Nifty Forms Small Bearish Candle Pattern in Stock Tips

Stock TipsIndian Stock tips Markets Nifty fell 0.5% on Monday, moving back from an almost two-year high hit last week and snapping six uninterrupted sessions of gains, as banks draw backed after a recent rally. The Nifty 50 Forms Small-Bearish candle stick pattern, if the candle is short, it can be accomplished that the trading activity was downcast. The Bombay Stock Exchange Sensex closes at 28813 were moving down by 80 points or impel log by 0.28 percent whereas Nse Index closes at 8897 were moving down by 43 Points or hush fog by 0.48 percent. The S&P BSE Midcap settling at 13534, were up by 02 points or by 0.01 percent, while S&P BSE Small cap closes at 13610 were up by 22 points, or 1.46 percent. The Top Gainers on the National Stock Exchange were Reliance Industries up by 4.63%, Aurobindo Pharma up by 2.03%, Wipro up by 1%, Coal India up by 0.73% and Lupin up by 0.69% on the flip side Idea Cellular down by 4.72%, Axis Bank down by 3.61%, Power Grid down by 3.46%, Bharti Infratel down by 3.07% and ZEEL down by 2.67% were the top losers on Day trading.

Sensex Major Resistance on Upside at 28932-29051-29170

Sensex Major Support on Downside at 28746-28679-28560

Trend Deciding Level at 28865

Short Term Trend: Up

Medium Term Trend: Up

Nifty Index Major Resistance on Upside at 9020-9143-9266

Nifty Index Major Support on Downside at 8832-8767-8644

Trend Deciding Level at 8955

20 DSMA at 8788

40 DEMA at 8628

Short Term Trend: Up

Medium Term Trend: Up

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Nifty Indices

On 27 February 2017: Foreign Institutional Investors (FII) Net Sold – INR 145.55 Crores and Domestic Institutional Investors (DII) Net Bought – INR 263.79 Crores.

The Nifty opened slightly positive nevertheless traded with bearish preconception all over the day. It has posted a off-putting daily close after six successive positive sessions. The index has fallen flipside towards lower end of the medium term rising conduit. On the hourly chart, intersection of 40 HEMA & hourly lower Bollinger Band is also there to endow with support. Consequently 8900-8885 is a key support zone on closing basis. The superior trend remains constructive. Lying on the higher side, last week’s high of 8980 will be the key hurdle to watch out for. One time that is crossed the bulls will push the benchmark index towards the all time high of 9120.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8788 and 8628 respectively. The thrust indicator is trading in bearish sort on the daily chart

In the hourly chart, Nifty is trading in between the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 8936and 8895 correspondingly, the hourly impetus indicator encompass turned bearish.

The market duration was turned negative with 702 advances and 957 declines, Unchanged 82 Total Issue 1741 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8948-8976-9005

Nifty Future Major Support on Downside is at 8900-8880-8852

Trend Deciding Level at 8928

Bank Nifty Major Resistance on Upside at 20817-20955-21094

Bank Nifty Major Support on Downside at 20603-20527-20389

Trend Deciding Level is at 20741

30 Days Simple Moving Averages @ 8660

50 Days Simple Moving Averages @ 8451

150 Days Moving Averages @ 8512

200 Days Simple Moving Averages @ 8424

Securities in Ban for Trade Dated 28.02.2017

  1. Wockpharma

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Stock 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 20715 sl 20665 Tgt 20765-20815 {Or} Sell Below 20644 sl 20694 Tgt 20594-20544

Curious Fact

 The fish that says “Oh my gosh! Nemo’s swimming out to sea!” is named Kathy.