Indian Intraday shares rallied to their highest level in not quite Eleven months on Monday Day Trading, tracking a rise in global markets after strong US monthly jobs data at ease investors about the health of the world’s largest economy. The Bombay Stock Exchange Sensex closes at 27627 were gain by 500points or impel high by 1.84 percent. Nse Nifty Closes at 8468 were high by 145 points or hush zooms by 1.74 percent. The S&P BSE Midcap settling at 12057, up by 177 points or by 1.49 percent, while S&P BSE Small cap closes at 12071 were up by 95 points, or 0.79 percent each on Intraday Stock Market Trading.
Outlook for the Week:
On 12.07.2016: Index of Industrial Production Data, Consumer Price Index inflation Data and also Jolts and NFIB Small Business Optimization Data to be announced.
On 13.07.2016: Import and Export Prices, Beige Book and Treasury Budget to be announced
On 14.07.2016: Jobless Claims and PPI-FD Data to be announced.
On 15.07.2016: Business Inventories and Consumer Sentiment, Consumer Price Index, Empire State Mfg Survey, Industrial Production, Retail Sales Data to be announced.
Sensex Major Resistance on Upside at 27841-28056-28270
Sensex Major Support on Downside at 27215-26804-26589
Trend Deciding Level at 27430
20 DSMA at 26834
40 DEMA at 26575
Short Term Trend: UP
Medium Term Trend: UP
Nifty Index Major Resistance on Upside at 8521-8574-8627
Nifty Index Major Support on Downside at 8369-8270-8217
Trend Deciding Level at 8321
20 DSMA at 8228
40 DEMA at 8143
Short Term Trend: UP
Medium Term Trend: UP
Major Headlines
Bajaj Finance Hits Life Time High at 8715 on Nse
Nila Infrastructure Spurts upbeat
TVS Motor initiate Powerful Four Stroke TVS XL 100 in West Bengal
RBI allows foreign investors to buy Punjab National Bank shares
Nifty Indices
On 11 July 2016: Foreign Institutional Investors (FII) Net Bought – INR 1,055.80 Crores and Domestic Institutional Investors (DII) Net Sold – INR 610.57 Crores.
The Nifty opened with a big gap of Ninty points and ended the trading session at the high Day Trading Point. After a brief period of consolidation, the Index has yet again started building higher highs, signifying that it is steadfastly in the bulls’ hold. The Nifty is now imminent the higher end of the trading channel, which is around 8490 levels. More importantly, it has closed above 8440, which was a vital hurdle zone. The swing low of 8287 will now act as a major support and is also a trend reversal level now. Prearranged that the Nifty is approaching the upper range of the trading channel, some correction or consolidation cannot be ruled out. On the other hand, the overall trend is up and every dip should be seen as a buying opportunity.
Meanwhile, the Bank Nifty had been consolidating around 18000 levels and has witnessed a fresh breakout above 18170 levels. Any dip toward 18079–18170 should be seen as a buying opportunity. On the upside, the Bank Nifty has a minor hurdle around 18500 levels, above which it can see 18770. Overall, the trend for the Nifty and the Bank Nifty is positive.
We ought to maintain our optimistic bias on the Nifty for a short idiom target of 8530 as protracted as it is trading above 8287
In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8228 and 8143 respectively. The thrust indicator is trading in positive sort on the daily chart
In the hourly chart, Nifty is trading above the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 8370 and 8352 correspondingly, the hourly impetus indicator encompass turned positive.
The market duration was turned positive with 1083 advances and 534 declines, Unchanged 60 Total Issue 1677 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 8496-8499-8503
Nifty Future Major Support on Downside is at 8489-8485-8482
Trend Deciding Level at 8492
Bank Nifty Major Resistance on Upside at 18571-18656-18742
Bank Nifty Major Support on Downside at 18326-18166-18081
Trend Deciding Level is at 18411
30 Days Simple Moving Averages @ 8224
50 Days Simple Moving Averages @ 8071
150 Days Moving Averages @ 7736
200 Days Simple Moving Averages @ 7802
To get good advantage join our paid services
Buy Nifty Fut above 8510 sl 8490 Tgt 8530-8555 Or Sell Below 8445 sl 8465 Tgt 8425-8400
Buy Bank Nifty Fut above 18530 sl 18480 Tgt 18580-18630 Or Sell Below 18425 sl 18475 Tgt 18375-18325
Buy Bharat Bijlee Limited Above 969 sl 955 Tgt 990-1010
Multibagger Stock
Buy Exide Ind at 173 Target 215 Time Period: 6-9 Months
Curious Fact
There is a Pet Penguin Named La La in Japan. Every day he walks into town by himself with a back pack and collects fish from the local fish market.
Article Source: https://goo.gl/YgtKqU
Nifty Regain 8450 and Intraday Share Tips
No comments:
Post a Comment