Bulls Plus Bears Bolt Horns and Futures Trading Tips
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Kiran Kumar Reddy
Jun 30, 2014, 1:00:21 PM6/30/14
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Please consider this free-reprint article written by:
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Article Title: Bulls Plus Bears Bolt Horns and Futures Trading Tips
Author: Kiran Kumar Reddy
Word Count: 719
Article URL: http://www.isnare.com/?aid=1897534&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1897534
Easy Publish Tool: http://www.isnare.com/html.php?aid=1897534
*********************** ARTICLE START ***********************
Indian Futures Trading share market knock down for the 3rd straight session on Friday, drumming their lowest close in over two weeks as blue-chips slipped on Iraq violence led risk repugnance. The Bombay Stock Exchange Sensex closes at 25106 were down by 97 points or slumped by 0.38 percent. Nse Nifty Closes at 7512 were fallen by 30 points or fell by 0.39 percent BSE Midcap index lost by 0.4 percent whereas the Smallcap index ended 0.7 percent loss in intraday trade.
Sensex Major Resistance on Upside at 25233-25360-25487
Sensex Major Support on Downside at 25020-24934-24807
Trend Deciding Level at 25147
Nifty Index Major Resistance on Upside at 7549-7585-7621
Nifty Index Major Support on Downside at 7488-7463-7427
Trend Deciding Level at 7524
Major Headlines
Power Finance Corp shareholders approve raising co's borrowing limit
Tata Power promoter creates pledge on 1.9 cr shares on June 16
Tata Motors promoter creates pledge on 1.8 cr shares on June 16
Wockhardt gets UK nod to sell anti-retroviral Nevirapine tablet
Jayaswal Neco board to mull preference share issue on June 25
Nifty Indices
Nifty closes at 7511, were down by twenty nine points. The index finished the week in a negative mode for a second consecutive week by closing almost at the week’s squat, in this manner forming a shooting star candlestick pattern. Lying on the inferior side, 7487 is a very decisive support in the immediate term and below that 7433 is another level to look at out for. Beneath 7433 the bulls have to capitulate as bears will have an absolute control over the breadth of the market during such a crate. Precise currently, the utmost stocks are showing weakness and their momentum indicator has gone into sell sort; nevertheless, Nifty itself is not flouting the short. So, this could lead to an upside which can be called “turn around deviation”, in which the impetus shall undo in the direction of the price. Consequently, till 7433 is detained we shall uphold our short-term bias up.
The thrust pointer has gone in sell sort with a negative divergence on the daily chart and that’s quite a negative sign for the bulls
In the daily chart the index is trading above the Twenty-day moving average (DMA) and the Forty-DMA, ie 7480 and 7271 respectively. The thrust indicator is trading in negative sort on the daily chart
In the hourly chart, the Nse Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 7554 and 7555 correspondingly, which are vital intra-day levels. The hourly impetus indicator encompass turned negative.
The market duration was turned negative with 601 advances and 975 declines, Unchanged 32 Total Issue 1608 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 7570-7609-7647
Nifty Future Major Support on Downside is at 7502-7473-7434
Trend Deciding Level at 7541
Bank Nifty Major Resistance on Upside at 15201-15336-15470
Bank Nifty Major Support on Downside at 14974-14882-14747
Trend Deciding Level is at 15109
5 Daily Moving Average @ 7555
50 Daily Moving Average @ 7131
200 Daily Moving Average @ 6399
5 Days Relative Strength Index @ 40 and 49 Days Relative Strength Index @ 59 INDICATES NIFTY PLACED IN BULLISH ZONE, WITH BEARISH MOMENT.
Futures Trading Tips
Buy Nifty Fut Jun Intraday above 7555 sl 7530 Tgt 7575-7600 {Or} Sell Below 7505 sl 7530 Tgt 7485-7460
Buy Bank Nifty Fut Jun Intraday above 15115 sl 15065 Tgt 15165-15215 {Or} Sell Below 15015 sl 15065 Tgt 14965-14915
Pick Of the Week
Buy Unitech Cash above 34 sl 29 Tgt 37-41
Buy Tata Elexsi Cash above 578 sl 535 Tgt 625-675
Fundamental Pick
Buy Viaka Ind above 126 Add More on Dips at 110 For Short Term Target 168 For Long Term Target 220-240.
Summary: Visaka Industries is the second largest cement sheet manufacturer in India and manufactures corrugated cement fiber sheets. Buy and hold the stock keep accumulating the dividend and interim dividends
Curious Fact
Your skin has more organisms living on it than there are people living on Earth. In fact, the human body itself is like a planet.
Article Source: http://www.charanwings.com/blog/post/Bulls-Plus-Bears-Bolt-Horns-and-Futures-Trading-Tips
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Message delivered directly to members of the group:
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*****************************************************************
Please consider this free-reprint article written by:
Kiran Kumar Reddy
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1897534
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1897534
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Bulls Plus Bears Bolt Horns and Futures Trading Tips
Author: Kiran Kumar Reddy
Word Count: 719
Article URL: http://www.isnare.com/?aid=1897534&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1897534
Easy Publish Tool: http://www.isnare.com/html.php?aid=1897534
*********************** ARTICLE START ***********************
Indian Futures Trading share market knock down for the 3rd straight session on Friday, drumming their lowest close in over two weeks as blue-chips slipped on Iraq violence led risk repugnance. The Bombay Stock Exchange Sensex closes at 25106 were down by 97 points or slumped by 0.38 percent. Nse Nifty Closes at 7512 were fallen by 30 points or fell by 0.39 percent BSE Midcap index lost by 0.4 percent whereas the Smallcap index ended 0.7 percent loss in intraday trade.
Sensex Major Resistance on Upside at 25233-25360-25487
Sensex Major Support on Downside at 25020-24934-24807
Trend Deciding Level at 25147
Nifty Index Major Resistance on Upside at 7549-7585-7621
Nifty Index Major Support on Downside at 7488-7463-7427
Trend Deciding Level at 7524
Major Headlines
Power Finance Corp shareholders approve raising co's borrowing limit
Tata Power promoter creates pledge on 1.9 cr shares on June 16
Tata Motors promoter creates pledge on 1.8 cr shares on June 16
Wockhardt gets UK nod to sell anti-retroviral Nevirapine tablet
Jayaswal Neco board to mull preference share issue on June 25
Nifty Indices
Nifty closes at 7511, were down by twenty nine points. The index finished the week in a negative mode for a second consecutive week by closing almost at the week’s squat, in this manner forming a shooting star candlestick pattern. Lying on the inferior side, 7487 is a very decisive support in the immediate term and below that 7433 is another level to look at out for. Beneath 7433 the bulls have to capitulate as bears will have an absolute control over the breadth of the market during such a crate. Precise currently, the utmost stocks are showing weakness and their momentum indicator has gone into sell sort; nevertheless, Nifty itself is not flouting the short. So, this could lead to an upside which can be called “turn around deviation”, in which the impetus shall undo in the direction of the price. Consequently, till 7433 is detained we shall uphold our short-term bias up.
The thrust pointer has gone in sell sort with a negative divergence on the daily chart and that’s quite a negative sign for the bulls
In the daily chart the index is trading above the Twenty-day moving average (DMA) and the Forty-DMA, ie 7480 and 7271 respectively. The thrust indicator is trading in negative sort on the daily chart
In the hourly chart, the Nse Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 7554 and 7555 correspondingly, which are vital intra-day levels. The hourly impetus indicator encompass turned negative.
The market duration was turned negative with 601 advances and 975 declines, Unchanged 32 Total Issue 1608 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 7570-7609-7647
Nifty Future Major Support on Downside is at 7502-7473-7434
Trend Deciding Level at 7541
Bank Nifty Major Resistance on Upside at 15201-15336-15470
Bank Nifty Major Support on Downside at 14974-14882-14747
Trend Deciding Level is at 15109
5 Daily Moving Average @ 7555
50 Daily Moving Average @ 7131
200 Daily Moving Average @ 6399
5 Days Relative Strength Index @ 40 and 49 Days Relative Strength Index @ 59 INDICATES NIFTY PLACED IN BULLISH ZONE, WITH BEARISH MOMENT.
Futures Trading Tips
Buy Nifty Fut Jun Intraday above 7555 sl 7530 Tgt 7575-7600 {Or} Sell Below 7505 sl 7530 Tgt 7485-7460
Buy Bank Nifty Fut Jun Intraday above 15115 sl 15065 Tgt 15165-15215 {Or} Sell Below 15015 sl 15065 Tgt 14965-14915
Pick Of the Week
Buy Unitech Cash above 34 sl 29 Tgt 37-41
Buy Tata Elexsi Cash above 578 sl 535 Tgt 625-675
Fundamental Pick
Buy Viaka Ind above 126 Add More on Dips at 110 For Short Term Target 168 For Long Term Target 220-240.
Summary: Visaka Industries is the second largest cement sheet manufacturer in India and manufactures corrugated cement fiber sheets. Buy and hold the stock keep accumulating the dividend and interim dividends
Curious Fact
Your skin has more organisms living on it than there are people living on Earth. In fact, the human body itself is like a planet.
Article Source: http://www.charanwings.com/blog/post/Bulls-Plus-Bears-Bolt-Horns-and-Futures-Trading-Tips
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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