Sureshot Intraday Tips
Intraday Nifty Future : Last week strong volatility was seen resulted it was made a high 5204 and finally made a low 5053 and closed at 5072, which indicate trend is bearish. We continue to remain bullish on the Domestic Auto, FMCG healthcare space. The price correction is over to the extent of 80% generally in the market but time correction is still to go. The chances of a pause on the monetary front has increased substantially given the global problem, though, RBI still has inflation as its focus at the moment.
Food inflation again proved to be a dampener. IIP came in at higher than expected on account of skewers in the capital goods data otherwise slow down is quite apparent. Markets are behaving on sentiments. That domestic institutions have shown good support during the panic times makes us believe that investors can start nibbling from here.
Short-term trend is continue down ward bias as trading below 50-200 DMA and lower level target 5000-4950-4885 -4865 in near term. On the higher side or any recovery it will face resistance 5200-5250 range. Traders are initiate fresh long positions only if the index closes above 5250 for target 5325-5410-5500.
Today: At the end of the week Intraday Nifty open positively and it take the 5100 support level in the morning but after breaking the support level it comes in weak side and at the end it almost touch the 5000 level and close negatively. Actual movement we can see above 5205-5230 above, which is not able to cross. Now today consider resistance 5084-5116-5143 successfully crossover only some up side, down side support is 4946-4900.
NIFTY STOCK FUTURE
Nifty Future Closing : 5027
Watch carefully today's nifty magical figure... 5030
Buy Nifty Future above magical figure for upside
First target... 5056 and above it
Second target... 5083
and crosses over both it will come... 5111
Sell Nifty Future, if Nifty is running below magical figure then your downside
First target... 4989
Second target... 4950
Third target... 4915
Buy Nifty Future above magical figure for upside
First target... 5056 and above it
Second target... 5083
and crosses over both it will come... 5111
Sell Nifty Future, if Nifty is running below magical figure then your downside
First target... 4989
Second target... 4950
Third target... 4915
SENSEX
(Closing -16730)
Today's Sensex magical figure... 16740
Above magical figure upside targets ,
First target ... 16817
Second target...16900
Third target ... 16983
Sensex Running Below Magical Figure,
First target .... 16616
Second Target ... 16500
Third target ...16392
Today's Sensex magical figure... 16740
Above magical figure upside targets ,
First target ... 16817
Second target...16900
Third target ... 16983
Sensex Running Below Magical Figure,
First target .... 16616
Second Target ... 16500
Third target ...16392
BANK NIFTY FUTURE
(Closing - 10055)
Today's magical figure...10080
Today's magical figure...10080
Buy it above magical figure upside
First target ... 10186
Second target ... 10251
Third target... 10315
First target ... 10186
Second target ... 10251
Third target... 10315
Sell it if running below Magical figure for downside:
First target ...10000
Second target...9940
Third target ... 9880
First target ...10000
Second target...9940
Third target ... 9880
TATA POWER FUTURE
(Closing - 1083)
Today's magical figure... 1086
Buy it above magical figure upside targets
First target ... 1103
Second target ... 1120
Third target ... 1135
Sell it running below Magical figure for downside:
First arget ... 1072
Second target ...1057
Third target ... 1042
Buy it above magical figure upside targets
First target ... 1103
Second target ... 1120
Third target ... 1135
Sell it running below Magical figure for downside:
First arget ... 1072
Second target ...1057
Third target ... 1042
TCS FUTURE
(Closing - 971)
Today's magical figure... 976
Buy it above magical figure upside targets
First target ... 992
Second target ... 1007
Today's magical figure... 976
Buy it above magical figure upside targets
First target ... 992
Second target ... 1007
Third target ... 1020
Sell it running below Magical figure for downside:
First arget ... 955
Second target ...942
Third target ... 928
Sell it running below Magical figure for downside:
First arget ... 955
Second target ...942
Third target ... 928