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Nifty a Shooting Star and Share Tips Intraday .pdf


Original filename: Nifty a Shooting Star and Share Tips Intraday.pdf
Title: Nifty a Shooting Star and Share Tips Intraday
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Nifty a Shooting Star and Share Tips Intraday

India’s Nse Index Share Market rose to Ten months high on Today Intraday Trading as a Tata
Motors rallied after relocation planetary auto sales for June, with broader emotion underpinned
by a nonstop recovery in global markets from Britain's shock vote to run off the European Union.
The Bombay Stock Exchange Sensex closes at 27279 were roses by 134 points or impel high
by 0.49 percent. Nse Nifty Closes at 8371 were credited by 42 points or plant slide slider up by
0.51 percent. The S&P BSE Midcap settling at 11927, up by 69 points or by 0.58 percent, while
S&P BSE Small cap closes at 12006 up by 121 points, or 1.01 percent each on Intraday Stock
Market Trading.
Sensex Major Resistance on Upside at 27394-27510-27625
Sensex Major Support on Downside at 27154-27030-26914
Trend Deciding Level at 27270
20 DSMA at 26747
40 DEMA at 26415
Short Term Trend: UP
Medium Term Trend: UP
Nifty Index Major Resistance on Upside at 8404-8436-8469
Nifty Index Major Support on Downside at 8333-8294-8262
Trend Deciding Level at 8365
20 DSMA at 8200
40 DEMA at 8094
Short Term Trend: UP
Medium Term Trend: UP
Major Headlines
MTNL Jumps on IT Refund the stock closes at 1.80% up
Quess Corp Initial Public Offer oversubscribed 144.5 times
Mannapuram Hits 52 weeks High at 81.70 and Stock closes at 77.85
Nifty Indices
On 04 July 2016: Foreign Institutional Investors (FII) Net Bought – INR 182.28 Crores and
Domestic Institutional Investors (DII) Net Bought – INR 377.45 Crores.
The Nifty yet again opened with a gap and ended the trading session on a positive note. After
last week’s sharp rebound, the Index is now showing some signs of tiredness. Today Intraday
Trading, the Nifty made a shooting star candlestick, indicating that some profit booking can be
possible in the coming week. However, overall, the Nifty is in a strong uptrend. However, some
profit booking or consolidation cannot be ruled out after last week’s sharp bounce back. The
Index has managed to break out above the crucial weekly swing high of 8336, which will now
act as a strong support. In the near term, the Nifty has a hurdle at 8440. The Index will gain
momentum if it manages to sustain above 8440. However, any meaningful correction should be
seen as a buying opportunity.
Meanwhile, the Bank Nifty has managed to break above its resistance level of 18050. The Bank
Nifty has been consolidating in the range of 17000 and 18000 for a very long time. If the Bank
Nifty manages to sustain above 18000, then a good move is expected in the coming days. On
the downside, 17943-17762 levels will act as support. Overall, the trend for the Nifty and the
Bank Nifty is bullish and every dip should survive seen as a buying prospect.

We continue our chipper standpoint on the Nifty. The short-term target for the Nifty is 8530 as
long as it is trading above 8150.
In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the
Forty-DMA, ie 8200 and 8094 respectively. The thrust indicator is trading in positive sort on the
daily chart
In the hourly chart, Nifty is trading above the Twenty-hourly moving averages (HMA) and the
Forty-HMA, ie 8336 and 8274 correspondingly, the hourly impetus indicator encompass turned
negative.
The market duration was turned positive with 1061 advances and 516 declines, Unchanged 86
Total Issue 1663 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8409-8432-8454
Nifty Future Major Support on Downside is at 8370-8354-8331
Trend Deciding Level at 8393
Bank Nifty Major Resistance on Upside at 18200-18250-18300
Bank Nifty Major Support on Downside at 18093-18036-17986
Trend Deciding Level is at 18143
30 Days Simple Moving Averages @ 8172
50 Days Simple Moving Averages @ 8034
150 Days Moving Averages @ 7724
200 Days Simple Moving Averages @ 7791
To get good advantage join our paid services
Share Tips Intraday
Buy Nifty Fut above 8395 sl 8372 Tgt 8413-8436 {Or} Sell Below 8372 sl 8395 Tgt 8354-8331
Buy Bank Nifty Fut above 18160 sl 18123 Tgt 18182-18215 {Or} Sell Below 18123 sl 18160 Tgt
18100-18066
Buy CadilacHc Fut Above 336 sl 332 Tgt 340
Multibagger Stock
Buy Sagar Cement at 690-680 Target 900 Time Period: 6-9 Months
Curious Fact
Government Vehicle is Cuba are legally required to pick up any hitchhikers.


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