BANK NIFTY INTRADAY SUPPORT & RESISTANCE

Weekly Trends: Some recovery was seen last week from the low of 7750, and finally it made a high of 8465. Now in this week consider, Trend Decider will be 8169, as long as remains above it will face resistance at 8500-8550, and successfully breaching this level will move towards 8800 and above. However, cautious approach for higher-level again.

Intraday: At the end of the week, Bank Nifty opened positively, was unable to cross 8500, and was showing some volatility in the market. At the end it closed negatively. Now we may consider higher-level resistance at 8420-8500-8626 and support at 8240-8170-8000.

Nifty Intraday Target Tips

BSE Weekly: Last week, Sensex broke the important support level of 16000-15752, and finally made a low of 15425 before closing just below the 15500 mark. Now in this week, we may consider resistance at 16000-16100, downward bias to continue, and it will test 14837-15473; whereas some support cannot be ruled out. One Mantra - No buy please. Today: We may consider support at 15100-15000, break and trade below lower level to test 14800, higher-level resistance at 15350-15450, thereafter it will show strength.

BANK NIFTY Weekly: As mentioned in this column, the strong resistance of 8800-9000, and remaining below weakness to continue. Now we may consider strong support at 8100-8200, decisively break with volume another round of panic expected, higher-level resistance at 8500-8550. Today: We may consider resistance at 8000-8050, down as remains below weakness to continue, higher-level resistance at 8100-8150. Ultimate target of 6000+.

Free Bank Nifty Intraday Tips

BANK NIFTY

Weekly: As mentioned in this column, strong resistance of 8800-9000 and remain below weakness continue. Now we may consider strong support at 8100-8200, decisively break with volume, another round of panic expected. Higher level resistance at 8500-8550.

Today: Bank Nifty opened positively and was showing very volatile situation in the market with the effect of CRR POLICY. Its result is unchanged. It came in correction situation in the market, and at the end it closed negatively. Technically below 8838, we can see weakness around 7550. Now we may consider support at 8127-8000-7958 and resistance at 8300-8500-8626.

Best Stock Intraday Tips

1. NIFTY FUT BUY AT 4700 HIT TA 4780
2. BANK NIFTY BUY AT 8440 ZOOMED TO 8524 TA WAS 8550
3. SINTEX FUT SELL AT 83 CRASHED TO HIT FINAL TA 71
4. CIPLA FUT BUY AT 324 HIT ZOOMED TO 331.50 TA WAS 334
5. JUB FOOD FUT BUY AT 738 HIT REVISED  TA 780
6. HERO MOTOR FUT SELL OF 1990 BOOKED AT 1915
7. R CAP SELL OF 285 HIT TA 260
8. IDFC FUT BUY AT 104 ZOOMED TO 109 LEVELS TA WAS 110
9. COAL INDIA FUT BUY AT 201 ZOOMED TO HIT TA 310
10. RIL FUT BUY AT 738 HIT TA 756 A ROCKET CALL
11. TISCO FUT BUY AT 374 ZOOMED TO HIT TA 380
12. TITAN FUT BUY AT 158 HIT TA 165

Derivative Intraday calls

CIPLA View: Bullish C.M.P: 329.60: On daily chart the stock is taking support from its20-DMA. It closed with a bullish candle and increase in volume; momentum oscillators are neutral to positive.

SMC recommends investors to:
Buy Dec. Fut. Around: 331.00
Stop Loss: 328.00
Target: 337.00
Lot size: 1000

COLPAL View: Bullish C.M.P: 1033.85: On daily chart the stock is closed above its 20- DMA. It closed with a bullish candle and increase in volume; momentum oscillators are neutral to positive.

SMC recommends investors to:
Buy Dec. Fut. Around: 1035.00
Stop Loss: 1025.00
Target: 1055.00
Lot size: 250

SYNDIBANK View: Bearish C.M.P: 95.35: On daily chart the stock is showing weakness against the market. Momentum oscillators are neutral to negative.

SMC recommends investors to:
Sell Dec. Fut. Below: 94.00
Stop Loss: 96.00
Target: 90.00
Lot size: 2000

Free Tips For Today

RIL: (743) Sell on higher levels considering 748-752 solid resistance keeping stop loss of 764. Downward side 733 & 721 crucial supports to watch out for. Break below 721 it'll heavily fall down to 705.50 & 696.

SBI: (1787) 1819 a nearest resistance crossover above which it'll surge up to 1849-1854, sell on higher levels keeping stop loss of 1896. Downward side 1775 & 1748 crucial supports to watch out for. Break below 1748 it'll heavily fall down to 1714 & 1693.

PNB: (889) Sell on higher levels considering 907 & 915-922 solid resistances keeping stop loss of 937. Downward side 882 & 867 crucial supports to watch out for. Break below 867 it'll heavily fall down to 849 & 837.

CAN Bank: (414) Sell on higher levels considering 422.50 & 428 solid resistances keeping stop loss of 440. Downward side break below 410 it'll fall down to 395.
UNION Bank: (199) Sell on higher levels considering 207-209 & 211.50 solid resistances keeping stop loss of 215. Downward side it'll fall down to 191.50 & 186.

ORIENTAL Bank: (253) Sell considering 258.50 & 263-266 solid resistances keeping stop loss of 270. Downward side it'll fall down to 246 & 235.

ICICI Bank: (705) Crossover above 713 it'll surge up to 723, 727 & 732, sell on higher levels keeping stop loss of 744. Downward side 701 & 690 crucial supports. Break below 690 it'll heavily crash down to 677, 668 & 655.

AXIS Bank: (961) Sell considering 978 & 987-995 solid resistances keeping stop loss of 1008. Downward side 958 & 941 crucial supports to watch out for. Break below 941 it'll heavily crash down to 921 & 908.

DELTA CORP: (66) Sell considering 68-68.50 solid resistances keeping stop loss of 71. Downward side break below 63 it'll heavily crash down to 61.50, 57.50 & 51.

VIP: (96.50) 99.50 a nearest resistance crossover above which it'll surge up to 101, sell on higher levels keeping stop loss of 104.75. Downward side break below 92.25 it'll heavily crash down to 86.50 & 82.

JINDAL STEEL: (521) Crossover above 528 it'll surge up to 537, sell on higher levels keeping stop loss of 540. Downward side 513 & 498 crucial supports. Break below 498 it'll heavily fall down to 479.

Free Intraday Tips For Stock Market In India

PNB: (907) Sell considering 928 & 940-949 solid resistances keeping stop loss of 970. Downward side break below 899 it'll fall down to 887, 875-870 & 857 initially. A close below 857 it'll crash down to 845-835 & 805-794-784.

BOB: (689) Sell considering 700 & 707-712 solid resistances keeping stop loss of 728. Downward side it'll fall down to 667, 653 & 640 initially. A close below 640 it'll crash down to 620 & 598.

BOI: (299) Sell considering 307 a solid resistance keeping stop loss of 315. Downward side it'll fall down to 281 & 271 initially. A close below 271 it'll fall down further to 265 & 250.

CAN Bank: (405) Sell considering 412 a solid resistance keeping stop loss of 425. Downward side it'll fall down to 388 & 373.

HDFC Bank: (439) Sell considering 446 & 450 solid resistances keeping stop loss of 454. Downward side it'll fall down to 426, 411 & 387.

ICICI Bank: (820) Sell considering 828 & 835 solid resistances keeping stop loss of 854. Downward side it'll fall down to 810, 803, 795 & 782.

AXIS Bank: (1000) Break below 992 it'll fall down to 968 initially which is a most crucial support to watch out for. A close below 968 it'll heavily fall down further to 890-880 & 865. Upward side 1033 & 1075 solid resistances.

HDFC: (621) Sell considering 630.50 & 639 solid resistances keeping stop loss of 643. Downward side it'll fall down to 603, 588 & 563.

INTRADAY NIFTY: As mentioned in this column last week that below 5382 and 5000 major weakness in the Nifty and finally test a low 4720 on Friday trading. Market has currently entered in over sold region, however any rally will be of short-term and again higher level selling opportunity. In this week, we may consider resistance 4811-4865, downside support 4630-4528 watch out. Below 4500, another round of panic, which will take up to 3989-3800 mark sharply. Close above 5100-5250 will indicate index ready to sustainable recovery likely.

INTRADAY NIFTY FUTURE: Today: On Friday, we were bearish below 4900 and more bearish below 4800 and finally made a low 4720. Nifty Future already slipped from the high 5740 (8thJuly 2011) to low 4720 and almost wipe out more than 1000 points. So any more down side sharp recovery also.

Now we may consider resistance 4785-4800, decisively crossover and stay with volume more upside, down side support 4675 (8^th Feb 2010) are a very critical, if break this level with volume and stay 10 to 15 minutes nonstop target 4600+.

COAL INDIA

Long term good - but short term down ward bias

Sell on rise strategy...Close below 350- free fall up to...?

DLF

Below 180 - Strong bear favour...

JP ASSOCIATES

Below 58 target 50 +.

RELIANCE

Below 750 no long please,

Now resistance and your stop loss for short side...?

Down side target 700-650.

TISCO

Below 450 real bear favour.

Ultimate target 360-350

Whereas forgot about the market.

SBI

Close watch 1910 and decide

Your trading strategy.

ICICI BANK 

Below 833 bear favour

Free Intraday Market Tips

NIFTY: Last week it was made a high 5132 but due to global weakness major weakness were saw resulted it was made a low 4796 and finally made a close at 4845 with a close of more 300 points. As this week is a FO expiry so high volatility in the market continues. 

We may consider resistance/ pull back 4925-4950-5050 again a fresh selling pressure down side support is 4800, decisively break more downside up to 4730-4692-4538. As per Fibonacci projection it hold support level 4800, little bounce back, if unable to hold, down side target 4300 or below in coming days. Close above 5250 think to medium recovery.

Today: Intraday Nifty opens flat too negatively it was showing very volatile situation in the market and closes with recovery and positively. Now today consider resistance -4925-5010 successfully crossover only some up side, down side support is 4800 decisively break immediate target 4750-4730. Technically it is in channel line formation below 4781 can see more down side. Today Magic No. 4914.

BSE : Today: BSE SENSEX open positively and showing volatile situation with short covering in the market and effects close positively. Now we may consider resistance 16432-16683 and fresh move only above that level, down side support exit 16045-15987-15789 and stay with volume more downside. Today Magic No. 16386.

BANK NIFTY: Overall trend is extremely bearish but in over sold region and some bounce back cannot be ruled out. Last we were bearish below 10300 and finally it has made a low 9300. Now in this week consider resistance 9650-9700, decisively crossover it will some strength due to short covering and may test 9850-9990. Down side support 9300, thereafter weakness continues. Try to exit on rise. Two close below 9300 target 8410. Corrective rally will face resistance 10000.

Today: Bank Nifty Stock open positively and it showing volatile session in that market and close flat too positively. Because of flat closing there were no changes in support resistance. Now today consider support range 9234- break below only further weakness, higher level crossover 9480 immediate target 9600, thereafter it could be test up to 9900. Today magic no. 9490. And Crucial No. 9682

NIFTY STOCK FUTURE: Today: Strong reversal from the lower level and managed to hold double bottom nearly 4800- and bounce back were saw...and finally closed at 4914. 

On a technical front short-term bottom established and some more recovery on the card. As long as today hold 4880, bull move intact, but once decisively break with volume and stay 10 minutes and above, non stop target 4801...

On the higher side resistance 4931 watch out...and decide your trading strategy.

TATA MOTORS

Time being consider support 700-

Today crossover 745 and stay non-stop target

754-785 expected.

EDUCOM COMPUTER

From 400 to 208

So current level...no need to panic 100%

Any time sharp move..

BAJAJ AUTO

Triple bottom formation at 1400

Mark...Today buying around..

HDFC BANK

Will it today - break their support level

If so...time to sell...

But resistance continue.........465.

SBI

Consider short-term support yesterday low

2000 - fresh wave of selling below only

Higher-level resistance 2105 watch out.

ONGC

Positive bias for the last three trading sessions

But it must...cross...?

Thereafter power full move.

Rel Capital + Rel Infra

Both looks good - but keep a tight

Stop loss of any...

HINDALCO

Above 140 no problem for bulls.

Free Intraday Calls

Intraday Nifty August Future: (4931) Sell considering 4952 & 4987 nearest & 5006-5029 a solid resistance keeping stop loss of 5075. Downward side it'll fall down to 4898 initially. Break below 4898 huge further panic will drag it down further to 4863, 4831 & 4782. Break below 4782 sudden panic will drag it down to 4723 & 4677, cover shorts around 4677.

Bank Nifty Stock Market Future: (9557) It'll fall down further to 9519 initially which is a crucial support. Break below 9519 it'll heavily crash down to 9311-9282 & 9167-9081.

Upward side 9757 & 9849 solid resistance, keep stop loss of 9990 to your shorts.

ALLAHBAD Bank: (181) Sell considering 186 a solid resistance keeping stop loss of 188.50. Downward side it'll heavily fall down to 167 & 157.

PNB: (1007) Sell considering 1019 & 1030 solid resistance keeping stop loss of 1045. Downward side it'll crash down to 949 & 890.

AXIS Bank: (1108) 1098 a crucial support break below which it'll fall down further to 1047. Upward side 1152 & 1175 solid resistances.

ICICI Bank: (865) Sell considering 894-899 solid resistance keeping stop loss of 915. Downward side it'll fall down further to 830 & 782.

HDFC: (640) Sell considering 644 & 648 solid resistances keeping stop loss of 657. Downward side it'll fall down to 630, 620-615 & 606-598.

IFCI: (38) Sell considering 39 & 39.75 solid resistances keeping stop loss of 40.75. Downward side it'll fall down to 34.50 & 32.

SBI: (2070) It'll fall down further to 2058 & 2038 initially. Break below 2038 it'll heavily fall down further to 1959. Upward side 2136 & 2149 solid resistances.

WIPRO: (325) Sell considering 334 & 337 solid resistances keeping stop loss of 340. Downward side it'll fall down to 317 & 305.

MPHASIS: (360) Sell on higher levels or remain short considering 370 & 375 solid resistances keeping stop loss of 387. Downward side it'll fall down to 348 & thereafter to 305.

FINTECH: (697) Sell considering 707-710 solid resistance keeping stop loss of 720. Downward side it'll fall down to 656 & 606.

SESAGOA: (225) Sell considering 227.50 & 231 solid resistances keeping stop loss of 234.25. Downward side it'll fall down to 216 & 210.

PETRONET: (163) Sell considering 167 a solid resistance keeping stop loss of 172.50. Downward side it'll fall down to 158 & 154.50.

Best Intraday Trading Stocks

INTRADAY NIFTY STOCK MARKET : Last week it made an intraday low 5116 but managed to close above 5200 level. Volatility continues in the market as a bad news in the market. In this week major companies declaring their earnings like Tata Motors, LT, IOC, BPCL, Coal India and Mahindra and Mahindra. However, open interest extremely low, which is around Rs. 1,20,000 crores that indicates that there may be no danger of the fall exacerbating due to margin pressure, which is holding future and options.

In this week consider trend decider 5293 - above it will test 5230-5350-5372 thereafter again supply likely. Lower side down side support exit 5110, thereafter free fall mode up to 5000 and once close below more panic in the market up to 4785.

Today: With the effect of Global cues at the end of the week Intraday Nifty opens negatively -127 points down and after it goes more down side around 200 points. And now next Global cues indicate the market situation more down side in the market. Momentum in the short-term oscillators is weak and there is no indication for a turnaround or recovery in prices yet. 

Bank Nifty Stock Market Future: (10348) 10379 a nearest resistance crossover above which it'll surge up to 10443 & thereafter to 10518 & 10575-10589, sell on higher levels keeping stop loss of 10603. Downward side it'll fall down further to 10133, 10075 & 10016 initially. A close below 10016 it'll heavily crash down to 9931, 9792-9763, 9660 & 9521.
Upward side a close above 10603 it'll surge up further to 10742-10771, sell on higher levels keeping stop loss of 10789.

M&M: (655) Sell on higher levels considering 682-686 solid resistance keeping stop loss of 708. Downward side it'll fall down further to 630-617 initially which is a most crucial support to watch out for. A close below 617 it'll heavily crash down to 517.

RELIANCE: (792) Sell considering 806 & 815 solid resistances keeping stop loss of 831. Downward side it'll fall down to 776, 770 & 758 initially. A close below 758 it'll crash down to 744, 735-725 & 692.

REL CAP: (495) Sell considering 510 & 522 solid resistances keeping stop loss of 532. Downward side break below 481 it'll fall down to 469-457 initially. A close below 457 it'll heavily crash down to 442 & 420.

REL INFRA: (524) Sell considering 536 & 547 solid resistances keeping stop loss of 559. Downward side it'll fall down to 499 & 476.

BHEL: (1716) It'll fall down further to 1662 & 1630 initially. A close below 1630 it'll heavily crash down to 1599-1583 & 1509-1494. Upward side 1749 & 1787 solid resistances, keep stop loss of 1825 & go short on higher levels.

GE SHIP: (254) Sell on higher levels considering 259-261 solid resistance keeping stop loss of 267. Downward side it'll fall down to 230, 212 & 184.

TCS: (1056) Sell considering 1087 & 1112 solid resistances keeping stop loss of 1120. Downward side it'll fall down to 1022 initially. A close below 1022 it'll crash down to 966.

ICICI Bank: (966) Sell considering 987 & 1004 solid resistances keeping stop loss of 1032. Downward side it'll fall down to 918 & 867.

As the bad news from USA hence further fall, which could test 5110 seems possible. On the weekly chart it is in Triangle formation and below 5192 can see more down side situation and it tries to making the new lows may be possible we can maintain. Now we may consider the support level on down side it around 5116-5044-4970 and resistance around 5329-5368. Today Magic No. 5230 below bear favour and may test 5110, thereafter vertical fall likely

Tips For Intraday Trading In Indian Share Market

NIFTY: : Last week it was reversal from the 200 DMA 5730 and finally made a low of 5453. On the other hand disappointing earnings from the front line companies and US debt crisis seemed undecided about the market direction by FIIs. Derivative volume crossed Rs. 230000 crores in last few sessions indicate big move in either side in next week. The next focus mainly drama in US legislature at the 2^nd August deadline for hiking the $ 14.3 trillion debt ceiling draws close. 

There could be a relief rally if a resolution accepted by both houses before the deadline, if not accepted, so overall crash situation in worldwide likely. Weekly Magic No. 5603

Fibonaci Study: As per broad based Fibonacci projection study from the low in 2004 and the significant high and low of 2008 calculate , which reveal next target of 7317 which is a 61.8%

In this week consider trend decider 5551 - above it will test 5630, thereafter heading towards 5700-5730, which is near to 200 DMA level. Down side consider support 5440- 5404 5380, thereafter overall selling in the market and lower level test 5000-4785

TODAY: Because of global effect Intraday Nifty open positively and it was showing some volatile situation and close positively. Now we may consider resistance -5550- 5560 and support 5480-5450. Today Magic No. 5480

BSE : After RBI policy, big down side were saw resulted week to week The short term trend turned negative last week with Sensex moving below 50 as well the 20 DMA. 

The weekly oscillators also decline into negative zone last week In this week, we may consider a strong support 18000, in that even the decline can further extended up to 17500-17314. However, at lower level buying emerges cannot be ruled out. On the positive side, it will face resistance 18350-18500 then 18850. Failure to cross 18350-18400 will be an indication of an impending decline. Weekly Magic No. 18424.

Today: BSE SENSEX open positively and it was showing some volatile session in the market and close flat too negatively. Now we may consider resistance18440-18578 and support is 18166-18012. Magic No. 18200.

 

BANK NIFTY STOCK MARKET :  Last week due to RBI credit policy major jerk were saw in Banking Index resulted made a low of 10763 from the high 11435 and almost wipe out more than 750 points and finally closed at 10926. Now consider resistance 11000-11125 in near term, downside support 10850, decisively break with volume nonstop target 10500-10400 range. Magic No. of this week 11125.

GSPL

Looks very very hot...

We are bullish from the level of 90

And our target...?

(making another Petronet) .

RELIANCE

Last week we have recommend to sell below 900

And added more short once break 860

Overall trend is bearish...

Remain below 850-860 range,

Down side target 820-800 then 756 possible

Sell - Sell - Sell

Fibonacci Projection - 810- 751-725.

SUZLON LTD

Finally trading above 50-200 DMA

Indicate worst is over and buy side...

Last and final resistance 59- thereafter...?

RELIANCE CAPITAL

Below 565 real panic in this counter

Sell on rise...

BHARTI TELE

It will test...?

Before the result...(3^rd August)

Buy and hold for next two trading sessions...

TVS MOTORS

Excellent quarterly nos. and

Fresh long in FO

Your stop loss 49 - and buy..

Free Tips For Intraday

BSE : Today: BSE SENSEX open positively and it was showing volatile session in the market on positive side in the market and close positively. Now we may consider resistance 18965-19077 and support is 18635-18415-18326. Above 18900 follow up buying will take up to 19132-19225,19625 in coming days. Magic No.18950.

BANK NIFTY STOCK MARKET : Today: Bank Nifty open flatly and It was showing some volatile session but showing some strength on positive side. Today support is 11200-11100 mark, higher level resistance 11479-11587 watch out. Magic No. 12228.

CNX IT : Today: CNX IT open positively and it was showing good strength and finally cross the 6400 level and close positively. Now we can see some more positivity above 6483it can touch the 6574 level. Now that we may consider support of 6731-6300 and resistance we can see around firstly 6484-6500-6574.

INTRADAY NIFTY FUTURE : Now watch major resistance 5721-5730 - Successfully crossover will move further and may test...

If unable to cross yesterday high and trade below 5665, down side target 5505, thereafter... Crossover yesterday high - decent move.

BHARTI TELE

We are bullish above 390 and more added

On Friday once it close above 400 mark

10% move in one session

Today magic no. Watch 439...

If not cross first 10 minutes and sustained

Below some profit booking likely.

HCL TECH

Above 510 - Big move expected

Just take a few risk and play for long side .

YES BANK

Looks hot and buy...

Consider support 325-326 range

Unexpected move in coming days.