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Free Nifty Intraday Tips

Nifty Intraday Stock Market  :
Last week strong bounce back were saw from the level of 5328 and finally made a high near to resistance 5600 region. Technically resistance is 5600 and successfully close above will move further likely 5640-5700-5735 in near term. On the flip side, Fibonacci retrenchment of recent rally from 5330 to 5600, 50% retracement of 5465 and 61.8% of 5430. Strong close below 5300 will create a problem in the market, till then trading range continue in the market. Stiff Resistance 5644.

TODAY : However market are still trading below 50-200 DMA. Yesterday at the end of week Nifty was showing volatile session and close negatively. We may consider support 5500-5481 below that can see the next level around 5412-5378, resistance 5615-5650 watch out. Two closes above 5600 over all buying in the market. Major support 5325 of this week.
Last week strong pull back were saw from the level of 18000 and finally made a high 18650 but unable to cross and closed above 18700. In short term, we can consider resistance area 18700-18750 and move above that level likely test 19000-19125, thereafter over all buying in the market. On the lower side 17800-18000 are a good base have been redeveloped, strong move below 17800 over all selling in the market and likely test 17420-17000 or even more lower level up to 16647.

Today BSE Index again sowing support at lower level 18344-18271, whereas the resistance 18466-18540, over all buying in the market. Major support 18000 of this week.

Bank Nifty Stock :
.Strong reversal from the major support zone 10330 and finally made a high 11030 but closed below 11000 level at 10785. Over all trend is side ways .. Down side consider support 10500-10300 range, whereas the resistance is 11000-11150, fresh up move only above that level.

Today : Bank Nifty continue in trading range.....we may consider support 10750 below that can see the level of 10635-10538, resistance 10900-10950 and actual movement can see above 11057 level. ....Trend is indicating in coming day's big move likely. Major support 10300-10350 watch out. Above 11200-11250 Big Move in all Banking Stocks.
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