Nifty breached the Bollinger band on lower side and closed with significant loss. After making a positive start followed by a quick oscillatory session in the intraday trade, finally, nifty after breaching several of its important supports. Level wise, closing below the vital 5300 and 5250 levels will infuse more selling momentum among the investors. Broader market too witnessed a weakness and owing to selling in Large Cap, small cap and midcap, bears outnumbered the bulls, with a good margin. In today’s session, Nifty stripped off its vital 9 & 100 day’s SMA placed at 5274 & 5223, yet it managed to close above the vital 14 & 50day’s SMA placed at 5217 & 5051. These levels may be the new ranges in forthcoming sessions. In today’s session, VIX, the barometer of uncertainty, zoomed and closed at a little higher than average level of 23.30, indicating an average volatility in market in the forthcoming sessions. RSI (14) for the session was at 54.93 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 LEVELS FOR TOMORROW
R1-5270
R2-5342
S1-5175
S2-5115
FREE INTRADAY STOCK TIPS ON MOBILE
Sell Aurobindo Pharma Ltd above 118.80, target 92.00 for 1 Month
Buy Tata Consultancy Services Ltd below 1110.00, target 1160.00 for 2 Weeks
Buy Satyam Computer Services Ltd above 74.00, target 82.00 for 2 Weeks
NIFTY LEVELS FOR TOMORROW
R1-5270
R2-5342
S1-5175
S2-5115
FREE INTRADAY STOCK TIPS ON MOBILE
Sell Aurobindo Pharma Ltd above 118.80, target 92.00 for 1 Month
Buy Tata Consultancy Services Ltd below 1110.00, target 1160.00 for 2 Weeks
Buy Satyam Computer Services Ltd above 74.00, target 82.00 for 2 Weeks
