Indian Intraday Stock Market tips shares closed at their highest in nearly five months on Friday, redistribution their fourth uninterrupted weekly gain, obsessed higher by financial stocks such as HDFC Bank, which hit a record intraday high. The Nifty-50 formed a ‘Long-Legged Doji’ pattern is fashioned when the opening price is roughly alike to the closing price, Nevertheless there is a lot of movement on both sides. The pattern is unbiased and indicates that neither the bulls nor the bears were able to recuperate control on Dalal Street, which advised that a swing in trend could be in the offing. Nonetheless, it does require an affirmation. The Bombay Stock Exchange Sensex closes at 28469 were moving up by 167 points or impel log by 0.59 percent whereas Nse Index closes at 8822 were moving up by 44 Points or hush fog by 0.50 percent. The S&P BSE Midcap settling at 13423, were up by 70 points or by 0.53 percent, while S&P BSE Small cap closes at 13468 were up by 54 points, or 0.40 percent. The Top Gainers on the National Stock Exchange were Sun Pharma up by 3.67%, HDFC Bank up by 3.55%, ICICI Bank up by 2.08%, Gail up by 1.98% and Cipla up by 1.44% on the flip side Bharti Infratel down by 3.68%, Hindalco down by 2.32%, Idea Cellular down by 1.81%, Wipro down by 1.37% and Eicher Motors down by 1.35% were the top losers on Day trading.
Sensex Major Resistance on Upside at 28684-28898-29113
Sensex Major Support on Downside at 28278-28086-27872
Trend Deciding Level at 28492
Short Term Trend: Up
Medium Term Trend: Up
Nifty Index Major Resistance on Upside at 8882-8941-9001
Nifty Index Major Support on Downside at 8784-8745-8686
Trend Deciding Level at 8843
20 DSMA at 8684
40 DEMA at 8548
Short Term Trend: Up
Medium Term Trend: Up
Major Headlines
Moschip bags order to provide design services, manufacturing of Custom Silicon Solution
GPT Infraprojects bags order worth Rs 64 crore from Rail Vikas Nigam
Sanguine Media bags orders worth Rs 25 crore
FIIs make big deposit in HDFC Bank
Sebi likely to allow mutual funds to trade in commodities soon
Religare Enterprises wing enters into definitive agreement with Anand Rathi Group
Nifty Indices
On 17 February 2017: Foreign Institutional Investors (FII) Net Sold – INR 8,043.14 Crores and Domestic Institutional Investors (DII) Net Sold – INR 5,631.99 Crores.
The Nifty had been in a consolidation manner for the last few sessions. However, in Friday’s session, it ruined out on the upside with a noteworthy slit up opening. Lately, the benchmark index had busted out on the downside commencing the triangular pattern on the hourly chart, save for had taken support near the parallel trend line from the move to and fro low. The lower end of a short term rising channel also provide support to the Nifty. As a result, the Nifty rallied on Friday session. For the day, it faces resistance near 8900, wherever it saw some selling pressure. By the end of the day, the index declined to test the upper end of the range. 8805-8785 is an immediate support zone for the Nifty. Lying on the higher side, 8900-8930 will be the key quick-fix area to watch, away from which a larger upside will open up.
In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8684 and 8548 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 8777 and 8783 correspondingly, the hourly impetus indicator encompass turned positive.
The market duration was turned positive with 866 advances and 760 declines, Unchanged 83 Total Issue 1709 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8865-8905-8944
Nifty Future Major Support on Downside is at 8793-8761-8721
Trend Deciding Level at 8833
Bank Nifty Major Resistance on Upside at 20803-21065-21328
Bank Nifty Major Support on Downside at 20348-20157-19895
Trend Deciding Level is at 20611
30 Days Simple Moving Averages @ 8577
50 Days Simple Moving Averages @ 8395
150 Days Moving Averages @ 8502
200 Days Simple Moving Averages @ 8401
Securities in Ban for Trade Dated 20.02.2017
- Ceatltd
- Hdil
- Ibrealst
- Ifci
- Jetairways
- Jindalstel
- Jpassociat
- Tv18brdcst
- Unionbank
[Visit STOCK PICK on website daily for Investment Calls]
Buy Nifty Fut Intraday above 8844 sl 8819 Tgt 8864-8889 {Or} Sell below 8800 sl 8825 Tgt 8780-8755
Buy Bank Nifty Fut Intraday above 20577 sl 20527 Tgt 20627-20677 {Or} Sell Below 20488 sl 20538 Tgt 20438-20388
Curious Fact
Because of crystal-clear water, Flathead Lake in Montana seems shallow, but in reality is 370 feet in depth.
