Intraday Free Nifty Tips

NIFTY

Weekly: As mentioned last week, Nifty broke 4850, tested previous low of 4639, and made a low of 4628. Overall trend is down and every rise is a selling opportunity to an expected lower target of 4185-3739 in coming days. In this week, consider resistance at 4810-4850, downside support at 4600, below another round of panic on the card. Fibonacci Target: 4335-3895 in coming sessions.

Today: As expected, Nifty was unable to cross 4650, slipped to 4521, and closed near two days' low. Now today consider support at 4531-4510, decisively break with volume further weakness, and may test 4400-4350, higher-level resistance at 4680-4700-4710. Higher-level time to sell side.

Free Tips For Today

ALLAHBAD Bank: (142) Sell considering 144.50 & 146.75 solid resistances keeping stop loss of 150. Downward side it'll fall down to 130, 122 & 110.

DENA Bank: (59.25) Sell considering 60.50 a solid resistance keeping stop loss of 62.50. Downward side it'll fall down to 55-54.

ICICI Bank: (676) Sell considering 682 nearest & 689 & 700 solid resistances keeping stop loss of 714. Downward side it'll fall down to 645.

AXIS Bank: (901) Sell considering 920.50 a nearest & 934-942 solid resistances keeping stop loss of 965. Downward side it'll fall down to 887 & 858.

KOTAK Bank: (481) Break below 474 it'll heavily fall down to 459, 449 & 434. Upward side 490 & 495.50 solid resistances.

YES Bank: (257) Sell considering 260 & 265 solid resistances keeping stop loss of 273. Downward side it'll fall down to 244 & 235.

RIL: (723) Sell considering 742 & 748 solid resistances keeping stop loss of 761. Downward side it'll fall down to 705, 694 & 676.

BATA: (568) Sell considering 581 & 587 solid resistances keeping stop loss of 598. Downward side break below 562 it'll heavily fall down to 539, 524 & 499.

BF UTILITY: (291) Sell considering 302 & 310 solid resistances keeping stop loss of 321. Downward side it'll fall down to 280, 266 & 245.

Free Intraday Tips

BSE index: (15837) 15953-15965 solid resistance up to which selling on higher levels to continue, keep stop loss of 16134 to your shorts. Downward side it'll fall down to 15403 & 15284.
Upward side crossover above 16134 it'll turn positive & surge up to 15220, 16286 & 16412. 

Nifty DEC future: (4765) 4789-4793 solid resistance up to which selling on higher levels to continue, keep stop loss of 4848 to your shorts. Downward side it'll fall down to 4601 & 4558. Upward side crossover above 4848 it'll turn positive & surge up to 4897 & 4966.

Bank Nifty DEC Future: (8466) 8530 & 8586 solid resistances up to which selling on higher levels to continue, keep stop loss of 8689 to your shorts. Downward side 8362 a crucial support break below which it'll heavily fall down to 8263, 8202 & 8100.
Upward side crossover above 8689 it'll turn positive & spurt up to 8785.

BSE & Nifty Free Tips

BSE index: (15881) 15810-15771 crucial support to watch out for initially. Break below 15771 it'll heavily fall down further to 15683, 15576 & 15404.
Upward side 15954 & 16046-16133 solid resistances, keep stop loss of 16175 to your shorts. Crossover above 16175 it'll surge up to 16306 in a disguised manner.

Nifty DEC future: (4764) 4744-4731 crucial supports to watch out for initially. Break below 4731 it'll heavily fall down further to 4691, 4654 & 4594. Upward side 4790 & 4818 nearest & 4848 solid resistances up to which selling will continue, keep stop loss of 4858 to your shorts. Crossover above 4858 it'll surge up to 4908 in a disguised manner.

Bank Nifty DEC Future: (8512) 8454 & 8405-8371 crucial supports to watch out for initially. Break below 8371 it'll heavily fall down to 8308, 8219 & 8074. Upward side 8615 & 8689 solid resistances up to which selling will continue, keep stop loss of 8765 to your shorts. Crossover above 8765 it'll surge up to 8835 & 8924 in a disguised manner.

Today's Free Nifty Tips

NIFTY

Last week, we saw lot of volatility in the market. But finally it was unable to hold 5000 and made a low of 4841. For the week ahead, it will take a support range of 4810-4800, decisively break and decline below the lower level target of 4750-4640. Higher-level resistance to continue at 5000-5100 - 5125 to watch out.

Today’s Tips

 Nifty opened negatively after very volatility in the market, and was showing some correction situation. At the end, it was showing very good short covering in the market and closed positively. Technically below 4916, we can see more downside in the market. We can see the next target at around 4350. Now consider resistance at 4830-4911-5025. Downside support at 4730-4639-4538.

 

BANK NIFTY

Last week, strong move was seen, and finally it closed above the resistance level of 9000. As long as holds 9000, up-move to continue and further it will test the 9500-9750 mark. Whereas the reversal cannot be ruled out again. Weekly Trend Decider: 8956. Major support at 8300-8325 and reversal to buy side.

Today: Bank Nifty opened negatively and was showing very volatile situation in the market. At the end it closed positively. Technically below 8838, we can see weakness in that; and above 9100, we can see positivity. Because of flat closing, there were no changes in support resistance. Now we may consider support at 8500-8300-8240 and resistance at 8626-8811-9000.

Intraday Free Tips

HDFC LTD (LTP: 647.35) - SELL
For today's trade, short position can be initiated only in Rs654-657 range for a target of Rs640-636, with a strict stop loss of Rs664.

RECLTD (LTP: 171.35) - SELL
For today's trade, short position can be initiated only in Rs176-177.50 range for a target of Rs171-169, with a strict stop loss of Rs180.

SUN PHARMA (LTP: 504.9) - SELL
For today's trade, short position can be initiated only in Rs514-517 range for a target of Rs504-500, with a strict stop loss of Rs523.

MCDOWELL (LTP: 708) - SELL
For today's trade, short position can be initiated only in Rs715-720 range for a target of Rs700-690, with a strict stop loss of Rs725.