Intraday Stock Trading

NIFTY -
Nifty has finally broken major resistance level of 200 DMA showing continuous upward movement, and till then hold... decline to buying opportunity
Now Today - consider support at 5315-5285 and major support at 5285
Crossover 5345 and stay with volume heading towards 5410-5420-5445
Closing above last resistance will move further...
Traders can buy on decline...on correction As long as hold support zone 5040-5050.
NIFTY FUTURE -
Closed at 5329
1. High put option, open interest seen at 5300-5200 indicating strong support.
2. High call option, open interest builds up at 5400-5500 indicating strong resist.
3. Nifty Future - Trading at discount 19-20 points compared to discount last week indicating positive bias.
4. Above 5300 looks hot and play for 5400-5420.
BSE INDEX -
As last week it was mentioned that once it breaks 17340, overall new up-trend and as a resulted, it made a high of 17620.
Now up-move to continue and next target of this up-move likely to be 18000-18136, thereafter more up-side
As long as hold, 16800-16840 decline to buy.