Indian Intraday Stock Market NSE index hit a record high on Friday as blue chips such as Reliance Industries rose on optimism that Prime Minister Mr. Narendra Modi will deliver a fiscally prudent budget next week. The Bombay Stock Exchange Sensex closes at 25963 were up by 139 points or rose by 0.54 percent. Nse Nifty Closes at 7752 were up by 37 points or gained by 0.48 percent BSE Midcap index gained by 0.58 percent whereas the Smallcap index rose by 0.85percent in friday intraday trade.
Sensex Major Resistance on Upside at 26072-26181-26289Â Â Â Â Â Â Â Â
Sensex Major Support on Downside at 25759-25555-25446
Trend Deciding Level at 25868
Nifty Index Major Resistance on Upside at 7828-7903-7978
Nifty Index Major Support on Downside at 7607-7461-7386
Trend Deciding Level at 7682
 Major Headlines
Siemens sold land parcel in Bangalore to Prestige City for Rs 345 cr
Sun Pharma recalls 200 vials of cancer drug Gemcitabine from US market
RBI says FIIs can now invest up to 74 percent in Bharti Airtel
Reliance Communication large trade: 21.1 lakh shares exchanged on NSE at Rs 143.25-143.35/sh
HDIL promoter releases pledge on 7 cr shares
Oil India completes 50% stake acquisition in PetroNeft's Russia Oil Block
 Nifty Indices
 Nifty Index opens at 7718 and closes at 7752, were up by 37 points. Nifty well again elegantly from the day's low and also took off the previous swing's high which is quite a positive sign departing frontward. At the moment the bare minimum target comes at 7835, which is also our short-range target. The crucial support now deceit at 7570 and till that is not broken the overall bias shall remain up for the short term. A fundamental support from the intra-day perspective is 7660. Consequently as long as the Nifty stay above that level traders should have a long only tactic. Commencing a medium-term perception is 7100 is a very decisive hold up as it is the second major sway support. Plow that is not kaput the medium-term partiality shall remain up. Lying on the upside, we modify our medium-term target to 8040, ie an egalitarianism target of the previous move. The impetus is relatively strong on the upside and that's what is reflected on the every day, weekly and monthly charts.
In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 7599 and 7408 respectively. The thrust indicator is trading in positive sort on the daily chart
In the hourly chart, the Nse Nifty is trading above the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 7718 and 7669 correspondingly, which are vital intra-day levels. The hourly impetus indicator encompass turned negative.
The market duration was turned positive with 862 advances and 661 declines, Unchanged 66 Total Issue 1589 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 7829-7868-7907
Nifty Future Major Support on Downside is at 7714-7638-7599
Trend Deciding Level at 7753
Bank Nifty Major Resistance on Upside at 15795-15917-16039
Bank Nifty Major Support on Downside at 15471-15269-15147
Trend Deciding Level is at 15593
5 Daily Moving Average @ 7687
50 Daily Moving Average @ 7298
200 Daily Moving Average @ 6502
5 Days Relative Strength Index @ 78 and 14 Days Relative Strength Index @ 68 INDICATES NIFTY PLACED IN BULLISH ZONE, WITH BULLISH MOMENT.
Intraday Tips
 Buy Nifty Fut Jul Intraday above 7800 sl 7775 Tgt 7820-7845 {Or} Sell Below 7750 sl 7775 Tgt 7730-7705
Buy Bank Nifty Fut Jul Intraday above 15715 sl 15665 Tgt 15765-15815 {Or} Sell Below 15615 sl 15665 Tgt 15565-15515
 Pick Of the Week
Buy Mothersumi Cash above 375 sl 350 Tgt 390-415
Conclusion: Short Term to Medium term trend of the stock is positive, as it trading above all it 10, 20, 50 and 200 DMA which is a positive signal. So, traders so traders can build long position at current levels or on every correction.
Buy Deepakfert Cash above 170.50 sl 153 Tgt 188-204
Conclusion Short Term to Medium term trend of the stock is positive, as it trading above all it 10, 20, 50 and 200 DM, on weekly charts stock has broken out of bullish triangle pattern which is a positive signal.
 Curious Fact
Wipro's owner Azim Premji's modest lifestyle is the stuff of legend! Premji has been using a Honda City for more than a decade. Recently, well wishers advised him that it was time for a upgrade. Premji did upgrade though in his own inimitable style, buying a secondhand Merc, that too, from one of his employees!
Article Source: http://www.charanwings.com/blog/post/Nifty-Finally-a-Positive-Weekly-Slam-and-Intraday-Tips
Sensex Major Resistance on Upside at 26072-26181-26289Â Â Â Â Â Â Â Â
Sensex Major Support on Downside at 25759-25555-25446
Trend Deciding Level at 25868
Nifty Index Major Resistance on Upside at 7828-7903-7978
Nifty Index Major Support on Downside at 7607-7461-7386
Trend Deciding Level at 7682
 Major Headlines
Siemens sold land parcel in Bangalore to Prestige City for Rs 345 cr
Sun Pharma recalls 200 vials of cancer drug Gemcitabine from US market
RBI says FIIs can now invest up to 74 percent in Bharti Airtel
Reliance Communication large trade: 21.1 lakh shares exchanged on NSE at Rs 143.25-143.35/sh
HDIL promoter releases pledge on 7 cr shares
Oil India completes 50% stake acquisition in PetroNeft's Russia Oil Block
 Nifty Indices
 Nifty Index opens at 7718 and closes at 7752, were up by 37 points. Nifty well again elegantly from the day's low and also took off the previous swing's high which is quite a positive sign departing frontward. At the moment the bare minimum target comes at 7835, which is also our short-range target. The crucial support now deceit at 7570 and till that is not broken the overall bias shall remain up for the short term. A fundamental support from the intra-day perspective is 7660. Consequently as long as the Nifty stay above that level traders should have a long only tactic. Commencing a medium-term perception is 7100 is a very decisive hold up as it is the second major sway support. Plow that is not kaput the medium-term partiality shall remain up. Lying on the upside, we modify our medium-term target to 8040, ie an egalitarianism target of the previous move. The impetus is relatively strong on the upside and that's what is reflected on the every day, weekly and monthly charts.
In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 7599 and 7408 respectively. The thrust indicator is trading in positive sort on the daily chart
In the hourly chart, the Nse Nifty is trading above the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 7718 and 7669 correspondingly, which are vital intra-day levels. The hourly impetus indicator encompass turned negative.
The market duration was turned positive with 862 advances and 661 declines, Unchanged 66 Total Issue 1589 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 7829-7868-7907
Nifty Future Major Support on Downside is at 7714-7638-7599
Trend Deciding Level at 7753
Bank Nifty Major Resistance on Upside at 15795-15917-16039
Bank Nifty Major Support on Downside at 15471-15269-15147
Trend Deciding Level is at 15593
5 Daily Moving Average @ 7687
50 Daily Moving Average @ 7298
200 Daily Moving Average @ 6502
5 Days Relative Strength Index @ 78 and 14 Days Relative Strength Index @ 68 INDICATES NIFTY PLACED IN BULLISH ZONE, WITH BULLISH MOMENT.
Intraday Tips
 Buy Nifty Fut Jul Intraday above 7800 sl 7775 Tgt 7820-7845 {Or} Sell Below 7750 sl 7775 Tgt 7730-7705
Buy Bank Nifty Fut Jul Intraday above 15715 sl 15665 Tgt 15765-15815 {Or} Sell Below 15615 sl 15665 Tgt 15565-15515
 Pick Of the Week
Buy Mothersumi Cash above 375 sl 350 Tgt 390-415
Conclusion: Short Term to Medium term trend of the stock is positive, as it trading above all it 10, 20, 50 and 200 DMA which is a positive signal. So, traders so traders can build long position at current levels or on every correction.
Buy Deepakfert Cash above 170.50 sl 153 Tgt 188-204
Conclusion Short Term to Medium term trend of the stock is positive, as it trading above all it 10, 20, 50 and 200 DM, on weekly charts stock has broken out of bullish triangle pattern which is a positive signal.
 Curious Fact
Wipro's owner Azim Premji's modest lifestyle is the stuff of legend! Premji has been using a Honda City for more than a decade. Recently, well wishers advised him that it was time for a upgrade. Premji did upgrade though in his own inimitable style, buying a secondhand Merc, that too, from one of his employees!
Article Source: http://www.charanwings.com/blog/post/Nifty-Finally-a-Positive-Weekly-Slam-and-Intraday-Tips
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