Nifty in Opposing Feel Again and Stock Trading Tips - PowerPoint PPT Presentation

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Nifty in Opposing Feel Again and Stock Trading Tips

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Indian stocks wrecked higher on Tuesday after Finance Minister yesterday announced a fiscal shortfall target of 4.1 percent of the Gross Domestic Product, and a gross market scrounge of 5.97 trillion rupees, below market expectations – PowerPoint PPT presentation

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Title: Nifty in Opposing Feel Again and Stock Trading Tips


1
Nifty in Opposing Feel Again and Stock Trading
Tips Indian stocks wrecked higher on Tuesday
after Finance Minister yesterday announced a
fiscal shortfall target of 4.1 percent of the
Gross Domestic Product, and a gross market
scrounge of 5.97 trillion rupees, below market
expectations. The Bombay Stock Exchange Sensex
closes at 20635 were up by 171 points or rose
0.83 percent. Bse Mid cap Index ending by 0.71
percent rose and the Bse Small Cap Index were
gained by 0.80 percent on today Day Intraday
Trade Closes. Sensex Major Resistance on Upside
at 20732-20828-20924 Sensex Major Support on
Downside at 20490-20344-20248 Trend Deciding
Level at 20586 Nifty Index Major Resistance on
Upside at 6164-6200-6236 Nifty Index Major
Support on Downside at 6069-6010-5974 Trend
Deciding Level at 6105 Major Headlines Vote on
Account 2014-15 High on intent, as
expected ABB zooms on strong 04, FY13 nos GS1lt
Pharma FY13 consolidated net profit down 14
(YoY) Bangladesh inks exploration deals with Oil
India, ONGC Force Motors promoter acquires 6.3
lakh shares on spot delivery basis on February
17, 2014 Kolte-Patil says signed 2 re-development
projects in Mumbai GMR Infra completes
divestment of GMR Ulundurpet Expressways Alstom
India gets project worth of 25 m from NTPC Indian
Indices The Nse Nifty Index closed in the
positive note today, were up by 53 points and
closes at 6127. In excess of the next couple of
days it is expected to trend is down till 6000.
In this period the key support will be at 6071
and resistance will be at 6150. In the daily
chart the index is trading around the
Twenty-Daily moving averages (DMA) and the
Forty-DMA, ie 6103 and 6136 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 6071 and 6071 correspondingly,
which are vital intra-day levels. The hourly
impetus indicator encompass turned positive. The
market duration was turned positive mode today
with 817 advances and 591 declines on the
National Stock Exchange. Nifty Future Major
Resistance on Upside at 6170-6201-6232 Nifty
Future Major Support on Downside is at
6095-6051-6020 Trend Deciding Level at 6126 Bank
Nifty Major Resistance on Upside at
10691-10809-10927 Bank Nifty Major Support on
Downside at 10384-10195-10077
2
Trend Deciding Level is at 10502 5 Daily Moving
Average _at_ 6066 50 Daily Moving Average _at_
6188 200 Daily Moving Average _at_ 5979 5 Days
Relative Strength Index _at_ 67 and 14 Days
Relative Strength Index _at_ 50 INDICATES NIFTY
PLACED IN TRADING ZONE, WITH BULLISH
MOMENT. Global Trends Gold Trading Around
1300-1321 US Dollar Index Trading Around
81-80.01 Nymex Crude Trading Around
100-101.24 DOW Future Trading Flat on Tuesday
Bullish Global Trend Seen Stock Trading Tips Buy
Nifty Fut January Intraday above 6160 sl 6135
Tgt 6180-6205 Or Sell Below 6110 sl 6135 Tgt
6090-6065 Buy Bank Nifty January Intraday above
10600 sl 10550 Tgt 10650-10700 Or Sell below
10500 sl 10550 Tgt 10450-10400
Amazing Sree Padmanabha Swamy Temple in
Trivandrum, Rerela, is the worlds richest
temple. The recent discovery of treasures worth
over Rupees one lakh crore in the secret vaults
of the temple that have remained unopened for
centuries, has stunned the world.
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