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Nifty Recuperated In Late Trade plus Futures Trading Tips .pdf


Original filename: Nifty Recuperated In Late Trade plus Futures Trading Tips.pdf
Title: Nifty Recuperated In Late Trade plus Futures Trading Tips
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Nifty Recuperated In Late Trade plus Futures Trading Tips

Indian Futures and Option Trading shares edged higher on Tuesday as state run banks gained
after the government said it would infuse 229.15 billion rupees ($3.41 billion) in 13 state run
banks this fiscal year as part of a previously announced plan. The Bombay Stock Exchange
Sensex closes at 27788 were gain by 41 points or impel raise by 0.15 percent. Nse Nifty Closes
at 8529 were high by 20 points or hush pick by 0.23 percent. The S&P BSE Midcap settling at
12072, up by 22 points or by 0.18 percent, while S&P BSE Small cap closes at 11910 were
down by 13 points, or 0.11 percent each on Intraday Stock Market Trading.
Sensex Major Resistance on Upside at 27878-279969-28059
Sensex Major Support on Downside at 27669-27551-27460
Trend Deciding Level at 27760
20 DSMA at 27205
40 DEMA at 26897
Short Term Trend: LOW
Medium Term Trend: UP
Nifty Index Major Resistance on Upside at 8552-8576-8599
Nifty Index Major Support on Downside at 8491-8454-8430
Trend Deciding Level at 8515
20 DSMA at 8339
40 DEMA at 8243
Short Term Trend: LOW
Medium Term Trend: UP
Major Headlines
SPDR Gold Share ETF Saw Biggest Weekly Outflow in 8 Months
PNB revises interest rates for 1-2 yr term deposits from 7.55% to 7.40%
Ultra Tech Standalone Net Profit Up 26.2% at Rs.757.6 Cr Vs Rs.600 Cr (YoY)
Nifty Indices
On 19 July 2016: Foreign Institutional Investors (FII) Net Bought – INR 548.90 Crores and
Domestic Institutional Investors (DII) Net Sold – INR 377.43 Crores.
Nifty opened almost flat, turned askance, drifted lower but ended the day trading session on a
encouraging note on account of a jet in the last hour. On the other hand, the Index has broken
down below the short term support line. Today’s up-move is possibly a minor technical pullback.
The Nifty may find resistance at 8555-8570, which are 61.8% and 78.6% retracement levels,
correspondingly, of the fall from 8595 to 8476. In addition, the Index is making lower tops and
lower bottoms. Moreover, it is trading at the higher end of the conduit. The Nifty has multiple
resistances at the higher levels. On the way down, it has support at around 8495, below which a
move toward 8440-8395 is probable.
In the meantime, the Bank Nifty once again found resistance around 19050. Also, it is at the
higher end of the channel. On the upside, the Bank Nifty may face resistance at 19038–19230.
On the downside, 18830 will act as support, below which a move toward 18660 is possible.
We preserve our bearish posture on the Nifty for a short term target of 8175 as long as it is
trading below 8595.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the
Forty-DMA, ie 8339 and 8243 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 8535 and 8507 correspondingly, the hourly impetus indicator encompass turned
negative.
The market duration was turned negative with 685 advances and 900 declines, Unchanged 83
Total Issue 1668 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8576-8600-8624
Nifty Future Major Support on Downside is at 8507-8462-8438
Trend Deciding Level at 8531
Bank Nifty Major Resistance on Upside at 19084-19189-19295
Bank Nifty Major Support on Downside at 18864-18749-18644
Trend Deciding Level is at 18969
30 Days Simple Moving Averages @ 8291
50 Days Simple Moving Averages @ 8163
150 Days Moving Averages @ 7766
200 Days Simple Moving Averages @ 7821
To get good advantage join our paid services
Futures Trading Tips
Buy Nifty Fut above 8575 sl 8552 Tgt 8598-8621 {Or} Sell Below 8533 sl 8552 Tgt 8510-8491
Buy Bank Nifty above 19000 sl 18975 Tgt 19034-19069 {Or} Sell Below 18940 sl 19000 Tgt
18916-18881
Multibagger Stock
Buy Exide Ind at 173 Target 215 Time Period: 6-9 Months
Curious Fact
Speaking more than one language literally makes the brain more agile and increases IQ. .


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