Nifty Intraday Outlook For Monday 09-April

At this time, the placement of 5 & 20 EMA on the daily chart suggests that positive momentum is likely to continue once indices trade convincingly above the Downward Sloping Trend Line which coincides with yesterday's high of 17,664 / 5,379. In such scenario, indices are likely to rally further towards 17,700 - 17,836 / 5,380 - 5,430 levels. Since the momentum oscillators on the hourly chart are in overbought zone, a consolidation or a minor pullback cannot be ruled out. On the downside, 5,375 - 5,300 levels can act as a decent support for the markets in coming trading session.

2 Responses so far

  1. Dear Visitor,
    Would like to appreciate the effort of the webmaster for creating such a wonderful blog which is very helpful for the visitors.
    Would like to add few notes here like if we are trading in Share market tips Intraday tips say specially in NSE and BSE which are one of the most popular stock exchanges of the world then we need to take care of the few things like

    1. Always trade in limit
    2. Do not make tade on emotional basis
    3. Always try to get professional support before taking risk in stock market
    4. Rely on professional research rather than speculation.

    This is for sure if we follow above 4 points then we can always stay in good profit.


  2. BIGPROFITBUZZ a very famous brand in advisory of Indian stock market who gives advice in all segments like Equity, Future, Option, Nifty andCommodity.NIFTY at present level looks very attractive for both intraday traders & positional traders both. NIFTY RSI is 73.5. According to RSI analysis, nifty is overbought and a bearish divergence is formed.MACD: 121.0 and Signal Line: 61.2. According to MACD analysis, nifty is technically strong.20-day simple moving average just got above its 50-day simple moving average which is a positive signal. According to simple moving average analysis, nifty is in a strong uptrend. Major support levels are 8403.218, Nifty Futures 8383.275,7784.623.According to exponential moving average analysis, nifty is in a strong uptrend. Major support levels are 8476.128, 8353.522, 7782.04. According to Bollinger bands, nifty has hit the upper band which is a positive signal. According to Fibonacci retracement, price is above all levels. Major support is at 8520.6709 and 8413.875. Resistance level is 8866.4.ADX is 22.3 which means NIFTY is in a trading range and there is no trend. For further updates you can visit our website

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