Nifty Forms Small Bull Candle Pattern in Share Tips Intraday

Share Tips IntradayIndian Share Tips Intraday markets ruined higher on Tuesday as fatalities in the previous session were seen as scalded, with sentiment also civilizing as Asian markets recovered after some of the apprehension about US President Mr. Donald Trump’s knack to push his agenda slipped. In Intraday Chart view Nifty-50 Forms Small Bull Candle Stick Pattern. The Bombay Stock Exchange Sensex closes at 29410 were moving up by 172 points or impel log by 0.59 percent whereas Nse Index closes at 9101 were moving up by 56 Points or hush fog by 0.61 percent. The S&P BSE Midcap settling at 13912, were up by 100 points or by 0.72 percent, while S&P BSE Small cap closes at 14153 were up by 82 points, or 0.58 percent. The Top Gainers on the National Stock Exchange were Eicher Motors up by 3.86%, Axis Bank up by 3.51%, Tata Motors – DVR up by 3.01%, ZEEL up by 2.69% and Tata Power up by 2.18% on the flip side Tech Mahindra down by 2.75%, Kotak Mahindra Bank down by 1.28%, ONGC down by 1.06%, Coal India down by 0.41% and Hero MotoCorp down by 0.40% were the top losers on Day trading.

Sensex Major Resistance on Upside at 29468-29525-29583

Sensex Major Support on Downside at 29327-29243-29186

Trend Deciding Level at 29384

Short Term Trend: Up

Medium Term Trend: Up

Nifty Index Major Resistance on Upside at 9114-9127-9140

Nifty Index Major Support on Downside at 9084-9067-9054

Trend Deciding Level at 9097

20 DSMA at 9021

40 DEMA at 8889

Short Term Trend: Up

Medium Term Trend: Up

Major Headlines

OM Metals bags contract worth of Rs 13.50 crore

Shashijit Infraprojects bags grassroots project from Suraj Industries

L&T arm bags residential order worth of Rs 2,903 crore

Aurobindo Pharma gets USFDA approval for Meropenem Injection

IL&FS Engineerings JV bags road projects worth of Rs 175.49 crore in Madhya Pradesh

Dishman Pharma, Cimmco, Shakti Pumps stocks that hit fresh 52-week high in trade

Nifty Indices

On 28 March 2017: Foreign Institutional Investors (FII) Net Bought – INR 6415.38 Crores and Domestic Institutional Investors (DII) Net Bought – INR 356.28 Crores.

The Nifty gusted lower in end session to test several support levels, wherever the bulls hurried in to provide support. Therefore Nifty opened gap up today and mounted above the 9100 mark. On the hourly chart, it has twisted another wish on the upside. On the way up, the sway high of 9130 will be the key hurdle to fob watch out for. In terms of the wave construction, the Nifty is forming section on the way up. Short-range and medium-range targets on the upside are 9230 and 9500, correspondingly. On the flip side, the range of 8980-9000, which had prior acted as a resistance, is at the present providing support to the Index.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 9021 and 8889 respectively. The thrust indicator is trading in bearish sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 9088 and 9085 correspondingly, the hourly impetus indicator encompass turned bullish mode.

The market duration was turned positive with 903 advances and 732 declines, Unchanged 88 Total Issue 1723 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 9134-9148-9163

Nifty Future Major Support on Downside is at 9095-9070-9056

Trend Deciding Level at 9109

Bank Nifty Major Resistance on Upside at 21289-21335-21380

Bank Nifty Major Support on Downside at 21174-21105-21059

Trend Deciding Level is at 21220

30 Days Simple Moving Averages @ 8953

50 Days Simple Moving Averages @ 8800

150 Days Moving Averages @ 8564

200 Days Simple Moving Averages @ 8529

Securities in Ban for Trade Dated 29.03.2017

  1. Bharatfin
  2. Ceat
  3. Ibrealst
  4. Ifci
  5. Jindalstel
  6. Jpassociat
  7. Jswenergy
  8. Orientbank
  9. Tv18brdcst

[Visit STOCK PICK on website daily for Investment Calls]

Nifty Weekly Outlook [27-30 March 2017]

Subsequent to witnessing rigid sentiments in successive weeks, CNX Nifty witnessed profit booking from higher levels and traded under selling pressure all through the week. Nonetheless, it observed good recovery from lower levels due to short wrapper at lower levels. Instability in United States Dollar/Indian Rupee futures prices made Indian equity markets hot-blooded throughout the week. Theoretically, augment in volume and open interest with mutually side’s price movement price movement point out to one side sentiments in current week. 8995 will be the crucial level to watch out for in present week. It witnessed good buying support at lower levels from traders last week which indicates support at lower levels. It likely to trade with volatile sentiments in current week on profit booking at higher levels from traders. If it managed to sustain above 9050 level than it may witness stiff sentiments till 9300 levels. Breached of strong support 8995 level with good volume will make Nifty bearish and down side may come due to selling pressure below that level. Traders should look for the opportunity to buy at lower levels for the week.

Buy Nifty Fut Mar on Dips near 9050 sl 8970 Tgt 9200

Share Tips Intraday

Buy Nifty Fut Intraday above 9133 sl 9108 Tgt 9153-9178 {Or} Sell below 9088 sl 9113 Tgt 9068-9043

Buy Bank Nifty Fut Intraday above 21288 sl 21238 Tgt 21338-21388 {Or} Sell Below 21200 sl 21250 Tgt 21150-21100

Curious Fact

It’s impossible to hum while plugging your nose.