Nifty Make Up For the Lost Time and Futures Trading Tips

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Nifty Make Up For the Lost Time and Futures
Trading Tips
Indian stocks fallen today to snap four
successive sessions of gains as blue-chips
including ICICI Bank were hit by profit-taking
after provincial markets were hit by a assessment
painting a grim picture of Chinas manufacturing
sector. The Bombay Stock Exchange Sensex closes
at 20537 were down by 187 points or fallen 0.90
percent. Bse Mid cap Index flat with negative
bias and the Bse Small Cap Index were declined by
0.16 percent on today Day Intraday Trade
Closes. Sensex Major Resistance on Upside at
20663-20788-20913 Sensex Major Support on
Downside at 20468-20398-20273 Trend Deciding
Level at 20593 Nifty Index Major Resistance on
Upside at 6136-6180-6223 Nifty Index Major
Support on Downside at 6066-6040-5996 Trend
Deciding Level at 6110 Major Headlines Jan net
additions for telecoms grow 26.1 (MoM) Metal
index drops on weak economic data in China Amansa
Holdings sells 13.3 lakh shares of Greaves
Cotton at Rs 60/share Elder Pharma appoints
Deloitte to restructure biz NTPC plans two more
power projects in Madhya Pradesh Diageo selects
TCS as strategic partner for Global IT
Infra Induslnd Bank block deal 12 lakh shares
exchanged on NSE at Rs 386.40/share Aurobindo
Pharma promoter releases pledge on 30 lakh
shares on February 14 Sadbhav Engg receives order
worth Rs 60.15 cr Havells Indias Haridwar unit
becomes operational Indian Indices The Nse Nifty
Index closed in the negative note today, were
down by 61 points and closes at 6091. In excess
of the next couple of days it is expected to
trend is down till 6050. In this period the key
support will be at 6020 and resistance will be at
6150. In the daily chart the index is trading
above the Twenty-Daily moving averages (DMA) and
the Forty-DMA, ie 6081 and 6134 correspondingly.
The momentum pointer is trading in positive
mode. In the hourly chart, the Nse Nifty is
trading above the Twenty-hourly moving average
(HMA) and the Forty-HMA, ie 6126 and 6096
correspondingly, which are vital intra-day
levels. The hourly impetus indicator encompass
turned negative. The market duration was turned
negative mode today with 579 advances and 819
declines on the National Stock Exchange.
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Nifty Future Major Resistance on Upside at
6131-6154-6177 Nifty Future Major Support on
Downside is at 6094-6080-6057 Trend Deciding
Level at 6117 Bank Nifty Major Resistance on
Upside at 10544-10637-10730 Bank Nifty Major
Support on Downside at 10394-10337-10244 Trend
Deciding Level is at 10487 5 Daily Moving Average
_at_ 6098 50 Daily Moving Average _at_ 6180 200 Daily
Moving Average _at_ 5980 5 Days Relative Strength
Index _at_ 50 and 14 Days Relative Strength Index _at_
47 INDICATES NIFTY PLACED IN TRADING ZONE,
WITH BULLISH MOMENT. Global Trends Gold Trading
Around 1300-1312 US Dollar Index Trading Around
81-80.32 Nymex Crude Trading Around
100-102.75 DOW Future Trading Flat 31 Points gain
on Thursday Neutral Global Trend Seen Futures
Trading Tips Buy Nifty Fut February Intraday
above 6135 sl 6110 Tgt 6155-6180 Or Sell Below
6085 sl 6110 Tgt 6065-6040 Buy Bank Nifty
February Intraday above 10500 sl 10450 Tgt
10550-10600 Or Sell below 10400 sl 10450 Tgt
10350-10300 Curious Fact
Takshasila in Ancient India is believed to the
oldest university in the world. It existed more
than 2700 years ago. Over 10,500 students from
all across the world came here for higher
studies..