INTELLECTUAL TRADING

Nifty Analysis The Nifty 50 Index traded the week on a volatile note. On Monday, it opened the session gap up to hit a fresh lifetime high. It then gap down 83-points the following the day and witnessed selling pressure. But the index recovered strongly going into the weekend. On Friday, the index witnessed some more volatility but finally ended the week with 0.29% gains. Support : Previously strong resistance level   is  9700 . As per the change of polarity principle (previous resistance now support) : Now 9700 will become Strong Support Level . Resistance : First psychological Resistance is 10000 . We need to watch this level closely. Support and Resistance :  Support :  9874/ 9827 / 9680 Resistance : 9928/ 10030 Nifty Options Max OI  : Support : 9800 [MAX PUT OI Contracts 9800 PE - 64 Lakhs OI Contracts] Resistance : 10000 [MAX CALL OI Contracts  10000 CE - 67.8 Lakhs OI Contracts] Nifty Fundamental Indicators indicate 'Over Valued'.  Nifty

Most readers seem to have some confusion about whether bonus issue and stock splits are the same or not.   They may appear to be the same especially in the eyes of a person not well-versed in finance. But they are, in fact, two different things. This article will help you to get a clear picture of the difference between the two. WHAT’S THE DIFFERENCE? Simply put- A bonus is a free additional share. A stock split is the same share split into two. Usually companies accumulate it’s earnings in reserve funds instead of paying it to share-holders in form of dividend. This accumulated reserve fund is then converted into share-capital and allotted to share-holders as bonus shares in proportion to their existing holding. So, Share-capital of the company increases with a concomitant  decrease in its Reserve profits. Share-holders get bonus shares in compensation of dividend. But when a share is split, say, from Rs 10 denomination to Re 1 denomination, there would neither be an increas

Nifty Analysis Time and again the 9700-9709 zone proves to be a very solid supply zone for the Nifty. Multiple attempts have been unsuccessful in breaching past the Double Top pattern formed on daily charts . The Double Top Reversal is a bearish reversal pattern  .  Bollinger Bands confirms trend is side ways and it is between 9492 - 9713. All attention will now turn to the upcoming results season which begins next week. IT  bellwethers like TCS and Infosys and banking heavyweight IndusInd Bank will kick-start the earnings season followed by others like KTK Bank, RIIL, South Indian Bank and Gruh Finance. In addition, coming week promises to be full of action as it is one of the most data heavy weeks of the month.  Support and Resistance :  Support :  9602/ 9526 / 9361. Resistance : 9678/ 9713/ 9800 Nifty Options Max OI  : Support : 9500 [MAX CALL OI Contracts 9700 CE - 40 Lakhs OI Contracts] Resistance : 9700 [MAX PUT OI Contracts  9400 PE - 63 Lakhs OI Contracts]

PNB Buy Price : 143  Target  : 146 / 151 Stop Loss : 139 KOLTEPATIL Buy Price : 175 Target  : 182 Stop Loss: 173 DISCLAIMER :   view

MOREPEN LABORATORIES LTD Buy Price : 19 Target : 19.8 Stop Loss : 18.7 DISCLAIMER :   view