl 20865 Tgt 20965-21015 {Or} Sell Below 20800 sl 20850 Tgt 20750-20700

Curious Fact

The two-foot long bird called KEA that lives in New Zealand likes to eat the strips of rubber around car windows.