Nifty Forms Small Bearish Candle Pattern in Best Intraday Tips

Best Intraday TipsIndian best intraday tips markets fell for a second straight session on Tuesday as caution set in ahead of quarterly gross domestic product data due later in the day, which will show the extent of the crash on the economy from a ban on high value currency and also US President Donald Trump’s policy address to the US Congress and Nifty Forms Small Bearish Candle Stick Pattern. The Bombay Stock Exchange Sensex closes at 28743 were moving down by 70 points or impel log by 0.24 percent whereas Nse Index closes at 8880 were moving down by 17 Points or hush fog by 0.19 percent. The S&P BSE Midcap settling at 13552, were up by 18 points or by 0.14 percent, while S&P BSE Small cap closes at 13691 were up by 81 points, or 0.59 percent. The Top Gainers on the National Stock Exchange were BHEL up by 6.09%, Bharti Airtel up by 3.61%, Asian Paints up by 2.38%, Yes Bank up by 2.12% and Hindalco up by 1.96% on the flip side Grasim Industries down by 3.36%, BPCL down by 2.72%, Coal India down by 2.47%, Tech Mahindra down by 1.74% and Bajaj Auto down by 1.57% were the top losers on Day trading.

Sensex Major Resistance on Upside at 28837-28932-29026

Sensex Major Support on Downside at 28686-28630-28535

Trend Deciding Level at 28781

Short Term Trend: Up

Medium Term Trend: Up

Nifty Index Major Resistance on Upside at 8907-8935-8962

Nifty Index Major Support on Downside at 8860-8841-8813

Trend Deciding Level at 8888

20 DSMA at 8800

40 DEMA at 8640

Short Term Trend: Up

Medium Term Trend: Up

Major Headlines

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Nifty Indices

On 28 February 2017: Foreign Institutional Investors (FII) Net Bought – INR 1146.23 Crores and Domestic Institutional Investors (DII) Net Bought – INR 268.34 Crores.

The Nifty opened a little bit positive conversely rolled downward to test multiple supports. Seeing as last couple of sessions Nifty has come into the correction mode, which persistent further today. As an upshot of the minor grade dip the index has reached lower end of the middle term rising channel, which seizes the key for further line of action. In provisos of Fibonacci retracement Nifty has retraces 38.2% of the recent rise. In consequence 8880-8850 will be the key support area from near term viewpoint. The superior trend being constructive the negligible degree dip can be taken as a buying chance. On the higher side, last week’s high of 8980 will be the key obstacle to watch out for. On one occasion that is crossed the bulls will push the benchmark index towards the all time high of 9125.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8800 and 8640 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 8921 and 8893 correspondingly, the hourly impetus indicator encompass turned bearish.

The market duration was turned positive with 905 advances and 731 declines, Unchanged 85 Total Issue 1721 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8939-8966-8992

Nifty Future Major Support on Downside is at 8885-8858-8831

Trend Deciding Level at 8912

Bank Nifty Major Resistance on Upside at 20746-20803-20859

Bank Nifty Major Support on Downside at 20634-20579-20522

Trend Deciding Level is at 20691

30 Days Simple Moving Averages @ 8676

50 Days Simple Moving Averages @ 8466

150 Days Moving Averages @ 8514

200 Days Simple Moving Averages @ 8430

Securities in Ban for Trade Dated 01.03.2017

  1. Jindalstel
  2. Jpassosciat
  3. Wockpharma

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Best Intraday Tips

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 20733 sl 20683 Tgt 20720783-20833 {Or} Sell Below 20644 sl 20694 Tgt 20594-20544

Curious Fact

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