S&P CNX
Nifty CMP: 6511.90
The Nifty closed at 6511.90 level , down marginally by 25.35 points or ‐0.39 % from previous day’s close .Nifty drifted down slowly to end in the negative after a 5 day winning streak. Nifty faced resistance at yesterday’s intraday high level of 6563. Hourly RSI is at 71, in the positive zone after an expected correction. The Index closed above its 40 HMA at 6482 but below its 20 HMA at 6519. For today’s session, 6455 level remains an important support ,below which the index may fall to 6415 levels . On the upside, 6565 & 6580 levels would act as resistance
The Nifty closed at 6511.90 level , down marginally by 25.35 points or ‐0.39 % from previous day’s close .Nifty drifted down slowly to end in the negative after a 5 day winning streak. Nifty faced resistance at yesterday’s intraday high level of 6563. Hourly RSI is at 71, in the positive zone after an expected correction. The Index closed above its 40 HMA at 6482 but below its 20 HMA at 6519. For today’s session, 6455 level remains an important support ,below which the index may fall to 6415 levels . On the upside, 6565 & 6580 levels would act as resistance
Market Trend
Nifty
Resistance 6552/6592
Support 6483/6454
Bank Nifty
Resistance 12221/12398
Support 11930/11817
Nifty
Resistance 6552/6592
Support 6483/6454
Bank Nifty
Resistance 12221/12398
Support 11930/11817
JK Tyre - Positional call ( 1-2 days ) CMP: 149.40
JK Tyre exhibited a breakout from a declining trendline.It also closed above
the upperBollinger band, indicating rise in momentum. Yesterday’s rise occurred with a rise in volume. RSI is at 58 with a positive crossover.
JK Tyre Buy at or above 149 SL 147 TARGETS 155
Coal India March Future - Positional call ( 1-2 days ) CMP: 256.85
Coal India March future is trading below a major downward trendline. It formed
a bearish harami candlestick pattern .It is also exhibiting a negative reversal
pattern with RSI chart. RSI at neutral 49 level.The stock future is expected
decline from current levels.Read More
Coal India March Future Sell at or below 257 SL 261 TARGETS 250
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