Nifty Forms Long Bearish Candle in Intraday Share Tips

Intraday Share TipsIndian Intraday share tips markets ruined at their buck in two weeks on Wednesday, with Tata Motors pulling the indexes downward after posting substandard results. Nifty Forms Long Bearish Candle, Moving average convergence divergence and Relative strength index have specified a sell signal, as they have bowed from the overbought condition with the decline in the broader market. The Bombay Stock Exchange Sensex closes at 28157 were moving down by 184 points or impel log by 0.65 percent whereas Nse Index closes at 8725 were moving down by 68 Points or hush fog by 0.77 percent. The S&P BSE Midcap settling at 13188, were down by 155 points or by 1.16 percent, while S&P BSE Small cap closes at 13235 were down by 204 points, or 1.52 percent. The Top Gainers on the National Stock Exchange were Zee Entertainment Enterprises up by 1.61%, Bharti Infratel up by 1.33%, ITC up by 1.22%, TCS up by 0.71% and HDFC Bank up by 0.69% on the flip side Tata Motors – DVR down by 9.86%, Tata Motors down by 9.41%, Sun Pharma down by 4.20%, Aurobindo Pharma down by 3.55% and Bank of Baroda down by 3.37% were the top losers on Day trading.

Sensex Major Resistance on Upside at 28321-28484-28648

Sensex Major Support on Downside at 28050-27942-27789

Trend Deciding Level at 28213

Short Term Trend: Down

Medium Term Trend: Up

Nifty Index Major Resistance on Upside at 8783-8842-8900

Nifty Index Major Support on Downside at 8690-8656-8597

Trend Deciding Level at 8749

20 DSMA at 8646

40 DEMA at 8522

Short Term Trend: Down

Medium Term Trend: Up

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 Nifty Indices

On 15 February 2017: Foreign Institutional Investors (FII) Net Bought – INR 225.84 Crores and Domestic Institutional Investors (DII) Net Bought – INR 248.98 Crores.

The Nifty in today’s session opened on an unenthusiastic note and after a fruitless effort to move elevated it tumbles significantly. The triangular pattern, which was twisted on the hourly chart, broke out on the downside. Intended for the day, the Nifty halted near a parallel trend line from the swing low. Nevertheless, the overall construction has now turned in favor of the bears from a temporary perspective. A bearish within bar, which was formed in the last session, has conked out out on the downside. The bearish getaway has occurred against the scenery of a bearish short-range momentum indicator. Consequently, the Nifty is likely to glide further. 8550 will be the quick-fix target to watch on the way down. Hitch of the bearish view can be positioned above the swing high at 8830.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8646 and 8522 respectively. The thrust indicator is trading in bearish sort on the daily chart

In the hourly chart, Nifty is trading in below the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 8776 and 8767 correspondingly, the hourly impetus indicator encompass turned bearish.

The market duration was turned negative with 298 advances and 1361 declines, Unchanged 73 Total Issue 1732 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8809-8868-8927

Nifty Future Major Support on Downside is at 8709-8668-8609

Trend Deciding Level at 8768

Bank Nifty Major Resistance on Upside at 20358-20501-20643

Bank Nifty Major Support on Downside at 20113-20011-19868

Trend Deciding Level is at 20256

30 Days Simple Moving Averages @ 8539

50 Days Simple Moving Averages @ 8370

150 Days Moving Averages @ 8498

200 Days Simple Moving Averages @ 8391

Securities in Ban for Trade Dated 16.02.2017

  1. Ibrealst
  2. Ifci
  3. Jetairways
  4. Jindalstel
  5. Rcom
  6. Tv18brdcst
  7. Unionbank

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Intraday Share Tips

Buy Nifty Fut Intraday above 8777 sl 8752 Tgt 8797-8822 {Or} Sell below 8733 sl 8758 Tgt 8713-8688

Buy Bank Nifty Fut Intraday above 20265 sl 20215 Tgt 20315-20365 {Or} Sell Below 20175 sl 20225 Tgt 20125-20075

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