Free Stock market tips for intraday trading
Buy Hindustan Petroleum Corporation Ltd above 336.00, target 348.00 for Intraday
Sell Tata Consultancy Services Ltd below 1096.00, target 1060.00 for Intraday
NIFTY MARKET PREDICTIONS
Nifty witnessed a significant fall and in turn made a bid bearish candle in yesterday's market. Chart wise, it is 5300 level, breaching of which has deteriorated the bulls. Overall it signifies about returning strength of the bears in our market. Owing to weak buying in Large Cap, small cap and midcap, bears outnumbered the bulls with a good margin. In today’s session, Nifty though not closed on firm note, but managed to close above the vital 9, 14, 50 & 100 day’s SMA placed at 5191,5156, 5015 & 5235. These levels may be the new supports in forthcoming sessions. In today’s session, VIX, the barometer of uncertainty, zoomed and closed at an average level of 24.02, indicating an average volatility in market in the forthcoming sessions. RSI (14) for the session was at 58.90 levels and MACD closed above the signal line, thus combined together they are giving the signals that; market may continue to witness some range bound movements in forthcoming session amidst higher volatility.
NIFTY LEVEL FOR TOMORROW
Resistance 1-5326
Resistance 2-5352
Support 1-5266
Support 2-5200
