Monday, April 18, 2011

Commodities Intraday Tips

Intraday Nifty Stock : After the sharp move, last trading days some selling pressure was saw due to bad resulted by Infosys and resulted Nifty was slipped below5850. We may consider in medium term support 5750-5700 range and resistance 5950.. Successfully crossover will test 6100-6250, whereas the break and close below invite correction in the market and easily test 5550 mark. In this week consider resistance 5922-5960-6000, down side support 5716-5650-5600-5680. Break out of trading range will determine the further action. 

TODAY : Yesterday Nifty open flat too negative. And it can't able to crossing the last day previous day closing level. it can give sharp move on down side and tested the 5807 level but close above 5811 level this the 2nd support level of nifty. Today consider support 5801-5791....Hold 5824 ....-5839... bull favour

BSE : Last week as mentioned this column that Index will face resistance 19650-19850 and unable to cross and some profit taking were saw. On the lower side support is 19200-19040 (200 DMA) if sensex manage to hold the support level , will test 19850 thereafter 20340-21000-21300 in near term. Short term view will be negative if sensex continue close below 19000 level.

TODAY : Due to bad result of Infosys, over all selling pressure resulted Index Unable to hold higher level. Now today support 19337.-19301 , further weakness only below that level, higher level resistance 19408 and 19458, thereafter non stop target 19566-19682.

CNX BANK NIFTY STOCK : As the last week it was trading range between 11500 to 11900 and still hold, and continue hold 50 and 200 DMA indicate bullish sign. Break out of this range will fire work in the Bank Nifty and Bank Stocks. We advise to dip or panic to buying opportunity, rather than sell on rise strategy.

TODAY : Bank Nifty opens negatively but on first half it was showing some strength on positive side. But after 2nd half it was come in corrective mode and it corrected by 0.88%. Now the important level to watch out for intra working resistance 11838-11944. And support is 11740-11700, below short term weakness, managed to hold may test 11837-11901-11981.

Intraday Nifty Stock Future
Closed: 5825
Now what to do.....
Today support 5825-5811... if not break and stay above 10 to 20 minutes, it will face resistance 5854 thereafter over all buying in the market. 

Lower level support is 5806-5791.. break and trade below.....
Downside target 5750-5730.. Lower level to buy side.

On decline / panic to buy this stock
Downside support 180-181 range...
Crossover 191 stay with volume.....?

Trend is bullish and big buying were saw
By the funds....Now consider support 95 level
To buy side........for target 100-105 range 

Looks very hot....
Above 2200 no problem for bulls.....

Consider resistance 2850.....
And sell side...........Major Resistance 2889

Strong support 1175-1185 range
If not break this level........
See what happened in this counter.

Today result day.......
Now support is 278-275
Crossover..........?... over all buying in the market.

Below 170 time to sell
Above 175 time to buy..... 

Watch two days trading pattern
Of this stock and decide your
Trading strategy.....

Up move continue....
As hold 1700 mark

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