As far as, extreme short term charts are concerned, Nifty has support of 4895 & bearish breakout from these levels is capable of taking Nifty down to 4650 & below in near future. On bullish side Nifty is yet to achieve the recovery targets of 5000 & 5190 which may be achieved in coming sessions. The technical setup does not favor any big down move before a proper technical recovery. However developments at global level particularly in Europe & US (including Libya also) can induce volatility & cause further decline in coming days.
Intraday Nifty : Today: As expected Nifty unable to hold 4950 and started down ward journey and made a support 4870. Consider resistance 4905-4910, successfully crossover it will move further up to 4950, down side support 4850-4844, thereafter overall weakness up to 4800. Today Magic No. 4882, real strength shows only above that level.
BSE : Today: Short term trend down side...Today crossover 16500-16550, it will show strength only, down side support exit 16253, thereafter selling pressure up to 16151-16000.
BSE index: (16285) It'll fall down further to 16218-16193 where buying support not ruled out. In worst scenario break below 16193 sudden panic will drag it down to 16081 & 15974.
Upward side 16382 & 16446 crucial resistances, keep stop loss of 16550 to your shorts. Crossover above 16550 it'll surge up correctively to 16674-16706 & thereafter to 16813, sell on higher levels keeping stop loss of 16845.
Nifty August Future: (4875) 4860 a crucial support break below which it'll fall down further to 4835, 4808 & 4772 initially, consider 4772 a most crucial support where buying support will be seen. Upward side 4920 & 4933 crucial resistances. Crossover above 4933 it'll turn positive & surge up to 4990-5020 & thereafter to 5056, sell on higher levels keeping stop loss of 5087.
Bank Nifty August Future: (9300) 9234 a crucial support break below which it'll fall down heavily to 9094, 9009-8982 & 8870. Upward side 9400-9425 & 9476 solid resistances, keep stop loss of 9568 to your shorts.
Crossover above 9568 it'll surge up correctively to 9750 & 9855.
SBI: (1992) Sell considering 2021 & 2038 solid resistances keeping stop loss of 2051. Downward side it'll fall down further to 1963 initially. Break below 1963 it'll fall down further to 1944, 1925 & 1905-1889.
PNB: (976) Sell considering 995 a solid resistances keeping stop loss of 1005. Downward side it'll fall down to 961 initially. Break below 961 it'll heavily fall down further to 954, 942 & 923.
OBC: (302) Sell keeping stop loss of 307.50. Downward side it'll fall down to 292 initially. Break below 292 it'll crash down to 289, 284 & 277.
ICICI Bank: (842) Break below 832 it'll heavily fall down to 819, 810 & 795. Upward side 852 & 860 solid resistances.
AXIS Bank: (1049) Sell considering 1077-1083 solid resistances keeping stop loss of 1114. Downward side it'll fall down to 1019 initially. Break below 1019 it'll heavily crash down to 1000 & 968.
YES Bank: (277) Sell considering 281 a solid resistance keeping stop loss of 285. Downward side it'll fall down to 268 initially. Break below 268 it'll crash down to 261.
TISCO: (456) It'll fall down further to 452-450 initially which is a crucial support area where buying support not ruled out. Break below 450 it'll crash down to 443. Upward side 461 & 465 solid resistances, keep stop loss of 471.50 to your shorts.
TATA MOTORS: (701) 695 a nearest support break below which it'll fall down further to 683 initially where buying support not ruled out. In worst scenario break below 683 it'll crash down to 663. Upward side 715 & 725 solid resistances.
DISH TV: (77.65) Sell considering 79.50-80.50 solid resistances keeping stop loss of 82.25. Downward side it'll fall down to 74.25 initially which is a crucial support. Break below 74.25 it'll crash down to 72.25 & 68.
INFOSYS: (2250) Crossover above 2280 it'll surge up correctively to 2311 & 2329 where selling will be seen. In any better scenario crossover above 2329 it'll surge up further to 2374. Downward side 2231 & 2223 crucial supports. Break below 2223 it'll turn weak & fall down to 2200 & 2182.
BANK NIFTY: Today: Bank Nifty as expected it was face resistance 9500 and finally broken their support level 9300 and made a low 9275 and closed below support level. On a technical side higher-level resistance 9500-9600, down side break 9275, further weakness up to 9200 likely. Today magic no. 9265
NIFTY FUTURE: Today: Resistance 4915-4932, crossover it will show strength, down side support exit 4850; thereafter nonstop target 4800.
Also if you want to get more about stock market daily report then contact commoditytipsexpert 's technical analytics .
Intraday Nifty : Today: As expected Nifty unable to hold 4950 and started down ward journey and made a support 4870. Consider resistance 4905-4910, successfully crossover it will move further up to 4950, down side support 4850-4844, thereafter overall weakness up to 4800. Today Magic No. 4882, real strength shows only above that level.
BSE : Today: Short term trend down side...Today crossover 16500-16550, it will show strength only, down side support exit 16253, thereafter selling pressure up to 16151-16000.
BSE index: (16285) It'll fall down further to 16218-16193 where buying support not ruled out. In worst scenario break below 16193 sudden panic will drag it down to 16081 & 15974.
Upward side 16382 & 16446 crucial resistances, keep stop loss of 16550 to your shorts. Crossover above 16550 it'll surge up correctively to 16674-16706 & thereafter to 16813, sell on higher levels keeping stop loss of 16845.
Nifty August Future: (4875) 4860 a crucial support break below which it'll fall down further to 4835, 4808 & 4772 initially, consider 4772 a most crucial support where buying support will be seen. Upward side 4920 & 4933 crucial resistances. Crossover above 4933 it'll turn positive & surge up to 4990-5020 & thereafter to 5056, sell on higher levels keeping stop loss of 5087.
Bank Nifty August Future: (9300) 9234 a crucial support break below which it'll fall down heavily to 9094, 9009-8982 & 8870. Upward side 9400-9425 & 9476 solid resistances, keep stop loss of 9568 to your shorts.
Crossover above 9568 it'll surge up correctively to 9750 & 9855.
SBI: (1992) Sell considering 2021 & 2038 solid resistances keeping stop loss of 2051. Downward side it'll fall down further to 1963 initially. Break below 1963 it'll fall down further to 1944, 1925 & 1905-1889.
PNB: (976) Sell considering 995 a solid resistances keeping stop loss of 1005. Downward side it'll fall down to 961 initially. Break below 961 it'll heavily fall down further to 954, 942 & 923.
OBC: (302) Sell keeping stop loss of 307.50. Downward side it'll fall down to 292 initially. Break below 292 it'll crash down to 289, 284 & 277.
ICICI Bank: (842) Break below 832 it'll heavily fall down to 819, 810 & 795. Upward side 852 & 860 solid resistances.
AXIS Bank: (1049) Sell considering 1077-1083 solid resistances keeping stop loss of 1114. Downward side it'll fall down to 1019 initially. Break below 1019 it'll heavily crash down to 1000 & 968.
YES Bank: (277) Sell considering 281 a solid resistance keeping stop loss of 285. Downward side it'll fall down to 268 initially. Break below 268 it'll crash down to 261.
TISCO: (456) It'll fall down further to 452-450 initially which is a crucial support area where buying support not ruled out. Break below 450 it'll crash down to 443. Upward side 461 & 465 solid resistances, keep stop loss of 471.50 to your shorts.
TATA MOTORS: (701) 695 a nearest support break below which it'll fall down further to 683 initially where buying support not ruled out. In worst scenario break below 683 it'll crash down to 663. Upward side 715 & 725 solid resistances.
DISH TV: (77.65) Sell considering 79.50-80.50 solid resistances keeping stop loss of 82.25. Downward side it'll fall down to 74.25 initially which is a crucial support. Break below 74.25 it'll crash down to 72.25 & 68.
INFOSYS: (2250) Crossover above 2280 it'll surge up correctively to 2311 & 2329 where selling will be seen. In any better scenario crossover above 2329 it'll surge up further to 2374. Downward side 2231 & 2223 crucial supports. Break below 2223 it'll turn weak & fall down to 2200 & 2182.
BANK NIFTY: Today: Bank Nifty as expected it was face resistance 9500 and finally broken their support level 9300 and made a low 9275 and closed below support level. On a technical side higher-level resistance 9500-9600, down side break 9275, further weakness up to 9200 likely. Today magic no. 9265
NIFTY FUTURE: Today: Resistance 4915-4932, crossover it will show strength, down side support exit 4850; thereafter nonstop target 4800.
Also if you want to get more about stock market daily report then contact commoditytipsexpert 's technical analytics .
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