Nifty Breaking into a Sprint and Stock Trading Tips

Information about Nifty Breaking into a Sprint and Stock Trading Tips

Published on March 25, 2014

Author: speak2earth

Source: authorstream.com

Content

PowerPoint Presentation: Nifty Breaking into a Sprint and Stock Trading Tips Indian shares jumped over one percent on Monday to record highs, surpassing their previous all-time highs hit just last week as lenders including ICICI Bank extended a recent rally boosted by strong foreign investor flows. The Bombay Stock Exchange Sensex closes at 22056 were up by 301 points or rose 1.38 percent. BSE Midcap index rose 0.13%, while the BSE Smallcap index gained 0.15% in trade today Sensex Major Resistance on Upside at 22175-22285-22394 Sensex Major Support on Downside at 21856-21645-21536 Trend Deciding Level at 21965 Nifty Index Major Resistance on Upside at 6619-6653-6687 Nifty Index Major Support on Downside at 6523-6461-6427 Trend Deciding Level at 6557 Major Headlines ONGC gains as board likely to approve interim dividend Techno Electric soars on stake hike by promoter JP Associates says board to meet today to mull stake sale in JV arms Reliance Power says 3rd 660 MW unit of 3,960 MW Sasan UMPP starts power generation Ecommerce Market in India expected to grow 4 times by CY17 Supreme Infra receives orders worth Rs 618 cr Sunil Hitech Engineers promoter ups stake in co. by 5% via warrant conversion Mastek: Ashish Dhawan cuts stake in co. by 4.06% to 6.08% BHEI.. gets Rs 3,000 cr order from NTPC for 2x800 MW supercritical boilers Redington block deal: 12.4 lakh shares exchanged on BSE at Rs 68.10/share Indian Indices The Nse Nifty Index closed in the positive note today, were up by 88 points and closes at 6583. In excess of the next couple of days it is expected to trend is up till 6600. In this period the key support will be at 6523 and resistance will be at 6600. The Nifty has been forming higher tops and higher bottoms; it has also closed above the previous swing’s high which is a positive sign for the market In the daily chart the index is trading above the Twenty-Daily moving averages (DMA) and the Forty-DMA, ie 6416 and 6332 correspondingly. The momentum pointer is trading in negative mode. In the hourly chart, the Nse Nifty is trading above the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 6525 and 6332 correspondingly, which are vital intra-day levels. The hourly impetus indicator encompass turned negative. The market duration was turned positive mode today with 699 advances and 762 declines on the National Stock Exchange. Nifty Future Major Resistance on Upside at 6629-6660-6691 Nifty Future Major Support on Downside is at 65 5 0-6502-6471 Trend Deciding Level at 6581 PowerPoint Presentation: Bank Nifty Major Resistance on Upside at 12576-12683-12790 Bank Nifty Major Support on Downside at 12256-12043-11936 Trend Deciding Level is at 12363 5 Daily Moving Average @ 6520 50 Daily Moving Average @ 6250 200 Daily Moving Average @ 6012 5 Days Relative Strength Index @ 78 and 14 Days Relative Strength Index @ 71 INDICATES NIFTY PLACED IN EXTREME BULLISH ZONE, WITH BULLISH MOMENT. Global Trends Gold Trading Below 1350-1317 US Dollar Index Trading Around 80-80.34 Nymex Crude Trading Above 100-100.05 DOW Future Trading with 34 points loss on Monday Intraday Trade Neutral Global Trend Seen Stock Trading Tips Buy Nifty Fut March Intraday above 6625 sl 6600 Tgt 6645-6670 {Or} Sell Below 6575 sl 6600 Tgt 6555-6530 Buy Bank Nifty March Intraday above 12515 sl 12465 Tgt 12565-12615 {Or} Sell below 12415 sl 12465 Tgt 12365-12315 Curious Fact The Sri Venkateswara Temple at Tirupati is the most visited pilgrimage destination in the world.

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