Nifty Forms Doji Pattern in Intraday Share Tips

Intraday Share TipsIndia’s Intraday Share tips NSE index ended flat on Wednesday, after having hit a record high in the previous session, as a sharp rally in the rupee hurt shares of IT firms and sentiment turned cautious ahead of the US Federal Reserve’s rate decision. Nifty signed off the day with a wavering formation called Doji, after poignant in an awfully narrow range of 30 points, signifying that market is in for a consolidation point. The Bombay Stock Exchange Sensex closes at 29398 were moving down by 45 points or impel log by 0.15 percent whereas Nse Index closes at 9085 were moving down by 02 Points or hush fog by 0.02 percent. The S&P BSE Midcap settling at 13701, were up by 143 points or by 1.06 percent, while S&P BSE Small cap closes at 13859 were up by 91 points, or 0.66 percent. The Top Gainers on the National Stock Exchange were Idea Cellular up by 9.75%, BHEL up by 3.44%, Bank of Baroda up by 3.42%, Aurobindo Pharma up by 2.39% and Tata Power was up by 1.67% on the flip side TCS down by 2.70%, Infosys down by 2.21%, Hindustan Unilever down by 1.45%, Wipro down by 1.31% and HCL Tech was down by 1.25% were the top losers on Day trading.

Sensex Major Resistance on Upside at 29479-29560-29641

Sensex Major Support on Downside at 29338-29278-29197

Trend Deciding Level at 29419

Short Term Trend: Up

Medium Term Trend: Up

Nifty Index Major Resistance on Upside at 9103-9120-9138

Nifty Index Major Support on Downside at 9072-9058-9041

Trend Deciding Level at 9089

20 DSMA at 8907

40 DEMA at 8769

Short Term Trend: Up

Medium Term Trend: Up

Major Headlines

McNally Bharat bags order worth Rs 415.29 crore

PVR falls 6% as Karnataka govt caps ticket fee at Rs 200

UCO Bank up 2% on tie up with Future Generali India

BHEL gains 4% as 800 MW thermal power plant starts commercial operation

Talwalkars Better Value Fitness jumps 3% on signing MoU with SNAP

IT stocks fall up to 2.50% as rupee hits 16-month high

Nifty Indices

On 15 March 2017: Foreign Institutional Investors (FII) Net Bought – INR 1141.13 Crores and Domestic Institutional Investors (DII) Net Bought – INR 126.75 Crores.

The Nifty open on a plane note today and traded in a fixed range. Following the breakaway gap in Tuesday’s session, the Nifty strengthened today. A better picture shows this is a prospect to make straight one’s position(s) with the long side of the trade. In terms of bar outlines, the Nifty twisted an inside bar today with the bullish running away level at 9120. On the flick side, 9060-9000 will act as a key support area. The daily and weekly Bollinger Bands are in an extension mode, telltale that the Nifty can prolong to rise.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8907 and 8769 respectively. The thrust indicator is trading in bullish 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 9039 and 9007 correspondingly, the hourly impetus indicator encompass turned bearish mode.

The market duration was turned positive with 885 advances and 761 declines, Unchanged 82 Total Issue 1728 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 9123-9140-9158

Nifty Future Major Support on Downside is at 9095-9084-9067

Trend Deciding Level at 9112

Bank Nifty Major Resistance on Upside at 21294-21374-21453

Bank Nifty Major Support on Downside at 21126-21038-20958

Trend Deciding Level is at 21206

30 Days Simple Moving Averages @ 8854

50 Days Simple Moving Averages @ 8664

150 Days Moving Averages @ 8540

200 Days Simple Moving Averages @ 8491

Securities in Ban for Trade Dated 16.03.2017

  1. Bharatfin
  2. Jetairways
  3. Jindalstel
  4. Jpassociat
  5. Rcom

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Intraday Share Tips

Buy Nifty Fut Intraday above 9133 sl 9108 Tgt 9153-9178 {Or} Sell below 9088 sl 9113 Tgt 9068-9043

Buy Bank Nifty Fut Intraday above 21266 sl 21216 Tgt 21316-21366 {Or} Sell Below 21155 sl 21205 Tgt 21105-21055

Curious Fact

A Mole can dig a tunnel 300 feet long in just one night.