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Nifty Regain 8600 Levels plus Stock Market Tips for Intraday .pdf


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Title: Nifty Regain 8600 Levels plus Stock Market Tips for Intraday
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Nifty Regain 8600 Levels plus Stock Market Tips for Intraday

Indian Intraday Stock Market shares rose on Monday, with recent under performers such as
Infosys and State Bank of India getting better on improved sentiment following assertions from
global policymakers on the need to boost up growth. Goods and Services Tax (GST)
constitutional amendment bill has been scheduled for discussion in Rajya Sabha for this week.
Effect of the same will impact market movement departure forward along with quarterly result of
the major companies which is likely bring some unpredictability. Central bank's meetings in the
United States and Japan due anon in this week will also going to play major important role in
our stock markets. The Bombay Stock Exchange Sensex closes at 28095 were moving up by
292 points or impel up by 1.05 percent. Nse Nifty Index Closes at 8636 were up move by 94
points or hush ladder by 1.11 percent. The S&P BSE Midcap settling at 12400, up by 123 points
or by 1.00 percent, while S&P BSE Small cap closes at 12234 were up by 127 points, or 1.05
percent each on Intraday Stock Market Trading.
Sensex Major Resistance on Upside at 28234-28372-28511
Sensex Major Support on Downside at 27832-27568-27429
Trend Deciding Level at 27970
20 DSMA at 27433
40 DEMA at 27075
Short Term Trend: UP
Medium Term Trend: UP
Nifty Index Major Resistance on Upside at 8700-8765-8829
Nifty Index Major Support on Downside at 8511-8387-8322
Trend Deciding Level at 8576
20 DSMA at 8414
40 DEMA at 8301
Short Term Trend: UP
Medium Term Trend: UP
Major Headlines
Ahluwalia Contracts surges 5% on construction orders of Rs 473cr
RBI Imposes Penalty Of Rs.5 Cr On Bank Of Baroda
Uflex Launches Extrusion Lamination Machine EL-1300 in India
Jayant Agro Hits 52 Weeks New High at 327.20 closes at same reap
Manpasad Shines Today stock hits 52 weeks high at 743.80 and stock closes at 707.50
Nifty Indices
On 25 July 2016: Foreign Institutional Investors (FII) Net Bought – INR 891.01 Crores and
Domestic Institutional Investors (DII) Net Sold – INR 67.89 Crores.
The Nifty opened lower but ended the day trading session at the high point of the day. The
Index, which was trading in a range for the past few trading sessions, formed a triangular
pattern and broke out above the triangle, indicating continuation of the uptrend. Also, the Nifty is
trading very close to our medium term target. Given that the Index has given a breakout above
8595, we have revised our short term and medium-term target to 8750 and 8850, respectively.
Moreover, the Index has broken the lower top and lower bottom formation.
The long real body in daily Nifty candle stick chart pattern indicating presence of strong buying.
This is extremely bullish pattern, indicates the present up trend is likely to continue due to

interested buyer even at higher level on the whole, the trend for the Nifty has turned bullish.
Consequently, we amend our short term outlook from bullish to bearish for a target of 8750
In the interim, the Bank Nifty has retraced almost 78.6% of the previous fall. It would be
interesting to see if it reclaims 19150 or not. Immediate resistance for the Bank Nifty is around
19050, above which a move toward 19150–19230 is likely. On the downside, 18835 is now a
crucial support for the Bank Nifty. On the other hand, it continues to make lower top and lower
bottom, indicating weakness. The bulls will dominate if it manages to break above 19150.
In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the
Forty-DMA, ie 8415 and 8300 respectively. The thrust indicator is trading in negative sort on the
daily chart
In the hourly chart, Nifty is trading above the Twenty-hourly moving averages (HMA) and the
Forty-HMA, ie 8552 and 8545 correspondingly, the hourly impetus indicator encompass turned
positive.
The market duration was turned positive with 1069 advances and 520 declines, Unchanged 77
Total Issue 1666 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8678-8720-8761
Nifty Future Major Support on Downside is at 8563-8490-8448
Trend Deciding Level at 8605
Bank Nifty Major Resistance on Upside at 19181-19367-19553
Bank Nifty Major Support on Downside at 18708-18421-18235
Trend Deciding Level is at 18894
30 Days Simple Moving Averages @ 8336
50 Days Simple Moving Averages @ 8219
150 Days Moving Averages @ 7790
200 Days Simple Moving Averages @ 7835
To get good advantage join our paid services
Stock Market Tips for Intraday
Buy Nifty Fut above 8668 sl 8643 Tgt 8688-8713 {Or} Sell Below 8600 sl 8625 Tgt 8580-8555
Buy Bank Nifty above 19045 sl 18995 Tgt 19095-19145 {Or} Sell Below 18960 sl 19010 Tgt
18910-18860
Buy Relinfra 580 Call Above 8 sl 7 Tgt 11
Buy Bhel 150 Call Above 2 sl 1.5 Tgt 3
Multibagger Stock
Buy Manpasand at 700 Target 1000 Time Period: 6-9 Months
Curious Fact
In a lifetime the average human produces enough saliva to fill 2 swimming pools.


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