Intraday Stock Trading

NIFTY STOCK MARKET : Last week it was reversal from the 200 DMA 5730 and finally made a low of 5453. On the other hand disappointing earnings from the front line companies and US debt crisis seemed undecided about the market direction by FIIs. Derivative volume crossed Rs. 230000 crores in last few sessions indicate big move in either side in next week. 

The next focus mainly drama in US legislature at the 2^nd August deadline for hiking the $14.3 trillion debt ceiling draws close. There could be a relief rally if a resolution accepted by both houses before the deadline, if not accepted, so overall crash situation in worldwide likely. Weekly Magic No. 5603.

Fibonaci Study: As per broad based Fibonacci projection study from the low in 2004 and the significant high and low of 2008 calculate, which reveal next target of 7317 which is a 61.8%

BSE : After RBI policy, big down side seen resulted week-to-week, the short-term trend turned negative last week with sensex moving below 50 as well the 20 DMA. The weekly oscillators also decline into negative zone last week. In this week, we may consider a strong support 18000, in that even the decline can further extended up to 17500-17314. However, at lower level buying emerges cannot be ruled out. On the positive side, it will face resistance 18350-18500 then 18850. Failure to cross 18350-18400 will be an indication of an impending decline. Weekly Magic No. 18424.

Today: BSE SENSEX open negatively and it was showing some volatile session on down side in the market and close negatively. Now we may consider resistance18200-18320 and support is 18012-17781. Magic No. 18037 - Close below 18000 easily wipe out 300 points.

BANK NIFTY STOCK MARKET : Last week due to RBI credit policy major jerk were saw in Banking Index resulted made a low of 10763 from the high 11435 and almost wipe out more than 750 points and finally closed at 10926. Now consider resistance 11000-11125 in near term, downside support 10850, decisively break with volume nonstop target 10500-10400 range. Magic No. of this week 11125.

Today: Intraday Nifty open flat too negatively and It was showing volatile session in the market and close negatively. Today support is 10750-10635-10520 mark, higher level resistance 10800-10941-11000 watch out. Today Magic No. 10730.

CNX IT : Today: CNX IT open negatively and it was showing down side volatile situation and close negatively. It breaks the 6300 level and tries going the 2^nd support level. Now we may consider support of 6250-6222-6199 and resistance we can see around firstly 6325-6359-6400. Trading below 50 and 200 DMA.

We are in selling mode below 230.

Last and final support exit 205 - then 190.

Last week we have recommend to sell below 900

And added more short once break 860 -

Overall trend is bearish...

Below 85 time to sell side.

Time to book profit and re enter at lower level. 

980 to 1120

Sell at higher level

Sell at lower level also...

Watch support level 427-430

Decisively break only weakness.

Higher level resistance 444 - Strength above only. 

Below 307 u will see...?

Higher level resistance.

Close eye 678-680 and decide

Your trading strategy.

Time to sell ...

Below 1350 do not think to buy.

Below 100 selling opportunity.

NIFTY: TODAY: Nifty open flatly and it was showing very volatile session with correction situation after announcing the CRR POLICY and close negatively. It taking a support of 5550. Now we may consider resistance 5600-5630 and support 5550-5521-5500. Magic No. 5554.

BSE : Today: BSE SENSEX open positively and it was showing volatile session in the market because of credit policy and close negatively. Now we may consider resistance 18635-18850 and support is 18415-18326. Above 18900 follow up buying will take up to 19132-19225,19625 in coming days. Magic No.18462.

BANK NIFTY: Today: Bank Nifty open flatly and It was showing very volatile session because of unexpected CRR POLICY. And after it we can see the free fall down side situation in the market. Today support is 11100-11057-10941 mark, higher level resistance 11277-11353-11479 watch out. Magic No. 11045.

CNX IT : Today: CNX IT open positively and it was showing good strength and finally cross the 6400 level and close positively. Now we can see some more positivity above 6483it can touch the 6574 level. Now we may consider support of 6731-6300 and resistance we can see around firstly 6484-6500-6574. 

NIFTY STOCK MARKET FUTURE: Now watch support 5550-5535, hold this level, strong back likely and may test 5580 -5590, crossover it will further up move towards 5660-5662 likely. Down side major support 5490-5510 till then no problem for bulls.

INTRADAY NIFTY FUTURE

BSE index: (18502) 18469 a crucial support break below which it'll fall down further heavily to 18293 & 18223-18182. Consider 18223-18182 a crucial support where buying support will be seen. In any worst scenario break below 18182 it'll crash down to 18000.

Upward side 18587 a nearest & 18624-18674 a solid resistance up to which selling will be seen, keep stop loss of 18766 to your shorts.

Nifty July Future: (5570) Sell on higher levels considering 5602-5610 & 5626 solid resistances keeping stop loss of 5659. Downward side break below 5546 it'll fall down to 5489 & 5471 initially, consider 5471 a most crucial support.
In worst scenario break below 5471 it'll crash down to 5449 & 5385.

Bank Nifty July Future: (11172) Sell on higher levels considering 11221 & 11300-11325 solid resistances keeping stop loss of 11403.
Downward side it'll fall down to 11123, 11063 & 10965.

RANBAXY: (538) Sell considering 540 & 545-548 solid resistances keeping stop loss of 553. Downward side it'll fall down to 526, 517 & 503.

ORCHID CHEM: (238) Sell considering 242 & 246 solid resistances keeping stop loss of 251. Downward side it'll fall down to 232 & 226.

WIPRO: (399) Sell considering 407-410 a solid resistance keeping stop loss of 417. Downward side it'll fall down to 390 & 380.

M&M: (706) Break below 700 it'll heavily fall down to 690, 684 & 673. Upward side 710 & 714 solid resistances, keep stop loss of 720 to your shorts.

TATA MOTORS: (969) Remain short or sell on higher levels considering 980 & 987 solid resistances keeping stop loss of 996. Downward side it'll fall down to 960-957 initially. Break below 957 it'll crash down to 943.

UCO Bank: (88) Sell considering 88.50 & 89.50 solid resistances keeping stop loss of 90.75. Downward side it'll fall down to 85 & 83.25.

ICICI Bank: (1044) Break below 1038 it'll fall down to 1024-1020 initially. Break below 1020 it'll crash down to 997. Upward side 1055 & 1060 solid resistances, keep stop loss of 1069 to your shorts.

INDUSIND Bank: (276) Break below 275 it'll heavily fall down to 270, 266.50 & 261. Upward side 279 & 281 solid resistances.

ARVIND MILLS: (86.80) Crossover above 89.50 it'll spurt up to 92 & 96. Downward side 86 a crucial support, keep stop loss of 85 to your buys.

HAVELLS: (366) Sell considering 374 & 380 solid resistances keeping stop loss of 385. Downward side it'll fall down to 352 & 336.

RAYMOND: (400) Buy considering 397-395.50 solid support keeping stop loss of 393. Upward side it'll surge up to 413.

TTK PRESTIGE: (3025) Crossover above 3090 it'll surge up to 3125, 3158 & 3212. Downward side 2982 a crucial support break below which it'll fall down to 2940 & 2902.