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.