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Intraday Trading Tips

Anushka

NIFTY :
Yesterday in Nifty range bound situation but closes positive at 5728 (1.23%) The next important level to watch out for tomorrow intraday trading the Nifty support level would be 5649-5687, while the resistance level would be 5746-5768.Over all market is upside trend but this is time to patient and wait for buying opportunity to come. In this rally TCS was top gainer 1196 (+5.19%), along with STER 177.75 (+4.71%) SUNPHARMA 486.90 (+4.62%) RANBAXY 587.40 (4.20%) In this good come back of nifty RELINFRA 704.5 (-4.14%), SESAGOA, BHARTI was a top looser in rally

Today consider support 5700-5670 which is strong support, below selling pressure on the card, higher level resistance 5750.. hold this level and stay with volume over all buying in the market.

.BSE INDEX
After the range bound situation and closes positively 19902 (1.11%). The next important level to watch out for tomorrow intraday trading in BSE support would be 18862-18977, while the resistance would be19164-19236 TCS, STERIND, AXISBANK, INDSBANK Was a top gainer in the rally. EXIDEIND. RELINFRA, GLENMARKA are these stocks was a top looser in the index

CNX BANK NIFTY
After some volatile and positively strength in BANK NIFTY closed 10618 (1.47%) positive. The next important level to watch out for tomorrow intraday trading in BANK NIFTY support would be 10448-10533, while the resistance would be 10691-10763. AXIS BANK 1280 (+4.16%) was a leader in Banking sector along with CANBANK 542 (+2.61%) ,and IDBI 144 (+2.31%) was a top gainer in end of the day .BANKBARODA 816.65 (-2.03%) was a top looser in the index.
Short term trend is up and may test 10900-10950 range thereafter again slide can not be ruled out....today support 10501,,,,,,,,

GAIL
Class example of broken Head and Shoulder pattern........We are bearish from the level of 510 and our first target 480.. thereafter more down side.... Sell on rise strategy to be adopted.

M&M
Last five days solid consolidation were saw and hold support level 730.. crossover yesterday high over all buying in this counter. Close below 730 do not remain long this stock.
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