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Free Sure Shot Intraday Tips

Nifty Stock :After a test of 5196 on last Monday Nifty finally broken their major resistance level 5328 and 5380 and finally managed to closed at 5478 which indicate short term bullishness and indicate that the worst could have been averted for the time being. 

Volume suddenly picked up and in FO segment neared Rs. 200000 crores on Friday. On the other hand Put Cal Ratio if Index show fallen below 1, which was, indicate over sold market. Open Interest in FO Segment around Rs. 145000 crores. In this juncture, we should watch Friday high 5378 very carefully and crossover and stay with volume may test 5550-5560-5570, thereafter more short covering and fresh long will take up to 5650 in near term. On the flip side Lower level strong support range 5350-5300 and further weakness only below that level. 

TODAY: At the end of the week Nifty open positively and it was showing good strength one side movement on positive side with the effect of crude price and close positively. It was breaking all resistance level in single bars. Now we may consider support 5420-5378-5330, resistance 5511-5555-5615 watch out. Today Magic No. 5483 Below sell side. 

BSE : In the last week big volatile were saw (Low 17314) and Monday big fall were saw the mood was exactly reversal on Friday trading and find that traders are covering their short position and Sensex managed to close above 18000 and finally closed at 18268 (which is a 38.2% retracement level of previous rally) FIIs who were net sellers through June turned to buyers in the last two sessions and they purchased more than 1000 Cores. Overall trend is still medium term down but time to pause at current juncture and closely watch Friday High 18268 - successfully crossover it will move towards 18500-18650-18800-18850. On the flip side, failure to close above that level will donwn to again 18000-17700 then rest again 17134.

TODAY: At the end of the week BSE Index open positively and it was showing very good strength on positive with the effect of crude price side and close positively. Now the consider support at lower level 17487-17314, where as the resistance 17786-17869. Today Magic No. 18286.

Bank Nifty Stock Market : As mentioned in this column no of times that lower level strong support 10300-10350 and break with volume only weakness.... On the higher side crossover 10650 will move north word journey and it was did it on Friday trading and made a high 10897 mark. Short-term trend is positive side. We may consider support is 10500 and resistance 11000-11150 range.

Today: At the end of the week Bank Nifty was open positively and showing good strength on positive side and close positively. It breaking the all resistance level and all banking stocks showing gap up opening and give the short covering in the market. Now consider support of in bank nifty 10723-10750-10800 and on upside resistance around 10915-10950-11057. Today Magic No. 10910.

CNX IT: On Friday tremendous strength were saw resulted it was added 200 points and finally closed at 6499. Short-term trend is positive with consider support 6300-6500 range. Higher level again it will face resistance 6650-6700 range.

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