Nifty Kamikaze on Road and Options Trading Tips

Information about Nifty Kamikaze on Road and Options Trading Tips

Published on May 7, 2014

Author: speak2earth

Source: authorstream.com

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PowerPoint Presentation: Nifty Kamikaze on Road and Options Trading Tips Indian Options Trading stock market rose for a second successive session on Tuesday to mark their uppermost close in a week like blue-chips such as Reliance Industries achieve after foreign investors snapped a 5-day selling vein in index futures. The Bombay Stock Exchange Sensex closes at 22509 were up by 64 points or gained by 0.28 percent where BSE Midcap index rose 0.31 percent while BSE Smallcap gained 0.46 percent today intraday trade. Sensex Major Resistance on Upside at 22592-22674-22756 Sensex Major Support on Downside at 22437-22364-22282 Trend Deciding Level at 22519 Nifty Index Major Resistance on Upside at 6741-6766-6790 Nifty Index Major Support on Downside at 6694-6672-6647 Trend Deciding Level at 6719 Major Headlines Suzlon Group signs agmt to supply up to 47 WTGs with PowerWorks, US Punj Lloyd wins EPC order worth Rs 1270 cr in Yemen NALCO block deal: 23.5 lakh shares exchanged on NSE at Rs 39.50/share Hindustan Organic Chemicals board to consider sale of land at Panvel, Mumbai Berger Paints hikes decorative paint prices by 1% Wipro signs partnership with US-based co. AxiomSL for Fin Services HDFC 04: Net Profit at Rs 1,723 cr Vs Rs 1,555 cr (Y0Y) Nestle block deal: 3.38 lakh shares exchanged on NSE at Rs 4,710/sh Swaraj Engines board recommended an equity dividend of 150% ( Rs. 15/sh ) Results on Wednesday were Iupin, Syndicate Bank, Allahabad Bank Nifty Indices Nifty formed a star in the intraday trading session, in this manner enduring to trade in the 6750 to 6650 range. In Nifty Japanese candlesticks twisted in the last couple of trading sessions clearly show that the fight between bulls and bears has been relatively strong. The index prolong to trade between the levels 6750-6650, ie the Twenty-day moving average [DMA] and the Forty-day exponential moving average. In burden so, the Nifty has created a triangular mold on its hourly chart and trading within this range is almost like a suicide attack, ie “Kamikaze”. Now, till Nifty doesn’t break the 6650 level, we shall uphold our short-term bias up as there exist a probability of formation of wave four following which wave five up will ensue. Hence, traders have a good peril/prize ratio. The mean of the Bollinger band has been stand-in like a brawny resistance, so in order to gain more might, the Nifty has to surpass and close above PowerPoint Presentation: its signify. Beneath 6650, the Nifty will authenticate the wave III of C down which has a minimum target of 6480-6450. In the daily chart the index is trading between the Twenty-Daily moving averages (DMA) and the Forty-DMA, ie 6748 and 6625 correspondingly. The momentum pointer is trading in negative mode with negative deviation. In the hourly chart, the Nse Nifty is trading between the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 6711 and 6728 correspondingly, which are vital intra-day levels. The hourly impetus indicator encompass turned positive. The market duration was turned almost f alt with 746 advances and 739 declines on the National Stock Exchange. Nifty Future Major Resistance on Upside at 6773-6798-6823 Nifty Future Major Support on Downside is at 6725-6702-6677 Trend Deciding Level at 6750 Bank Nifty Major Resistance on Upside at 13110-13154-13197 Bank Nifty Major Support on Downside at 13012-12958-12914 Trend Deciding Level is at 13056 5 Daily Moving Average 6713 50 Daily Moving Average @ 6534 200 Daily Moving Average 6132 5 Days Relative Strength Index 32 and 14 Days Relative Strength Index NIFTY PLACED IN TRADING ZONE, WITH BEARISH MOMENT. 52 INDICATES Options Trading Tips Buy Nifty Fut May Intraday above 6780 sl 6755 Tgt 6800-6825 {Or} Sell Below 6730 sl 6755 Tgt 6710-6685 Buy Bank Nifty May Intraday above 13120 sl 13070 Tgt 13170-13225 {Or} Sell below 13020 sl 13070 Tgt 12970-12920 Curious Fact The first Tata Company to be set up was Indian Hotels or the Taj at Mumbai in 1903. TISCO was set up in 1907, Tata Hydro —Electric Power in 1910, Tata Oil Mills in 1917, Tata Chemicals in 1932 and Tata Motors in 1945..

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