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Nifty in Rally Mode plus Intraday Trading Tips .pdf


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Title: Nifty in Rally Mode plus Intraday Trading Tips
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Nifty in Rally Mode plus Intraday Trading Tips

Indian Intraday Trading shares gained for a second successive session in a row on Tuesday
Day Trading, with the National Stock Exchange index hitting its highest in almost Eleven
months, on the back of encouraging United States data and potential of further monetary spur
from global policymakers. The Bombay Stock Exchange Sensex closes at 27808 were gain by
181 points or impel high by 0.66 percent. Nse Nifty Closes at 8521 were high by 53 points or
hush zooms by 0.63 percent. The S&P BSE Midcap settling at 12117, up by 59 points or by
0.49 percent, while S&P BSE Small cap closes at 12081 were up by 10 points, or 0.08 percent
each on Intraday Stock Market Trading.
Outlook for the Week:
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 27879-27949-28020
Sensex Major Support on Downside at 27683-27557-27487
Trend Deciding Level at 27753
20 DSMA at 26905
40 DEMA at 26635
Short Term Trend: UP
Medium Term Trend: UP
Nifty Index Major Resistance on Upside at 8543-8565-8587
Nifty Index Major Support on Downside at 8482-8443-8421
Trend Deciding Level at 8504
20 DSMA at 8248
40 DEMA at 8162
Short Term Trend: UP
Medium Term Trend: UP
Major Headlines
Greaves Cotton forays into multi-brand spares biz; share up 5%
Quees Corp Makes a Block Buster Debut whooping Premium of 57%
Sat Industries gains on acquiring additional 2.76% wager in GENEXT Students
Nifty Indices
On 12 July 2016: Foreign Institutional Investors (FII) Net Bought – INR 212.92 Crores and
Domestic Institutional Investors (DII) Net Bought – INR 119.27 Crores.
Nifty opened gap up hitherto again and ended the trading session at the high summit of the day.
After a spiky run in the last trading session, the Index today continued to inch higher. It has met
our short term target of 8530. It may find some resistance in the zone of 8530-8560, above
which a speedy move toward 8650 can be predictable. Additionally, the Index has also
managed to break and close above the trading channel on the daily chart. If the Nifty manages
to sustain above this trading channel, then it may enter a new range. Also, a big move can be
expected in the coming trading sessions. On the downside, the Nifty has support at around
8495–8440 levels. Every plunge should be seen as a buying prospect.
In the intervening time, the Bank Nifty has seen a fleet move on the upside after consolidating
around 18000 levels. The Bank Nifty has some minor resistance at around 18750, above which
a move toward 18895–19000 is likely. On the downside, 18540–18400 will work as support. The

trend for the Nifty and the Bank Nifty is bullish and every douse should be seen as a buying
prospect. Given that the Nifty has reached our short term target of 8530, we revise our short
term target to 8650. We prolong to maintain our bullish attitude on the Nifty as long as it
breaches 8287 on the downside.
In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the
Forty-DMA, ie 8248 and 8162 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 8427 and 8395 correspondingly, the hourly impetus indicator encompass turned
negative.
The market duration was turned negative with 728 advances and 871 declines, Unchanged 62
Total Issue 1661 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8545-8562-8578
Nifty Future Major Support on Downside is at 8502-8476-8459
Trend Deciding Level at 8519
Bank Nifty Major Resistance on Upside at 18767-18841-18914
Bank Nifty Major Support on Downside at 18565-18437-18363
Trend Deciding Level is at 18639
30 Days Simple Moving Averages @ 8235
50 Days Simple Moving Averages @ 8085
150 Days Moving Averages @ 7739
200 Days Simple Moving Averages @ 7805
To get good advantage join our paid services
Intraday Trading Tips
Buy Nifty Fut above 8533 sl 8510 Tgt 8552-8575 {Or} Sell Below 8510 sl 8533 Tgt 8492-8468
Buy Bank Nifty Fut above 18710 sl 18666 Tgt 18725-18760 {Or} Sell Below 18666 sl 18710 Tgt
18642-18607
Buy Marico Fut Above 274.65 sl 271.50 Tgt 280
Multibagger Stock
Buy Exide Ind at 173 Target 215 Time Period: 6-9 Months
Curious Fact
There is a Pet Penguin Named La La in Japan. Every day he walks into town by himself with a
back pack and collects fish from the local fish market .


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