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Intraday Nifty Future Tips

As last week in this clumn mentioned that 200 DMA - 5700-5716 are a strong support and likely U turn and it was did it and finallhy made a high 5897, almost 200 points gained from the lower level. In this week we may consider strong support 5810 and 5695, on the higher side resistance 5900-5950..crossover with volume can trigger short covering and fresh buying resulted it will test 6100-6150. Your stop loss for long 5700. FIIS are continue in buying mode.

TODAY : At the end of the week of trading session Nifty open positively and showing good strength on positive side and close positively. Now the support and resistance for the intraday support is 5805-5777 and resistance is 5920-5950. Above that can see the next resistance in few trading session 5993-6042.
BSE NIFTY: TODAY: As expected it was hold support 19500 and managed to close above 19600. Now today watch out resistance 19840-19850 range, whether it will cross or not.

Bank Nifty last week after a made a low 11482 and finally U turn were saw resulted it was made high 11960. Over all trend is bullish and as remain hold 11500 bull move continue. Over all looks that bulls are full control and continue push towards 12000-12050 level , decisively crossover it will show decent move and first target 12400-12500 in near term. Bank Nifty likely out perform in coming days.

TODAY : Bank Nifty opens positively and it was showing some strength in the market on positive side and close positively. Now the important level to watch out for intra working resistance 11950-12038 and support is 11683-11551. Above 11900-11950 looks hot and overall buying in the market. Buying on dip strategy should be follow please.

Looks good -----Excellent result
But..... below market expectation.
Today support 995-1000 buying opportunity ?

Bullish break out with volume...
Above 71 very very hot....
Decline to buy side....

Now support 2800
Today resistance 2890-2900
Close eye.. reversal to sell side..
Above 720 bull favour and buy side. 

Excellent result on the card....
Crossover 152 and stay with volume
Decent move expected...
Check yesterday volume.... Strong support 145

Finally broken resistance level 175
And closed above with volume
Today above 182-- sharp move likely.

Down side support 580....
Break and trade below target 560
Thereafter more down side.

Lower level support 2880-2900
Over sold counter...
Short covering will spurt likely
If manage to hold 2900 mark

Be prepare for big move..
Decline to buy side.
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