Free Share Tips Intraday Trading
After positive opening NIFTY is in range bound situation and at the end it closed flat. Below 5400 we can see the next support level is 5350-5230. And major resistance is 5550.
Over all more than 500 points wipe out in last week indicate bearishness in the market.
Below 5550 major weakness in the market and may test 5375-5330-5150 higher level resistance 5550 and 5630 watch out in this week. Weekly Trend Decider 5443.
BSE INDEX
Yesterday BSE SENSEX showing range bound situation and close flat too positively. Now the next support to watch out for today is firstly 17804 and below that 17388. And major resistance at 18500 level.
CNX BANK NIFTY
Just check out the Bank Nifty on charts at 10437 level it give free fall around 80 points and close around 50 points downside from the breakout level. Yesterday it was in range bound situation. Bank Nifty finally breaks the 10400 level and close below. Then next support is 10320 below that finally downside tgt. Is 9905. And major resistance is 10750.
PNB
HOT SELL.....HOT SELL ... HOT SELL... Now consider resistance 1050 and sell side, down side target...........900-845 in coming days.
BHARTI TEL
We are continuous writing resistance + Laxman Rekha of this counter 345-350 level and crossover and close above think to buy side, otherwise sell.... Check what happened on yesterday.....and higher level.
RELIANCE INFRA
Down side strong support 670 watch out.........if hold this level, short term bounce back likely......
STER LTD
Higher level stiff resistance 173-175 watch out.............
RENUKA SUGAR
Do not panic at lower of this Industry leader.......now hold support 90 target 100 mark.
RELIANCE
Lower level some support and buying were saw in this counter.... Now resistance 948-950 watch out.....of Big Brother.........
DLF
Short term positive.... Now consider resistance 249-250 range.....
BANKNIFTY
Market is holding below the 11041 level. Stop at 11950. index drop down to 9677, The mid side level of 10513 was broken when prices closed below the middle pitchfork line.
RELIANCE: Support level of 928 was broken. Look for a possible drop to the next support level 911.
TATA MOTORS: Maintain short position. Price projection of 1141 has been reached. Stop at 1203. Downward trend shows some strength with today's close below the lower pivot band. The CCI is below -100. This security is oversold at this time.
TATA STEEL : Support level of 641 was broken. Look for a possible drop to the next support level 616-605-599.
HINDALCO: Remain out from the Stock.
STERLITE: Support level of 169 was broken. Look for a possible drop to the next support level150-140.
