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Nifty flows Lower on Profit booking plus Best Intraday Tips .pdf


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Title: Nifty flows Lower on Profit booking plus Best Intraday Tips
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Nifty flows Lower on Profit booking plus Best Intraday Tips

Indian Best Intraday shares closed poorer for a second successive session as investors booked
profits in topical outperformers, after rising earlier on positive sentiment due to a good monsoon.
The Bombay Stock Exchange Sensex closes at 27747 were loss by 90 points or impel low by
0.32 percent. Nse Nifty Closes at 8509 were low by 33 points or hush reap by 0.38 percent. The
S&P BSE Midcap settling at 12050, down by 75 points or by 0.62 percent, while S&P BSE Small
cap closes at 11922 were down by 57 points, or 0.48 percent each on Futures Trading Market.
Sensex Major Resistance on Upside at 27939-28131-28323
Sensex Major Support on Downside at 27628-27509-27317
Trend Deciding Level at 27820
20 DSMA at 27158
40 DEMA at 26850
Short Term Trend: LOW
Medium Term Trend: UP
Nifty Index Major Resistance on Upside at 8567-8626-8684
Nifty Index Major Support on Downside at 8474-8440-8381
Trend Deciding Level at 8533
20 DSMA at 8324
40 DEMA at 8228
Short Term Trend: LOW
Medium Term Trend: UP
Major Headlines
Dr Reddy`s Omeperzole and Sodium Bicarbonate, A Therapeutic Equivalent To Zegerid
LT FOODS-UK subsidiary acquires 817 elephant brand rice
ICICI Prudential Life Files for IPO
Mind Tree down even before declaring Numbers for its Q1FY17
Nifty Indices
On 18 July 2016: Foreign Institutional Investors (FII) Net Bought – INR 599.09 Crores and
Domestic Institutional Investors (DII) Net Sold – INR 439.09 Crores.
The Nifty opened higher even though ended the trading session at the squat position of the
today day trading. Further importantly, the Index has broken below the short term support
streak. After today’s fall, it has inveterate the V-wave up move and we can see some
momentous correction in the near term. On the way up, the Index may find resistance at 8540–
8595 levels. On the way down, it has support around 8470, below which it can waft down to
8440–8395. In addition, on the hourly chart, the Nifty has broken a series of higher tops and
higher bottoms. For the short term, any rise in the Index is supposed to be seen as a selling
chance.
In the intervening time, regardless of surpassing the crucial hurdle zone of 19050, the Bank
Nifty couldn’t sustain above it. On the other hand, it has been relatively more flexible compared
to the Nifty. Going forward, the Bank Nifty can also see some selling pressure at higher levels.
For this reason, caution needs to be maintained while trading on the long side. On the upside,
the Bank Nifty has resistance at 19040-19230 levels. On the way down, 18830 will act as a
support below which it can drift down to 18665 levels.
In view of the fact that the Nifty has broken the short term support line, we rework our short term
outlook from bullish to bearish for a short term target of 8175.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the
Forty-DMA, ie 8324 and 8228 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 8546 and 8506 correspondingly, the hourly impetus indicator encompass turned
negative.
The market duration was turned negative with 603 advances and 1007 declines, Unchanged 55
Total Issue 1665 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8573-8636-8698
Nifty Future Major Support on Downside is at 8479-8448-8385
Trend Deciding Level at 8542
Bank Nifty Major Resistance on Upside at 19094-19262-19431
Bank Nifty Major Support on Downside at 18839-18752-18584
Trend Deciding Level is at 19007
30 Days Simple Moving Averages @ 8280
50 Days Simple Moving Averages @ 8150
150 Days Moving Averages @ 7760
200 Days Simple Moving Averages @ 7818
To get good advantage join our paid services
Best Intraday Tips Provider
Buy Nifty Fut above 8555 sl 8530 Tgt 8575-8600 {Or} Sell Below 8488 sl 8513 Tgt 8468-8443
Buy Bank Nifty above 18980 sl 18930 Tgt 19030-19080 {Or} Sell Below 18865 sl 18915 Tgt
18815-18765
Multibagger Stock
Buy Exide Ind at 173 Target 215 Time Period: 6-9 Months
Curious Fact
A New Born Kangaroo is small enough to fit in a Teaspoon. .


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