Monday, 30 July 2018


Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 30 july, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 30 july 2018
----------------------------------------------------------------------------------------------------------

Indices are soaring higher into uncharted territory without any interruption. Momentum is seen in state-run banks, whereas Nifty Metal and Midcap indices bounced back from their lows.


The suggested Double Top Buy pattern on the Point & Figure chart has got achieved. The Nifty's 5-day simple moving average (DMA) stands around 11,159, which indicates that the bull run is intact unless the index trades below it. The benchmark index has a higher gap unfilled around 11,185 levels. So, the possibility of prices retracing to fill the gap cannot be ruled out.


The Nifty has also given a classical flag pattern breakout. The target as per the pattern is 11,400, which is supportive for the bulls. It previous high of around 11,171 levels can act as support too.


Looking at the options data, the highest put open interest is seen around 11,000 strike, 

followed by 11,200 strike. Maximum call OI is seen around 11,500 levels, followed by 11,400. The data signifies an immediate trading range between 11500 and 11,100 levels.

We expect sideways to bullish movement in coming sessions, within a range of 11,450 on the higher side and 11,100 on the lower side. Stock specific action can also be seen. If the Nifty closes below 11,120 levels, it can correct to 10,930/10,880 levels.

The Bank Nifty is trading higher after a breakout from the tight range of 27,200 and 26,650. We expect sideways to bullish movement in a 27,700-27,300 range. The psychological mark of 28,000 can act as a resistance, while support lies around 27,350 levels.

For Quick Trial Contact:
✆ -  09699997717
✆ - 0731-6626191 ✔
Mail: info@ways2capital.com
✆ Join us on WhatsApp @ 89620-00225 ✆
✆ 24/7 Customer Care 1800-3010-2007 (Toll Free)

0 comments:

Post a Comment