Nifty at 6200, Hurdle at 6216 and Options Trading Tips

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Nifty at 6200, Hurdle at 6216 and Options
Trading Tips
Indian stocks gained for a third without
stopping session on Tuesday to their highest
closing in a month as software stocks as
well as Infosys rose on continued
sanguinity about U.S. business outlook while
foreign investor buying also helped
attitude. The Bombay Stock Exchange Sensex
closes at 20853 were up by 41 points or
rose 0.20 percent. Bse Mid cap index rise
by 0.32 percent and the Bse Small Cap
Index were gained by 0.09 percent on today
Day Intraday Trade Closes. Sensex Major
Resistance on Upside at 20916-20979-21041 Sensex
Major Support on Downside at 20785-20717-20654
Trend Deciding Level at 20848 Nifty Index Major
Resistance on Upside at 6219-6238-6256 Nifty
Index Major Support on Downside at 6180-6160-6141
Trend Deciding Level at 6199 Major Headlines
Kinetic Engg hits 5 upper circuit on stake
sale Titan gains on hopes of fastest lbn
growth Gujarat Gas surges on merger plans Tata
Steel Europe gets pound 8 m research fund from UK
govt UtT Infra co gets Rs 2000 cr from Canada
Pension Plan Investment Board Bhushan Steel in
talks with SBI led consortium for Rs 7000 cr
loan Idea Cellular First State Investment Mgmt
buys additional 59.7 lakh shares in company on
Feb 21 Federal Bank says CCEA approves foreign
equity limit of 74 in bank Mahindra CIE Auto
block deal 22 lakh shares (2.4 equity)
exchanged on NSE at Rs 67.50/share JSW Steel says
to hike steel prices by Rs 500-750 per tonne
effective March 1 Tata Power arm completes 39.2
MW Windfarm acquisitions in Gujarat Indian
Indices The Nse Nifty Index closed in the
positive note today, were up by 13 points and
closes at 6200. In excess of the next couple of
days it is expected to trend is down till 6149.
In this period the key support will be at 6149
and resistance will be at 6216. In the daily
chart the index is trading above the Twenty-Daily
moving averages (DMA) and the Forty-DMA, ie 6081
and 6141 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 6171
and 6149 correspondingly, which are vital
intra-day levels. The
2
hourly impetus indicator encompass turned
positive. The market duration was turned
positive mode today with 660 advances and 749
declines on the National Stock Exchange. Nifty
Future Major Resistance on Upside at
6229-6249-6269 Nifty Future Major Support on
Downside is at 6184-6159-6139 Trend Deciding
Level at 6204 Bank Nifty Major Resistance on
Upside at 10910-11145-11380 Bank Nifty Major
Support on Downside at 10530-10385-10150 Trend
Deciding Level is at 10765
5 Daily Moving Average _at_ 6157 50 Daily Moving
Average _at_ 6180 200 Daily Moving Average _at_
5981 5 Days Relative Strength Index _at_ 71 and 14
Days Relative Strength Index _at_ 57 INDICATES
NIFTY PLACED IN TRADING ZONE, WITH BULLISH
MOMENT. Global Trends Gold Trading Around
1300-1337 US Dollar Index Trading Above 81-80.09
Nymex Crude Trading Above 100-101.50 DOW Future
Trading Flat 37 Points loss on Tuesday Neutral
Global Trend Seen Options Trading Tips Buy Nifty
Fut February Intraday above 6225 sl 6200 Tgt
66245-6270 Or Sell Below 6175 si 6200 Tgt
6155-6130 Buy Bank Nifty February Intraday above
10720 sl 10670 Tgt 10770-10820 Or Sell below
10620 sl 10670 Tgt 10570-10520 Curious Fact
The Oldest city in the world is believed to be
Varanasi, a city on the banks of the River
Ganges. It is one of the oldest continuously
inhabited cities in the world.