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Nifty Shut under 8335 and Intraday Stock Market Trading Tips .pdf


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Title: Nifty Shut under 8335 and Intraday Stock Market Trading Tips
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Nifty Shut under 8335 and Intraday Stock Market Trading Tips

Indian Intraday Stock Market shares witnessed a monotonous week after the sentiments
remained muffled on dull domestic and global cues. The Bombay Stock Exchange Sensex
closes at 27127 were red by 75 points or impel slip by 0.27 percent. Nse Nifty Closes at 8323
were blood red by 15 points or plant drip by 0.18 percent. The S&P BSE Midcap settling at
11880, up by 13 points or by 0.11 percent, while S&P BSE Small cap closes at 11976 were
down by 21 points, or 0.17 percent each on Intraday Share Market Trading.
Outlook for the Next Week:
On 12.07.2016: Index of Industrial Production Data, Consumer Price Index inflation Data and
also Jolts and NFIB Small Business Optimization Data to be announced.
On 13.07.2016: Import and Export Prices, Beige Book and Treasury Budget to be announced
On 14.07.2016: Jobless Claims and PPI-FD Data to be announced.
On 15.07.2016: Business Inventories and Consumer Sentiment, Consumer Price Index, Empire
State Mfg Survey, Industrial Production, Retail Sales Data to be announced.
Sensex Major Resistance on Upside at 27276-27425-27574
Sensex Major Support on Downside at 27008-26889-26740
Trend Deciding Level at 27157
20 DSMA at 26784
40 DEMA at 26520
Short Term Trend: UP
Medium Term Trend: UP
Nifty Index Major Resistance on Upside at 8354-8384-8415
Nifty Index Major Support on Downside at 8291-8258-8228
Trend Deciding Level at 8321
20 DSMA at 8213
40 DEMA at 8127
Short Term Trend: UP
Medium Term Trend: UP
Major Headlines
8K Miles Q1 cons Net Profit up 56.3% at Rs 19.3 cr Vs Rs 12.3 cr (QoQ)
Zee Learn on astral escalation lane stock volumes zooms over 6 times
Alembic Pharmaceuticals zooms on getting EIR from USFDA for Karakhadi facility
Nifty Indices
On 08 July 2016: Foreign Institutional Investors (FII) Net Bought – INR 330.62 Crores and
Domestic Institutional Investors (DII) Net Sold – INR 512.67 Crores.
The Nifty opened virtually flat and ended the trading session on a downbeat note. The Index is
currently possibly in a curative mode after considering a sharp run up previous week. In
addition, the Nifty has given a weekly close below 8335, more to the point forming a red candle
on the weekly chart. Consequently, some correction in the in the vicinity of term is likely. On the
other hand, the Nifty has manifold supports in the zone of 8295–8260. Therefore, any dip is
supposed to be seen as a buying opportunity. On the way up, 8360-8370 will act as an obstacle,
above which a budge toward 8440 is doable.
In the meantime, the Bank Nifty supporting above 18000 is a good sign for the bulls. The Bank
Nifty may perhaps find resistance around 18145, above which a budge toward 18275 is likely.

On the way down, 17907–17762 will be the key support levels. Prearranged that it has seen a
sharp rally, some correction or consolidation cannot be feint out in the short term. Nonetheless,
the trend is up and further dips should be seen as a buying prospect.
We uphold our positive carriage on the Nifty. The short-term target for the Nifty is 8530 as long
as it is above 8150.
In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the
Forty-DMA, ie 8213 and 8127 respectively. The thrust indicator is trading in positive sort on the
daily chart
In the hourly chart, Nifty is trading between the Twenty-hourly moving averages (HMA) and the
Forty-HMA, ie 8330 and 8309 correspondingly, the hourly impetus indicator encompass turned
positive.
The market duration was turned negative with 603 advances and 984 declines, Unchanged 65
Total Issue 1652 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8366-8388-8411
Nifty Future Major Support on Downside is at 8308-8272-8250
Trend Deciding Level at 8330
Bank Nifty Major Resistance on Upside at 18148-18223-18297
Bank Nifty Major Support on Downside at 17981-17889-17814
Trend Deciding Level is at 18056
30 Days Simple Moving Averages @ 8213
50 Days Simple Moving Averages @ 8059
150 Days Moving Averages @ 7732
200 Days Simple Moving Averages @ 7799
To get good advantage join our paid services
Intraday Stock Market Trading Tips
Buy Nifty Fut above 8368 sl 8345 Tgt 8390-8413 {Or} Sell Below 8326 sl 8345 Tgt 8304-8285
Buy Bank Nifty Fut above 18115 sl 18081 Tgt 18148-18182 {Or} Sell Below 18056 sl 18081 Tgt
18023-17999
Buy Asian Paint Fut Above 1016 1008 Tgt 1024-1032
Multibagger Stock
Buy Sagar Cement at 690-680 Target 900 Time Period: 6-9 Months
Curious Fact
Crocodiles never outgrow the pool in which they live. That means that if you put a baby croc in
an aquarium, it would be little for the rest of its life.


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