Share Market Sure Tips
BSE index: (18722) Consider for this week...Crossover above 18766 it'll surge up to 18813 & 18879-18917 where selling will be seen. Crossover above 18917 it'll turn bit positive & spurt up to 19006 & 19154 which is a major resistance to watch out for. A close above 19154 only it'll turn total positive & spurt up to 19280, 19393 & 19575.
Downward side 18640 a nearest & 18567-18519 crucial support, keep stop loss of 18519 to your buys. A close below 18519 it'll turn weak again & fall down to 18358-18326 & thereafter to 18223, which is a major support. A close below 18223 it'll turn total weak & crash down heavily.
NIFTY:As last week it was predicted that 5500 are a good support and any decline to buying opportunity in the market, resulted strong bounce back were saw on Friday trading and finally made a high 5652 and closed at weekly high near 52 points from the last week. Overall trend is bullish as long as hold 5400 mark. We advise to all readers to dip to buying strategy should be follow looking to good quality socks. Development in Europe, likely rating agency actions, Reserve Bank of India policy at 26th July and domestic earnings there are too many things, it is all a wait and watch.
FIIs bet buyers on Friday. Volumes in cash market and derivative segment were spurt on Friday, open interest around Rs. 1,50,000 crores is not high. Expiry of July contracts as well as the RBI policy statement due next week is likely to keep market participants on tenterhooks. On the other hand some big corporate result like Reliance, NTPC, Sterile, Bhel, HCL Tech, Can Bank, Tata Steel will dictate the sentiments of the market.
In this week consider trend decider 5604 - above it will test 5700-5718-5730, which is placed nearly 200 DMA. Successfully crossover will test 5858-5900-5930, down side support 5530-5500 in near term. Smart traders can play long with stop loss 5600 . Buy on decline strategy follow.
TODAY: At the end of the week Nifty open positively and it was showing very good strength on positive side close positively. Now We may consider resistance 5650-5718 and support 5550-5521. Magic No. 5526.
BSE : Direction of the last week with one step forward and one step backward kind of movement in the Index. After lackluster trading on a week, but Friday smart pull back was seen resulted a smart gain and closed above 18700 level.
On the other hand lackluster earning announced by some companies and RBI monetary policy of 26th July made stock prices edge sideways. In the last two-week sensex is moving a very narrow range between 18400 to 18800, which is near to 50 DMA 18350, and 200 DMA 19046. Break out this range decisively will move either side up to 19200 thereafter strong move can not be ruled out, on the flip side lower level support range 17400 and in case breached to confirm, down ward started. In this week we may consider support 18000 and break this level with volume may test 117750-17400, higher level resistance 18800, successfully will test 1900-19200 in near term.
Today: At the end of the week BSE SENSEX open positively and it was showing strong recovery on positive side in the market and close positively. Now we may consider resistance 18537-18653-18788-18965 and support is 18415-18326. Magic No.18415.
