INTRADAY NIFTY STOCK : Last week it was made a high 5563 and hold the strong support level 5400. Over all market are trading range between 5400 to 5600. Down side decisively break 5400 will invite correction in the market and subsequent targets for the Index likely 5313-5230-5150 and lower level. On higher side Key Resistance is 50 DMA 5600 and 200 DMA 5670 is intact and any fresh up move above that if successfully crossover and stay few days with volume.
Over all trend is continue bearish mode and medium term downtrend. Index are trading continue below 50 DMA and 200 DMA. As long as Index trading below 18750, down ward bias continue and first target 17950 which is a key support of trend line and decisively break and closing basis will invite good correction in the market and the possibility of a decline up to 17250, thereafter 1000 point more down side likely. Strong move only above 18750 will mitigate this negative view and will test 19500-19700 or even higher.
CNX BANK INTRADAY NIFTY
Bank Nifty continues in trading range......Between 10500 to 11250 and any break out this range will one side move....
Down side below 10500, likely test 10100-10000 range, while the resistance 11200-11250 continue and close above with volume may one side spurt will test 13000 mark easily. On 17th March, RBI announce a Interest Rate regim so keep a close eye in coming days.
TODAY: Down side major support 10700, weakness only below that level, till then dip to buy side, higher level resistance 11100-11200, thereafter over all buying in the Banking Sector.
Intraday Nifty Stock Market Future
Closed at : 5529.
Today Support 5411-5400
Higher level resistance - 5570
Think to buy only above that level.
Now support 1025-1030 range
Higher level resistance 1050-1060, thereafter
One side move...
Looks very hot....
And likely follower of Reliance Capital
Excellent News ahead...
Decline to play long side..
Above 105 it will show real power....
Above 2600 No problem for bulls.
Key Resistance 2670.
Think to buy only above that level,
Otherwise...reversal to sell side.
DLF + IBREAL + HDIL
All are looks good
Play with levels only.....
With tight stop loss in either side.
We are bullish above 980
And our target 1050......
Lower level crucial support 1268
As hold this level, buy side...
Higher level resistance 1352 watch out
If reversal to play side....