Cavity Stop at the Collar and Best Intraday Tips Provider
Indian Best Intraday shares fell to their lowest level in nearly three weeks today as stocks favored by overseas investors such as ICICI Bank declined, following heavy foreign sales in derivatives and cash shares in the previous session. The Bombay Stock Exchange Sensex closes at 26988 were nick down by 855 points or drive down by 3.07 percent. Nse Nifty Closes at 8128 were wound down by 251 points or plant slide down by 3 percent. The BSE Midcap and Smallcap indices ended largely in-line with the front-liners with losses of around 3 percent each. in today intraday trading.
Sensex Major Resistance on Upside at 27046-27183-27319
Sensex Major Support on Downside at 26776-26643-26506
Trend Deciding Level at 26913
Nifty Index Major Resistance on Upside at 8162-8222-8282
Nifty Index Major Support on Downside at 8054-8006-7946
Trend Deciding Level at 8114
Major Headlines
Lupin, Aurobindo Pharma, Jubilant Life gets approvals for Diovon
Nifty Indices
The Nifty was quite volatile today but finally closed almost flat forming a "long-legged doji" candlestick pattern at the 78.6% retracement level of its previous move. This pattern is formed near the neckline of a bearish head-and-shoulders pattern which is a concern for bears. Generally, this formation calls for a short-term reversal and since this fall is a five-wave fall a bounce can't be ruled out. So, with these set of evidences from the Elliott wave theory and chart prototype, we assume that this candlestick pattern will have a short impact. The daily momentum indicator has just gone into a sell mode which is a bearish sign going forward. So, we continue to maintain our bias down for both the short and the medium term.
In the daily chart the index is trading below the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8229 and 8236 respectively. The thrust indicator is trading in negative sort on the daily chart
In the hourly chart, Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8231 and 8264 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned positive.
The market duration was turned negative with 641 advances and 879 declines, Unchanged 62 Total Issue 1582 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8193-8233-8272
Nifty Future Major Support on Downside is at 8105-8057-8017
Trend Deciding Level at 8145
Bank Nifty Major Resistance on Upside at 18609-18743-18878
Bank Nifty Major Support on Downside at 18323-18171-18037
Trend Deciding Level is at 18457
30 Days Simple Moving Averages @ 8332
50 Days Simple Moving Averages @ 8324
150 Days Moving Averages @ 7953
200 Days Simple Moving Averages @ 7667
5 Days Rsi at 28 and 14 Days Rsi at 39 Indicates Nifty Place in Trading Zone, with Bearish Moment.
Best Intraday Tips Provider
Buy Nifty Jan Intraday Fut above 8180 sl 8155 Tgt 8200-8225 {Or} Sell 8130 sl 8155 Tgt 8110-8085
Buy Bank Nifty Jan Intraday Fut above 18535 sl 18485 Tgt 18585-18635 {Or} Sell Below 18435 sl 18485 Tgt 18385-18335
Curious Fact
In a sense we are all space travelers, and our space-ship is the planet Earth itself. It zooms along its orbit at the speed of 1, 07,000 kilometers every hour-only we don't realize it!
Article Source: http://goo.gl/Atv0aY
Sensex Major Resistance on Upside at 27046-27183-27319
Sensex Major Support on Downside at 26776-26643-26506
Trend Deciding Level at 26913
Nifty Index Major Resistance on Upside at 8162-8222-8282
Nifty Index Major Support on Downside at 8054-8006-7946
Trend Deciding Level at 8114
Major Headlines
Lupin, Aurobindo Pharma, Jubilant Life gets approvals for Diovon
Nifty Indices
The Nifty was quite volatile today but finally closed almost flat forming a "long-legged doji" candlestick pattern at the 78.6% retracement level of its previous move. This pattern is formed near the neckline of a bearish head-and-shoulders pattern which is a concern for bears. Generally, this formation calls for a short-term reversal and since this fall is a five-wave fall a bounce can't be ruled out. So, with these set of evidences from the Elliott wave theory and chart prototype, we assume that this candlestick pattern will have a short impact. The daily momentum indicator has just gone into a sell mode which is a bearish sign going forward. So, we continue to maintain our bias down for both the short and the medium term.
In the daily chart the index is trading below the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8229 and 8236 respectively. The thrust indicator is trading in negative sort on the daily chart
In the hourly chart, Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8231 and 8264 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned positive.
The market duration was turned negative with 641 advances and 879 declines, Unchanged 62 Total Issue 1582 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8193-8233-8272
Nifty Future Major Support on Downside is at 8105-8057-8017
Trend Deciding Level at 8145
Bank Nifty Major Resistance on Upside at 18609-18743-18878
Bank Nifty Major Support on Downside at 18323-18171-18037
Trend Deciding Level is at 18457
30 Days Simple Moving Averages @ 8332
50 Days Simple Moving Averages @ 8324
150 Days Moving Averages @ 7953
200 Days Simple Moving Averages @ 7667
5 Days Rsi at 28 and 14 Days Rsi at 39 Indicates Nifty Place in Trading Zone, with Bearish Moment.
Best Intraday Tips Provider
Buy Nifty Jan Intraday Fut above 8180 sl 8155 Tgt 8200-8225 {Or} Sell 8130 sl 8155 Tgt 8110-8085
Buy Bank Nifty Jan Intraday Fut above 18535 sl 18485 Tgt 18585-18635 {Or} Sell Below 18435 sl 18485 Tgt 18385-18335
Curious Fact
In a sense we are all space travelers, and our space-ship is the planet Earth itself. It zooms along its orbit at the speed of 1, 07,000 kilometers every hour-only we don't realize it!
Article Source: http://goo.gl/Atv0aY
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