Nifty Forms Hanging Man Pattern in Intraday Tips

Intraday TipsIndian Intrady tips Stock Markets ended on a flat note for the fourth consecutive day and settled almost unchanged with minor gains amid buying in selected Auto, Power and it stocks Nifty forms on the daily chart candle look like a Hanging Man pattern a small body and long lower shadow. The Bombay Stock Exchange Sensex closes at 28352 were moving up by 17 points or impel log by 0.06 percent whereas Nse Index closes at 8805 were moving up by 12 Points or hush fog by 0031 percent. The S&P BSE Midcap settling at 13468, were down by 38 points or by 0.28 percent, while S&P BSE Small cap closes at 13524 were down by 78 points, or 0.57 percent. The Top Gainers on the National Stock Exchange were Eicher Motors up by 3.28%, Yes Bank up by 3.12%, Tata Power up by 2.14%, Kotak Mahindra Bank up by 1.68% and M&M up by 1.67% on the flip side Bank of Baroda down by 10.56%, Idea Cellular down by 2.99%, Aurobindo Pharma down by 2.74%, BHEL down by 1.99% and SBI down by 1.76% were the top losers on Day trading.

Sensex Major Resistance on Upside at 28490-28627-28765

Sensex Major Support on Downside at 28208-28063-27926

Trend Deciding Level at 28345

Short Term Trend: Up

Medium Term Trend: Up

Nifty Index Major Resistance on Upside at 8845-8885-8925

Nifty Index Major Support on Downside at 8760-8715-8675

Trend Deciding Level at 8800

20 DSMA at 8611

40 DEMA at 8497

Short Term Trend: Up

Medium Term Trend: Up

 Major Headlines

 Siemens wins order worth Rs 101 crore

VA Tech Wabag reports net loss of Rs 2.56 crore in Q3

Ruchi Soya Industries inks agreements with Patanjali Ayurved

Suzlon Energy hits 1-year high on robust Q3 numbers

Reliance Nippon Life scouts for new partner

Coal India shares drop 3% on poor Q3 results

 Nifty Indices

On 13 February 2017: Foreign Institutional Investors (FII) Net Bought – INR 306.74 Crores and Domestic Institutional Investors (DII) Net Sold – INR 171.70 Crores.

The Nifty in today’s sitting opened on an optimistic note but faced resistance at the higher levels. On the flick side, even the bulls were fleet in buying the intraday dunk, which resulted in a constructive daily close. In terms of price mold, the indirect activity has taken form of a triangular pattern on the hourly chart. Today’s trading motion was limited within a range and the Nifty is now heading for a breakout on the upside. 8830 will be the key level to watch on the upside, away from which 8900-8925 will be the target area to fob watch. On the other hand, 8750-8715 will act as a crucial support zone from a near term point of view.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8611 and 8497 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 8783 and 8767 correspondingly, the hourly impetus indicator encompass turned bearish.

The market duration was turned negative with 538 advances and 1115 declines, Unchanged 75 Total Issue 1728 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8851-8889-8926

Nifty Future Major Support on Downside is at 8771-8729-8691

Trend Deciding Level at 8809

Bank Nifty Major Resistance on Upside at 20393-20490-20587

Bank Nifty Major Support on Downside at 20165-20034-19937

Trend Deciding Level is at 20262

30 Days Simple Moving Averages @ 8501

50 Days Simple Moving Averages @ 8345

150 Days Moving Averages @ 8493

200 Days Simple Moving Averages @ 8382

Securities in Ban for Trade Dated 14.02.2017

  1. Bankindia
  2. Ceatltd
  3. Hdil
  4. Ifci
  5. Jindalstel
  6. Jpassosiat
  7. Orientbank
  8. Rcom
  9. Unionbank
  10. Wockpharma

[Visit STOCK PICK on website daily for Investment Calls]

Intraday Tips

 Buy Nifty Fut Intraday above 8844 sl 8819 Tgt 8864-8889 {Or} Sell below 8777 sl 8802 Tgt 8757-8732

Buy Bank Nifty Fut Intraday above 20335 sl 20285 Tgt 20385-20435 {Or} Sell Below 20245 sl 20295 Tgt 20195-20145

Curious Fact

 Getting angry at people when we listen to them breathing or eating is called Misophonia, which is an actual brain disorder.