Nifty Charming Streak Continues and Options Trading Tips - PowerPoint PPT Presentation

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Nifty Charming Streak Continues and Options Trading Tips

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Indian Stock markets ended flat with positive bias accompanied by range bound trade on Monday lead by bank and capital goods stocks. The Bombay Stock Exchange Sensex closes at 21935 were up by 15 points or rose 0.07 percent Indian Stock markets ended flat with positive bias accompanied by range bound trade on Monday lead by bank and capital goods stocks. The Bombay Stock Exchange Sensex closes at 21935 were up by 15 points or rose 0.07 percent Indian Stock markets ended flat with positive bias accompanied by range bound trade on Monday lead by bank and capital goods stocks. The Bombay Stock Exchange Sensex closes at 21935 were up by 15 points or rose 0.07 percent – PowerPoint PPT presentation

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Title: Nifty Charming Streak Continues and Options Trading Tips


1
Nifty Charming Streak Continues and Options
Trading Tips
Indian Stock markets ended flat with
positive bias accompanied by range bound
trade on Monday lead by bank and capital
goods stocks. The Bombay Stock Exchange Sensex
closes at 21935 were up by 15 points or rose
0.07 percent. SP BSE Mid-cap up 0.44
percent and SP BSE Small-cap rose 0.77 percent
on closes of Intraday Trade. Sensex Major
Resistance on Upside at 22032-22128-22224 Sensex
Major Support on Downside at 21830-21724-21628
Trend Deciding Level at 21926 Nifty Index Major
Resistance on Upside at 6651-6764-6876 Nifty
Index Major Support on Downside at 6337-6136-6023
Trend Deciding Level at 6450 Major Headlines Gas
price to be hiked from April 1 SPM1.. Infra hits
10 upper circuit Domestic car sales rise 1.4
in February Vascon Engineers soared almost 20
percent intraday as it has bagged two projects
worth Rs 245 crore Hotel I.eela rose over 7
percent as reports suggest private equity
investor KKR may lend about Rs 2000 crore to the
company Dishman Pharma jumped 3 as it is
planning to sell off its Gujarat land to reduce
debt. The drug company is in talks to sell its
175 hectares of land in Gujarat to Nirma for
about Rs 650 crore Indian Indices The Nse Nifty
Index closed in the positive note today, were up
by 10 points and closes at 6537. In excess of the
next couple of days it is expected to trend is
up till 6600. In this period the key support will
be at 6472 and resistance will be at 6600. The
Nifty has been forming higher tops and higher
bottoms it has also closed above the previous
swings high which is a positive sign for the
market In the daily chart the index is trading
above the Twenty-Daily moving averages (DMA) and
the Forty-DMA, ie 6203 and 6215 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 6472 and 6405
correspondingly, which are vital intra-day
levels. The hourly impetus indicator encompass
turned negative. The market duration was turned
positive mode today with 802 advances and 667
declines on the National Stock Exchange. Nifty
Future Major Resistance on Upside at
6600-6636-6670 Nifty Future Major Support on
Downside is at 6526-6486-6451 Trend Deciding
Level at 6561
2
Bank Nifty Major Resistance on Upside at
12296-12436-12576 Bank Nifty Major Support on
Downside at 11919-11682-11542 Trend Deciding
Level is at 12059 5 Daily Moving Average _at_
6418 50 Daily Moving Average _at_ 6198 200 Daily
Moving Average _at_ 5990 5 Days Relative Strength
Index _at_ 90 and 14 Days Relative Strength Index _at_
75 INDICATES NIFTY PLACED IN EXTREME BULLISH
ZONE, WITH BULLISH MOMENT. Global Trends Gold
Trading Around 1350-1342 US Dollar Index Trading
Around 80-79.91 Nymex Crude Trading Above
100-101.31 DOW Future Trading with 79 points loss
on Monday Intraday Trade Mild Bearish Global
Trend Seen Options Trading Tips Buy Nifty Fut
March Intraday above 6580 sl 6555 Tgt 6600-6625
Or Sell Below 6530 sl 6555 Tgt 6510-6485 Buy
Bank Nifty March Intraday above 12200 sl 12150
Tgt 12250-12300 Or Sell below 12100 sl 12150
Tgt 12050-12000 Buy Nifty 6400 Put Option above
36.8 sl 33.11 Tgt 42.8-49.13 Curious
Fact Indians drink a lot of coffee around 125
tonnes in 2013, according to the Coffee Board of
India.
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